Proposed New Salary Income Tax Slab Rates 2011-12 In Pakistan Federal Budget Bill

Pakistan’s Federal Budget Bill 2011-12 for the next year has just been announced and tabled in the parliament and we are pleased to share with you the salient features of this Pakistan Budget bill with you. A detailed analysis will be delivered once the bill is actually enacted into an act of the parliament. Please give your suggestion before the same is passed.

The Proposed Salary Income Tax Slab Rates 2011-12 In Pakistan Federal Budget Bill are as follows:

1.   Where the taxable income does not exceed Rs.350,000
0%

2.   Where the taxable income exceeds Rs.350,000 but does not exceed Rs.400,000
1.50%

3.   Where the taxable income exceeds Rs.400,000 but does not exceed Rs.450,000
2.50%

4.   Where the taxable income exceeds Rs.450,000 but does not exceed Rs.550,000

3.50%

5.   Where the taxable income exceeds Rs.550,000 but does not exceed Rs.650,000
4.50%

6.   Where the taxable income exceeds Rs.650,000 but does not exceed Rs.750,000
6.00%

7.   Where the taxable income exceeds Rs.750,000 but does not exceed Rs.900,000
7.50%

8.   Where the taxable income exceeds Rs.900,000 but does not exceed Rs.1,050,000
9.00%

9.   Where the taxable income exceeds Rs.1,050,000 but does not exceed Rs.1,200,000
10.00%

10.   Where the taxable income exceeds Rs.1,200,000 but does not exceed Rs.1,450,000
11.00%

11.   Where the taxable income  exceeds Rs.1,450,000 but does not exceed Rs.1,700,000
12.50%

12.   Where the taxable income exceeds Rs.1,700,000 but does not exceed Rs.1,950,000
14.00%
13.   Where the taxable income exceeds Rs.1,950,000 but does not exceed Rs.2,250,000
15.00%

14.   Where the taxable income exceeds Rs.2,250,000 but does not exceed Rs.2,850,000
16.00%
15.   Where the taxable income exceeds Rs.2,850,000 but does not exceed Rs.3,550,000
17.50%

16.   Where the taxable income  exceeds Rs.3,550,000 but does not exceed Rs.4,550,000,

18.5%

17.   Where the taxable income exceeds Rs.4,550,000.
20.00%”;