Income Tax Slab Rates For Salaried Class for Financal Year 2012-13

(NOTE: NEW INCOME TAX SLAB RATES PROPOSED FOR Financial year 2013-14 are available, Please CLICK HERE to view)

These are the New Income Tax Slab Rates For Salaried Class for Financial year 2012-13 as approved by Pakistan Finance Act, 2012.

Tax will be paid at the rate of Gross Salary minus minimum of applicable slab Multiplied by Rate PLUS the Additional Tax. Say your salary is 800,000/- annually, tax will be (800,000 -750,000)*10% +17,500 =22,500 Annually.

Tax credits/ Exemptions for Medical, Construction of new house, Shares Investments, telephone and Electricity Bill and so forth may also be gained as per relevant sections

 

Where the taxable Income Exceed To but does not exceed rupees Rate Of Tax  Additional tax
0   400000 0.00%  
400000 to 750000 5.00%  
750000 to 1500000 10.00% 17500
1500000 to 2000000 15.00% 95000
2000000 to 2500000 17.50% 175000
2500000   10000000000 20.00% 420000

NOTE: INCOME TAX SLAB RATES PROPOSED FOR Financial year 2013-14 are available, Please CLICK HERE to view)