income tax slot for pakistan personal income tax for individuals: rate varies between 0% - 35 - Pakistan income tax income Understanding the Income Tax Slot for Pakistan: A Comprehensive Guide

Pakistan income tax Navigating the complexities of taxation is crucial for individuals and businesses alikePakistan Announces New Income Tax Brackets and Rates In Pakistan, understanding the income tax slab and the applicable tax rates is essential for accurate income tax filings and financial planningTax Calculator Pakistan 2025-26 | Free Online This guide aims to demystify the income tax slot for Pakistan, providing detailed information based on current regulations and projectionsAccountant General Pakistan Revenues. Government of Pakistan. Home; About Us. About AGPR · Former AGPRs · Organogram. Services. Pension Calculator · Pension 

Key Entities and Concepts in Pakistan's Income Tax System

The Federal Board of Revenue (FBR) is the primary governmental agency responsible for collecting taxes in Pakistan202485—Income TaxSlabs 2024-2025 ; Where taxable income does not exceed Rs. 600,000, 0% ; Where taxable income exceeds Rs. 600,000 but does not exceed  Understanding various terms is vital:

* Taxable Income: This refers to the portion of your income that is subject to taxation after all permissible deductions and exemptions have been appliedTaxation Planning

* Income Tax Slabs: These are Brackets of income that are taxed at progressively higher ratesEffective from 1 July 2023, the government ofPakistanhas announced newIncome taxbrackets and rates, as summarized below, along with the previous tax year  As your income increases, you fall into higher tax slabs, meaning a larger percentage of your income is taxed202485—Income TaxSlabs 2024-2025 ; Where taxable income does not exceed Rs. 600,000, 0% ; Where taxable income exceeds Rs. 600,000 but does not exceed 

* Withholding Tax: This is a type of tax collected at the source of incomeIncome Tax Slabs 2024-2025 For example, employers often withhold income tax from salaries before paying the employeeSection Relevant summary of WHT section Tax Rate Who Withholding Tax Rate Cards provide details on these deductionsTableTaxRates for Companies | Where the taxpayer is a small company ,taxshall be payable at the rate of 20% for theTaxYear 2023 and onward.

* Corporate Tax: This specifically refers to the tax levied on the profits of companiesWithholding Tax Rate Cards; Rate Cards for Previous Years ; Withholding Tax Rate Card for Tax Year 2025; Updated up to 30-06-2024 as per Finance Act 2024 .pdf . For instance, Category 1 corporate income not exceeding PKR 100 million is taxed at 7Section Relevant summary of WHT section Tax Rate Who 5% of the taxable income, while Category 2 sees a rate of 15% of the taxable incomeAccountant General Pakistan Revenues For small companies, the tax rate has been set at 20% for Tax Year 2023 and onwardsIncome Tax Slabs 2024-2025

* Small Company Tax: A specific category with a lower corporate tax rate100,000 or more per month. The tax rate on those earning between Rs 600,000 and Rs 1,200,000 annually has gone up from 2.5% to 5%.

* Personal Income Tax: This concerns individuals and associations of persons (AOPs)2025829—Salary Tax Slabs for FY 2025-26; Where taxable income exceeds Rs. 2,200,000/- but does not exceed Rs. 3,200,000/-, Rs. 116,000/- + 23% of the  Rates for personal income tax for individuals generally vary between 0% - 35%2025829—Salary Tax Slabs for FY 2025-26; Where taxable income exceeds Rs. 2,200,000/- but does not exceed Rs. 3,200,000/-, Rs. 116,000/- + 23% of the 

Income Tax Slabs for Individuals in Pakistan (FY 2025-2026 and Projections)

The income tax slabs for individuals in Pakistan are subject to change, particularly with new budget announcementsWithholding Tax Rate Cards; Rate Cards for Previous Years ; Withholding Tax Rate Card for Tax Year 2025; Updated up to 30-06-2024 as per Finance Act 2024 .pdf . Here's a breakdown based on available information and projections for FY 2025-26 and beyond, including data for Salary Tax Slabs for FY 2025-26:

* Up to Rs 400,000: This bracket is typically taxed at 0%Income Tax Slabs 2024-2025 This represents an initial exemption threshold202584—Category 17.5% of the taxable income, where annual business turnover does not exceed PKR 100 million. · Category 2 15% of the taxable income, 

* Income between Rs 600,000 and Rs 1,200,000: The tax rate on this segment has seen adjustments, with some reports indicating a rise from 2Effective from 1 July 2023, the government ofPakistanhas announced newIncome taxbrackets and rates, as summarized below, along with the previous tax year 5% to 5%Rates Applicable from 1 July 2025 ; Where taxableincomeexceeds Rs. 3,200,000 but does not exceed Rs. 5,600,000. Rs. 650,000 + 40% of the amount exceeding Rs.

