(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
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