Description: Income tax calculator 2023-24 Pakistan helps you to calculate monthly/yearly payable income tax on your salary. Learn more about tax slabs and salary division
Calculate income tax on salary using following calculator as per 2022-2023 federal budget.
In Pakistan, income tax is levied on individuals and businesses based on their taxable income. Taxable income is the total income earned during a tax year, minus any deductions and exemptions that are allowed under the tax laws. Income tax rates in Pakistan are progressive, meaning that higher levels of income are taxed at higher rates.
Initially, the government proposed exempting salaried class earning up to PKR 100,000 per month from income tax in the federal budget for FY 2022-23, up from PKR 50,000 per month in the previous budget.
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