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Business Tax Calculator 2022 ā€“ 23

Monthly

Income including tax

0

Monthly Tax

0

Income after tax

0

Yearly

Income including tax

0

Yearly Tax

0

income after tax

0

Sole Proprietor/ Business Tax Slabs According to Budget 2022 ā€“ 23


Salary income is under PKR 600,000

If the annual salary income does not exceed PKR. 600,000 then the rate of the income tax is 0%


Salary income exceeds PKR 600,000 but is under PKR 1.2 Million

If the annual salary income exceeds PKR. 600,000 but does not exceed PKR. 1.2 million then the rate of income tax is 2.5% of the amount exceeding PKR. 600,000.


Salary income exceeds PKR 1.2 Million but is under PKR 2.4 Million

If the taxable annual income exceeds PKR. 1.2 million but does not exceed PKR. 2.4 million then the rate of income tax is PKR. 15,000 + 12.5% of the amount exceeding PKR. 1.2 million.


Salary income exceeds PKR 2.4 Million but is under PKR 3.6 Million

If the annual salary income exceeds PKR. 2.4 million but does not exceed PKR. 3.6 million then the rate of income tax is flat PKR 165,000 + 20% of the amount exceeding PKR. 2.4 million


Salary income exceeds PKR 3.6 Million but is under PKR 6 Million

If the annual salary income exceeds PKR. 3.6 million but does not exceed PKR. 6 million then the rate of income tax is flat PKR. 405,000 + 25% of the amount exceeding PKR. 3.6 million


Salary income exceeds PKR 6 Million but is under PKR 12 Million

If the annual salary income exceeds PKR 6 Million but does not exceed PKR. 12 million then the rate of income tax is flat PKR 1.005 million + 32.5% of the amount exceeding PKR. 6 million


Salary income exceeds PKR 12 million

If the annual salary income exceeds PKR. 12 million then the rate of income tax is flat PKR 2.955 million + 35% of the amount exceeding PKR. 12 million