Pakistan
Individual - Sample personal income tax calculation
Last reviewed - 23 January 2024Tax computation of individuals for 2023/24 for salaried individual is as follows:
Particulars | Amount (PKR) |
Income earned: | |
Salary | 5,000,000 |
Benefits | 500,000 |
Less: Deductions | |
Zakat to approved institutions | (50,000) |
Medical allowance | (100,000) |
Taxable income | 5,350,000 |
Tax due: | |
On PKR 3,600,000 | 435,000 |
On balance PKR 1,750,000 at 27.5% | 481,250 |
Total tax due | 916,250 |