* Income between Rs 1,200,000 and Rs 2,200,000: For this bracket, the tax is calculated as 6,000 + 11% of the amount exceeding 1,200,000Taxation Planning

* Income exceeding Rs 2,200,000 but not exceeding Rs 3,200,000: The tax payable is RsThis Tax Calculator Pakistan helps you to calculate salary monthly and yearly payable tax according toincome tax slabs 2025- 2026. 116,000/- + 23% of the amount exceeding Rs 2,200,000/-202584—Category 17.5% of the taxable income, where annual business turnover does not exceed PKR 100 million. · Category 2 15% of the taxable income, 

* Income exceeding Rs 3,200,000 but not exceeding Rs 5,600,000: The payable tax is RsThis Tax Calculator Pakistan helps you to calculate salary monthly and yearly payable tax according toincome tax slabs 2025- 2026. 650,000 + 40% of the amount exceeding Rs 3,200,000Tax Slabs for Salaried Person in Pakistan

* Income above 1250$ a month (approximately Rs 350,000 monthly or Rs 4,200,000 annually): Some analyses suggest that for income exceeding this level, the tax rate can reach up to 35% of the higher incomeIncome Tax Rates - Pakistan This highlights the progressive nature of Pakistan's income tax systemPakistan - Corporate - Taxes on corporate income

It's important to note that these figures are subject to the latest fiscal policies announced by the governmentAccountant General Pakistan Revenues. Government of Pakistan. Home; About Us. About AGPR · Former AGPRs · Organogram. Services. Pension Calculator · Pension  The Accountant General Pakistan Revenues (AGPR) plays a role in the administration of these revenuesPakistan - Corporate - Taxes on corporate income

Calculating Your Income Tax

For individuals looking to estimate their tax liability, utilizing an income tax calculator Pakistan is highly recommendedAtaxmainly refers to the sum of money charged by the Government at specified rates in place of the various services delivered.Taxesgovern the basic  Such tools, often available online and by entities like QuickBooks, can help you determine your payable tax based on the current income tax slabs 2025-2026 or other relevant fiscal yearsAccording to the FBR, the income tax slab, the yearly income between 1,200,000 and 2,200,000 is6,000 + 11% of the amount exceeding 1,200,000. As your income  When using an FBR income tax calculator, ensure it is updated with the latest ratesUpdated Tax Slabs on Salaried Income FY 2026 r/pakistan

Other Important Tax Considerations

Beyond the standard income tax slabs, Pakistan also has other tax regimes that may apply:

* Super Tax: This is an additional tax levied on high-earners and profitable companiesTaxation Planning Super tax rate in Pakistan varies based on profit margins and income levelsPakistan Announces New Income Tax Brackets and Rates

* Turnover Tax: This is a tax levied on the gross turnover of a business, regardless of profitabilityTax Slabs for Salaried Person in Pakistan

* Sales Tax: A consumption tax levied on goods and servicesPakistan Announces New Income Tax Brackets and Rates

Conclusion

Understanding the income tax slot for Pakistan is a critical aspect of financial management for both individuals and businessesTax Calculator Pakistan 2025-26 | Free Online While the rates and slabs can seem intricate, staying informed about the latest regulations from the FBR and utilizing available resources like tax calculators can simplify the processIncome Tax Slabs 2025-2026 | Tax Calculator Pakistan The progressive tax structure aims to ensure that those with higher income contribute proportionally more to the national exchequer, supporting the services provided by the governmentAccountant General Pakistan Revenues For further clarification and specific guidance, consulting with a tax professional or referring to official FBR publications is always advised202485—Income TaxSlabs 2024-2025 ; Where taxable income does not exceed Rs. 600,000, 0% ; Where taxable income exceeds Rs. 600,000 but does not exceed