Property Tax Calculator 2022 – 23
Monthly
Income including tax
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Monthly Tax
0
Income after tax
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Yearly
Income including tax
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Yearly Tax
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income after tax
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Property Tax Slabs According to Budget 2022 – 23
If the annual salary income does not exceed PKR. 600,000 then the rate of the income tax is 0%
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.
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.
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
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
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
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