Government Revised the Income Tax Slab 2022-23 on Budget 2022-23
The table below gives details on the tax rates applicable on revised income slabs in Pakistan on Budget 2022-23.
S.No | Taxable income | Rate of tax |
1. | Where taxable income does not exceed Rs. 600,000 | 0 |
2. | Where taxable income exceeds Rs600,000 but does not exceed Rs1,200,000 | Rs100 |
3. | Where taxable income exceeds Rs1,200,000 but does not exceeds Rs2,400,000 | 7% of the amount exceeding Rs1,200,000 |
4. | Where taxable income exceeds Rs2,400,000 but does not exceeds 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 exceeds Rs6,000,000 | Rs234,000 + 17.5% of the amount exceeding Rs3,600,000 |
6. | Where taxable income exceeds Rs6,000,000 but does not 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 |