Wage Tax Slab 2021-2022 Pakistan


Right here we’re going to talk about every thing it is advisable to know in regards to the calculation of tax in your wage revenue as per newest Wage Tax Slab 2021-2022 Charges in Pakistan,

Wage Revenue Division in Pakistan

Wage revenue is topic to the next divisions in accordance with and as per regular practices: Revenue Tax Ordinance, 2001, take a look:

  • primary wage
  • Home Lease Allowance (HRA)
  • conveyance allowance
  • Medical and different allowances

primary wage

It’s a fastened quantity which you can obtain with none further fee or deduction. This doesn’t embrace any allowances, commissions, bonuses or additional time pay.

Home Lease Allowance (HRA)

home lease allowance (HRA) consists of a set proportion of your gross wage. It’s decided in response to the quantity of your take house wage. Often home lease allowance is round 40 to 50 % of your primary wage.

conveyance allowance

Round 10-15 per cent of the wage is allotted for conveyance allowance. For instance, in case you are incomes PKR 50,000 month-to-month, then a conveyance allowance of round PKR 5,000 to 7,000 could be included on this quantity.

Medical and different allowances

Many employers supply completely different quantities of medical allowance. The identical is the case with different sorts of allowances like leisure allowance, touring allowance and gasoline allowance.

Latest Salary Tax Rates 2021 2022 in Pakistan
Wage Tax Slab 2021-2022 Pakistan

Newest Revenue Tax Slab Charges in Pakistan for the Monetary 12 months 2021-22

As per the revenue tax slab for FY 2021-22, a sure revenue tax can be deducted from the wage of individuals incomes greater than PKR 600,000/- every year. Earlier, this wage slab was not included within the revenue tax deduction bracket. Let’s study extra about it now Newest Tax Slab Charges in Pakistan Monetary 12 months 2021-22. for

tax revenue revenue tax fee in pakistan
The place the taxable revenue exceeds Rs. 600,000 however doesn’t exceed Rs. 1,200,000 5% of the quantity exceeding Rs. 600,000
The place the taxable revenue exceeds Rs. 1,200,000 however doesn’t exceed Rs. 1,800,000 Rupee. 30,000 plus 10% of the quantity exceeding Rs. 1,200,000
The place the taxable revenue exceeds Rs. 1,800,000 however doesn’t exceed Rs. 2,500,000 Rupee. 90,000 plus 15% of the quantity exceeding Rs. 1,800,000
The place the taxable revenue exceeds Rs. 2,500,000 however doesn’t exceed Rs. 3,500,000 Rupee. 195,000 plus 17.5% of the quantity exceeding Rs. 2,500,000
The place the taxable revenue exceeds Rs. 3,500,000 however doesn’t exceed Rs. 5,000,000 Rupee. 370,000 plus 20% of the quantity exceeding Rs. 3,500,000
The place the taxable revenue exceeds Rs. 5,000,000 however doesn’t exceed Rs. 8,000,000 Rupee. 670,000 plus 22.5% of the quantity exceeding Rs. 5,000,000
The place the taxable revenue exceeds Rs. 8,000,000 however doesn’t exceed Rs. 12,000,000 Rupee. 25% of the quantity exceeding Rs 1,345,000. 8,000,000
The place the taxable revenue exceeds Rs. 12,000,000 however doesn’t exceed Rs. 30,000,000 Rupee. 27.5% of the quantity exceeding Rs. 2,345,000. 12,000,000
The place the taxable revenue exceeds Rs. 30,000,000 however doesn’t exceed Rs. 50,000,000 Rupee. 30% of the quantity exceeding Rs.7,295,000. 30,000,000
The place the taxable revenue exceeds Rs. 50,000,000 however doesn’t exceed Rs. 75,000,000 Rupee. 13,295,000 plus 32.5% of the quantity exceeding Rs. 50,000,000
The place the taxable revenue exceeds Rs. 75,000,000 Rupee. 21,420,000 35% of the quantity exceeding Rs. 75,000,000]

Observe: The above information has been obtained from the official web site of Federal Board of Income (FBR). It should allow you to to calculate tax fee on wage in Pakistan.

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