The federal govt has announced newly revised pay scales in its annual budget for 2022-2023 on 10 June 2022. You can easily calculate your income tax after budget 2022-23. Further detail of income tax slabs is as under;

Income Tax slabs in Pakistan Budget 2022

SR.NOTAXABLE INCOMETAX RATE
1Where the taxable income does not exceed Rs600,0000
2Where the taxable income exceeds Rs600,000 but does not exceed Rs1,200,000Rs100
3Where taxable income exceeds Rs1,200,000 but does not exceed Rs2,400,0007% of the amount exceeding Rs1,200,000
4Where taxable income exceeds Rs2,400,000 but does not exceed Rs3,600,000Rs84,000 + 12.5% of the amount exceeding Rs2,400,000
5Where taxable income exceeds Rs3,600,000 but does not exceed Rs6,000,000Rs234,000 + 17.5% of the amount exceeding Rs3,600,000
6Where taxable income exceeds Rs. 6,000,000 but does not exceed Rs12,000,000Rs654,000 + 22.5% of the amount exceeding Rs6,000,000
7Where taxable income exceeds Rs12,000,000Rs2,004,000 + 32.5% of the amount exceeding Rs12,000,000.

Personal income tax rates Budget 2022

The following tax rates apply where the income of the individual from salary exceeds 75% of taxable income.

TAXABLE INCOME (PKR)TAX ON COLUMN 1 (PKR)TAX ON THE EXCESS OF COLUMN 1 (%)
Over (column 1)Not over
0600,0000
600,0001,200,0005
1,200,0001,800,00030,00010
1,800,0002,500,00090,00015
2,500,0003,500,000195,00017.5
3,500,0005,000,000370,00020
5,000,0008,000,000670,00022.5
8,000,00012,000,0001,345,00025
12,000,00030,000,0002,345,00027.5
30,000,00050,000,0007,295,00030
50,000,00075,000,00013,295,00032.5
75,000,00021,420,00035

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