New Income Tax slabs in Pakistan Budget 2022

The Federal Govt of Pakistan presented its annual budget for 2022-2023 on 10 June 2022. The federal govt has announced newly revised pay scales. New Income Tax slabs in Pakistan are also revised and given below. Check Revised Pay Scale Chart 2022. You can easily Calculate your income tax after budget 2022-23.

Sr.No	Taxable Income	Tax Rate
1	Where the taxable income does not exceed Rs600,000	0
2	Where the taxable income exceeds Rs600,000 but does not exceed Rs1,200,000	Rs100
3	Where taxable income exceeds Rs1,200,000 but does not exceed Rs2,400,000	7% of the amount exceeding Rs1,200,000
4	Where taxable income exceeds Rs2,400,000 but does not exceed Rs3,600,000	Rs84,000 + 12.5% of the amount exceeding Rs2,400,000
5	Where taxable income exceeds Rs3,600,000 but does not exceed Rs6,000,000	Rs234,000 + 17.5% of the amount exceeding Rs3,600,000
6	Where taxable income exceeds Rs. 6,000,000 but does not exceed Rs12,000,000	Rs654,000 + 22.5% of the amount exceeding Rs6,000,000
7	Where taxable income exceeds Rs12,000,000	Rs2,004,000 + 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
0	600,000		0
600,000	1,200,000		5
1,200,000	1,800,000	30,000	10
1,800,000	2,500,000	90,000	15
2,500,000	3,500,000	195,000	17.5
3,500,000	5,000,000	370,000	20
5,000,000	8,000,000	670,000	22.5
8,000,000	12,000,000	1,345,000	25
12,000,000	30,000,000	2,345,000	27.5
30,000,000	50,000,000	7,295,000	30
50,000,000	75,000,000	13,295,000	32.5
75,000,000		21,420,000	35