Tax Brackets For Salaried Persons For Fiscal Year 2019-2020 & 2020-2021
Salaried Individuals |
|
|---|---|
Taxable Income |
Tax Rate |
Where the taxable income does not exceed PKR 600,000. |
0% |
Where the taxable income exceeds PKR 600,000 but does not exceed PKR 1,200,000. |
5% of the amount exceeding PKR 600,000 |
Where the taxable income exceeds PKR 1,200,000 but does not exceed PKR 1,800,000. |
PKR 30,000 + 10% of the amount exceeding PKR 1,200,000 |
Where the taxable income exceeds PKR 1,800,000 but does not exceed PKR 2,500,000. |
PKR 90,000 + 15% of the amount exceeding PKR 1,800,000. |
Where the taxable income exceeds PKR 2,500,000 but does not exceed PKR 3,500,000. |
PKR 195,000 + 17.5% of the amount exceeding PKR 2,500,000. |
Where the taxable income exceeds PKR 3,500,000 but does not exceed PKR 5,000,000. |
PKR 370,000 + 20% of the amount exceeding PKR 3,500,000. |
Where the taxable income exceeds PKR 5,000,000 but does not exceed PKR 8,000,000. |
PKR 670,000 + 22.5% of the amount exceeding PKR 5,000,000. |
Where the taxable income exceeds PKR 8,000,000 but does not exceed PKR 12,000,000. |
PKR 1,345,000 + 25% of the amount exceeding PKR 8,000,000. |
Where the taxable income exceeds PKR 12,000,000 but does not exceed PKR 30,000,000. |
PKR 2,345,000 + 27.5% of the amount exceeding PKR 12,000,000. |
Where the taxable income exceeds PKR 30,000,000 but does not exceed PKR 50,000,000. |
PKR 7,295,000 + 30% of the amount exceeding PKR 30,000,000. |
Where the taxable income exceeds PKR 50,000,000 but does not exceed PKR 75,000,000. |
PKR 13,295,000 + 32.5% of the amount exceeding PKR 50,000,000. |
Where the taxable income exceeds PKR 75,000,000. |
PKR 21,420,000 + 35% of the amount exceeding PKR 75,000,000. |
Unsalaried Individuals |
|
|---|---|
Taxable Income |
Tax Rate |
Where the taxable income does not exceed PKR 400,000. |
0% |
Where the taxable income exceeds PKR 400,000 but does not exceed PKR 600,000. |
5% of the amount exceeding PKR 400,000 |
Where the taxable income exceeds PKR 600,000 but does not exceed PKR 1,200,000. |
PKR 10,000 + 10% of the amount exceeding PKR 600,000 |
Where the taxable income exceeds PKR 1,200,000 but does not exceed PKR 2,400,000. |
PKR 70,000 + 15% of the amount exceeding PKR 1,200,000. |
Where the taxable income exceeds PKR 2,400,000 but does not exceed PKR 3,000,000. |
PKR 250,000 + 20% of the amount exceeding PKR 2,400,000. |
Where the taxable income exceeds PKR 3,000,000 but does not exceed PKR 4,000,000. |
PKR 370,000 + 25% of the amount exceeding PKR 3,000,000. |
Where the taxable income exceeds PKR 4,000,000 but does not exceed PKR 6,000,000. |
PKR 620,000 + 30% of the amount exceeding PKR 4,000,000. |
Where the taxable income exceeds PKR 6,000,000. |
PKR 1,220,000 + 35% of the amount exceeding PKR 6,000,000. |
Rental Income |
|
|---|---|
Taxable Income |
Tax Rate |
Where the taxable income does not exceed PKR 200,000. |
0% |
Where the taxable income exceeds PKR 200,000 but does not exceed PKR 600,000. |
5% of the amount exceeding PKR 200,000 |
Where the taxable income exceeds PKR 600,000 but does not exceed PKR 1,200,000. |
PKR 20,000 + 10% of the amount exceeding PKR 600,000 |
Where the taxable income exceeds PKR 1,000,000 but does not exceed PKR 2,000,000. |
PKR 60,000 + 15% of the amount exceeding PKR 1,000,000. |
Where the taxable income exceeds PKR 2,000,000 but does not exceed PKR 4,000,000. |
PKR 210,000 + 20% of the amount exceeding PKR 2,000,000. |
Where the taxable income exceeds PKR 4,000,000 but does not exceed PKR 6,000,000. |
PKR 610,000 + 25% of the amount exceeding PKR 4,000,000. |
Where the taxable income exceeds PKR 6,000,000 but does not exceed PKR 8,000,000. |
PKR 1,110,000 + 30% of the amount exceeding PKR 6,000,000. |
Where the taxable income exceeds PKR 8,000,000. |
PKR 1,710,000 + 35% of the amount exceeding PKR 8,000,000. |