Latest Salary Tax Slabs in Pakistan as per Budget 2023-24
- Taxable salary income up to Rs. 600,000 is tax-free,
- Taxable salary income between Rs. 600,000 and Rs. 1,200,000 is taxed at the rate of 2.5% for the amount exceeding Rs. 600,000,
- Taxable salary income between Rs. 1,200,000 and Rs. 2,400,000 is taxed at 12.5% for amounts exceeding Rs. 1,200,000, plus Rs. 15,000,
- Taxable salary income between Rs. 2,400,000 and Rs. 3,600,000 is taxed at 22.5% of the amount exceeding Rs. 2,400,000, plus Rs. 165,000.
- Taxable salary income between Rs. 3,600,000 and Rs. 6,000,000 is taxed at a rate of 27.5% the amount exceeding Rs. 3,600,000, plus Rs. 435,000.
- Taxable salary income above Rs. 6,000,000 is taxed at 35% of the amount exceeding Rs. 6,000,000, plus Rs. 1,095,000.
FBR Link – Download Tax Rates