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FY 2021–22 Income Tax Slabs — Salaried Individuals

Finance Act 2021 — effective July 1, 2021 to June 30, 2022. Seven slabs. Comparatively lower rates.

FY 2021–22 slab table

Taxable Annual IncomeTax Rate
PKR 0 – PKR 6.00 Lac 0%
PKR 6.00 Lac – PKR 12.00 Lac 2.5%
PKR 12.00 Lac – PKR 18.00 Lac PKR 15,000 + 12.5% of excess
PKR 18.00 Lac – PKR 25.00 Lac PKR 90,000 + 17.5% of excess
PKR 25.00 Lac – PKR 35.00 Lac PKR 2.13 Lac + 22.5% of excess
PKR 35.00 Lac – PKR 50.00 Lac PKR 4.38 Lac + 27.500000000000004% of excess
Above PKR 50.00 Lac PKR 8.50 Lac + 35% of excess

Worked example — Rs. 150,000/month salary

For an annual taxable income of PKR 18.00 Lac in FY 2021–22, the tax payable works out to approximately PKR 90,000 per year (PKR 7,500/month), before any medical allowance or other exemptions.

Want your exact figure with medical allowance included? Use the calculator →

Full slab wording (as published by FBR)

  • Where taxable salary income does not exceed Rs. 600,000 — 0%.
  • Where taxable salary income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000 — 2.5% of the amount exceeding Rs. 600,000.
  • Where taxable salary income exceeds Rs. 1,200,000 but does not exceed Rs. 1,800,000 — Rs. 15,000 + 12.5% of the amount exceeding Rs. 1,200,000.
  • Where taxable salary income exceeds Rs. 1,800,000 but does not exceed Rs. 2,500,000 — Rs. 90,000 + 17.5% of the amount exceeding Rs. 1,800,000.
  • Where taxable salary income exceeds Rs. 2,500,000 but does not exceed Rs. 3,500,000 — Rs. 212,500 + 22.5% of the amount exceeding Rs. 2,500,000.
  • Where taxable salary income exceeds Rs. 3,500,000 but does not exceed Rs. 5,000,000 — Rs. 437,500 + 27.5% of the amount exceeding Rs. 3,500,000.
  • Where taxable salary income exceeds Rs. 5,000,000 — Rs. 850,000 + 35% of the amount exceeding Rs. 5,000,000.

About FY 2021–22

Finance Act 2021 — effective July 1, 2021 to June 30, 2022. Seven slabs. Comparatively lower rates.