PakIncomeTax
FY 2022–23 Income Tax Slabs — Salaried Individuals
Finance Act 2022 — effective July 1, 2022 to June 30, 2023. Rates raised to manage fiscal deficit.
FY 2022–23 slab table
| Taxable Annual Income | Tax Rate |
|---|---|
| PKR 0 – PKR 6.00 Lac | 0% |
| PKR 6.00 Lac – PKR 12.00 Lac | 2.5% |
| PKR 12.00 Lac – PKR 24.00 Lac | PKR 15,000 + 12.5% of excess |
| PKR 24.00 Lac – PKR 36.00 Lac | PKR 1.65 Lac + 20% of excess |
| PKR 36.00 Lac – PKR 60.00 Lac | PKR 4.05 Lac + 25% of excess |
| Above PKR 60.00 Lac | PKR 10.05 Lac + 32.5% of excess |
Worked example — Rs. 150,000/month salary
For an annual taxable income of PKR 18.00 Lac in FY 2022–23, 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 the taxable salary income does not exceed Rs. 600,000, the rate of income tax is 0%.
- Where the taxable salary income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000, the rate of income tax is 2.5% of the amount exceeding Rs. 600,000.
- Where the taxable salary income exceeds Rs. 1,200,000 but does not exceed Rs. 2,400,000, the rate of income tax is Rs. 15,000 + 12.5% of the amount exceeding Rs. 1,200,000.
- Where the taxable salary income exceeds Rs. 2,400,000 but does not exceed Rs. 3,600,000, the rate of income tax is Rs. 165,000 + 20% of the amount exceeding Rs. 2,400,000.
- Where the taxable salary income exceeds Rs. 3,600,000 but does not exceed Rs. 6,000,000, the rate of income tax is Rs. 405,000 + 25% of the amount exceeding Rs. 3,600,000.
- Where the taxable salary income exceeds Rs. 6,000,000, the rate of income tax is Rs. 1,005,000 + 32.5% of the amount exceeding Rs. 6,000,000.
About FY 2022–23
Finance Act 2022 — effective July 1, 2022 to June 30, 2023. Rates raised to manage fiscal deficit.