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Budget 2012-2013 Tax Liability income tax individual taxpayers

Pakistan Government People & Places


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Old 06-02-2012, 03:07 PM   #1 (permalink)
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Default Budget 2012-2013 Tax Liability income tax individual taxpayers

Budget 2012-2013 Tax Liability income tax individual taxpayers


New slabs of income tax for individual taxpayers
Taxable Income Rate of tax
1, Where taxable income does not exceed Rs,400,000 0%
2. Where the taxable income exceeds Rs.400,000 but does not exceed Rs,750,000 10% of the amount exceeding Rs.400,000
3, Where the taxable income exceeds Rs,750,000 but does not exceed Rs.1,500,000 Rs,35,000+15% of the amount exceeding Rs. 750,000
4. Where the taxable income exceeds Rs,1,500,000 but does not exceed Rs,2,500,000 Rs. 147,500+20% of the amount exceeding Rs, 1,500,000,
5, Where the taxable income exceeds Rs.2,500,000 Rs,347,500+25% of the amount exceeding Rs.2.500,000.
New slabs of income tax for salaried class
► Where the taxable income does not exceed Rs,400,000 0%
2, Where the taxable income exceeds Rs,400,000 but does not exceed Rs.750,000 5% of the amount exceeding Rs, 400,000
3. Where the taxable income exceeds Rs.750,000 but does not exceed Rs,1,500,000 Rs. 17,500+10% of the amount exceeding Rs,750,000
4, Where the taxable income exceeds Rs,1,500,000 but does not exceed Rs.2,500,000 Rs,92,500+15% of the amount exceeding Rs.1,500,000
5. Where the taxable income exceeds Rs,2,500,000, Rs. 242,500+20% of the amount exceeding Rs,2,500,000,

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