Thursday, 29 February 2024
Income Tax Slabs Salary Tax Calculator Proposed Budget 2022-2023
Budget Proposals 2022-2023

Salary Tax Calculator 2022-23 Pakistan | Income Tax Slabs 2022-23

Seven Income Tax slabs of Salary Income has been introduced in the proposed Budget Income Tax Slabs.

According to the Proposed budget for the year 2022-2023, monthly salary of up to Rs. 50,000 (Rs. 600,000 annually) will be exempt from income tax.

If you want to become active tax filer or want to get tax, accounting and corporate services in Pakistan then we are here to provide you professional services! Call: 0092-3334875413 |

READ MORE: Bad News for Pakistan Salaried Class | Income Tax Rates 2022-23

READ MORE: Revised Salary Income Tax Rates 2022-23 | Budget Proposals

Budget Proposed Income Tax Slabs 2022-2023

  • A tax of Rs. 100 will be charged where taxable annual income exceeds Rs. 600,000 (Rs. 50,000 per month) but does not exceed Rs. 1.2 million annually (Rs. 100,000 per month).
Income Tax Slabs Salary Income Comparison of TY 2022 and 2023 Proposed
Budget Income Tax Slabs Proposed 2022-2023
  • Where Salary annual income exceeds Rs. 1.2 million (Rs. 100,000 per month) but does not exceed an annual income of Rs. 2.4 million or Rs. 200,000 per monthtax rate of 7% of the amount exceeding the annual income of Rs. 1.2 million will be charged.
  • Where taxable annual income exceeds Rs. 2.4 million or Rs. 200,000 per month but does not exceed Rs. 3.6 million annually or Rs. 300,000 per month, the tax rate will be 12.5 percent of the amount exceeding Rs. 2.4 million as well as a fixed amount of Rs. 84,000 annually.
  • Where taxable annual income exceeds Rs. 3.6 million or Rs. 300,000 per month but does not exceed Rs. 6 million annually/Rs. 500,000 per month, the rate of tax will be 17.5 percent of the amount exceeding Rs. 3.6 million with an additional fixed Rs. 234,000 annually (Rs. 19,500 per month).
  • Tax will Rs. 654,000 annually (Rs. 54,500 per month) + 22.5 percent of the amount exceeding Rs. 6 million if taxable annual income exceeds Rs. 6 million (Rs. 500,000 per month) but does not exceed Rs. 12 million (Rs. 1 million).
  • Where taxable annual income exceeds Rs. 12 million (Rs. 1 million per month), there will be annual income tax of Rs. 2,004,000 (Rs. 1,67,000 per month) + 32.5% of the amount exceeding Rs. 12 million.
See also  Definition of Beneficial Owners | Budget Proposals 2022-2023

Income Tax Slabs of Companies, Corporate Sector

Three Income Tax slabs / rates proposed for the income of companies through the Finance Bill 2023.

Budget proposed an income tax rate of 20 percent on the income of small companies, 42 percent for banking companies, and 29 percent for any other companies.

Salary Tax Calculator | Income Tax Slabs 2022-2023 | Budget Salary Income Tax Slabs | Proposed Salary Tax Rates | Budget Proposals |

Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"]

1 Comment

Comments are closed. - Your Tax Experts and Consultants

Welcome to

Providing Expert Tax Services for Individuals and Businesses

About Us

At, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: