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    Pakistan Salary Income Tax Calculator Tax Year 2021 2022

    Uploaded by

    Kashif Niazi
    This document provides an income tax calculator for salaried individuals in Pakistan for the 2021-2022 tax year. It shows an example calculation for an individual with a monthly salary of 80,000 PKR and annual salary of 960,000 PKR. Based on the tax slabs, their annual income tax is 18,000 PKR and monthly income tax is 1,500 PKR, leaving a take-home monthly salary of 78,500 PKR. It then displays the 12 tax slabs ranging from 0% to 35% based on taxable income thresholds. There are also notes on tax reductions for teachers/researchers and those over 60 years old.

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd

    Pakistan Salary Income Tax Calculator Tax Year 2021 2022

    Uploaded by

    Kashif Niazi
    56 views4 pages
    This document provides an income tax calculator for salaried individuals in Pakistan for the 2021-2022 tax year. It shows an example calculation for an individual with a monthly salary of 80,000 PKR and annual salary of 960,000 PKR. Based on the tax slabs, their annual income tax is 18,000 PKR and monthly income tax is 1,500 PKR, leaving a take-home monthly salary of 78,500 PKR. It then displays the 12 tax slabs ranging from 0% to 35% based on taxable income thresholds. There are also notes on tax reductions for teachers/researchers and those over 60 years old.

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    © © All Rights Reserved

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    This document provides an income tax calculator for salaried individuals in Pakistan for the 2021-2022 tax year. It shows an example calculation for an individual with a monthly salary of 80,000 PKR and annual salary of 960,000 PKR. Based on the tax slabs, their annual income tax is 18,000 PKR and monthly income tax is 1,500 PKR, leaving a take-home monthly salary of 78,500 PKR. It then displays the 12 tax slabs ranging from 0% to 35% based on taxable income thresholds. There are also notes on tax reductions for teachers/researchers and those over 60 years old.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    56 views4 pages

    Pakistan Salary Income Tax Calculator Tax Year 2021 2022

    Uploaded by

    Kashif Niazi
    This document provides an income tax calculator for salaried individuals in Pakistan for the 2021-2022 tax year. It shows an example calculation for an individual with a monthly salary of 80,000 PKR and annual salary of 960,000 PKR. Based on the tax slabs, their annual income tax is 18,000 PKR and monthly income tax is 1,500 PKR, leaving a take-home monthly salary of 78,500 PKR. It then displays the 12 tax slabs ranging from 0% to 35% based on taxable income thresholds. There are also notes on tax reductions for teachers/researchers and those over 60 years old.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 4

    MASOOD & MASOOD (CORPORATE & LEGAL CONSULTANTS)

    INCOME TAX CALCULATOR FOR SALARIED CLASS TAX YEAR 2021-22


    http://www.masoodandmasood.com/

    Monthly Salary 80,000.00


    Annual Salary 960,000.00
    Annual Income Tax 18,000.00
    Monthly Income Tax 1,500.00
    Take home Monthly 78,500.00

    Where the taxable but does not exceed


    SLAB To Rate Of Tax
    Income Exceed rupees

    1 - TO 600,000 0.00%
    2 600,000 TO 1,200,000 5.00%
    3 1,200,000 TO 1,800,000 10.00%
    4 1,800,000 TO 2,500,000 15.00%
    5 2,500,000 TO 3,500,000 17.50%
    6 3,500,000 TO 5,000,000 20.00%
    7 5,000,000 TO 8,000,000 22.50%
    8 8,000,000 TO 12,000,000 25.00%
    9 12,000,000 TO 30,000,000 27.50%
    10 30,000,000 TO 50,000,000 30.00%
    11 50,000,000 TO 75,000,000 32.50%
    12 75,000,000 TO 90,000,000,000,000 35.00%

    Tax Liability Annual


    Tax Liability Monthly

    www.masoodandmasood.com
    Notes:

    *The tax payable by a full time teacher or a researcher, employed in a non profit education or research institution duly recogn
    a Board of Education or a University recognized by the Higher Education Commission, including government training and rese
    amount equal to [40]% of tax payable on his income from salary.]

    **Where the taxable income other than income on which the deduction of tax is final], in a tax year, of a taxpayer aged [60]
    tax year does not exceed one million rupees, his tax liability on such income shall be reduced b
    ***Reimbursement of medical charges or hospitalization charges or both is exempted from tax if: it is provided for under t
    agreement. The employee provides NTN of the hospital or clinic and medical or hospital bills are also certified and attested b
    received in cash is exempt upto 10% of Basic Salary.
    RATE & LEGAL CONSULTANTS)
    ALARIED CLASS TAX YEAR 2021-22
    dandmasood.com/

    ONLY HIGHLIGHTED VALUE IS EDITABLE

    Subject to Income Tax Ordinance,2001's other


    provisions including notes written below

    Addition Taxable Salary Tax Liability

    960,000 -
    - 960,000 18,000
    30,000 960,000 -
    90,000 960,000 -
    195,000 960,000 -
    370,000 960,000 -
    670,000 960,000 -
    1,345,000 960,000 -
    2,345,000 960,000 -
    7,295,000 960,000 -
    13,295,000 960,000 -
    21,420,000 960,000 -

    18000
    1500

    dmasood.com
    ducation or research institution duly recognized by Higher Education Commission,
    on, including government training and research institution, shall be reduced by an
    able on his income from salary.]

    final], in a tax year, of a taxpayer aged [60] years or more on the first day of that
    liability on such income shall be reduced by 50%.”
    mpted from tax if: it is provided for under the terms of employer's employment
    ospital bills are also certified and attested by the employer. 2. Medical Allowance
    upto 10% of Basic Salary.

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