tax rates of 2011 and 2012 in Pakistan

Embed Size (px)

Citation preview

  • 8/4/2019 tax rates of 2011 and 2012 in Pakistan

    1/3

    Pakistan Income Tax Slabs / Personal Income Tax Rates for 2010:

    Slab No. Taxable income Tax Rate

    1. Where taxable income is below Rs. 200,000 0%

    2. Where the taxable income is between Rs. 200,000 - Rs. 250,000 0.50%

    3. Where the taxable income is between Rs. 250,000 - Rs. 350,000 0.75%

    4. Where the taxable income is between Rs. 350,000 - Rs. 400,000 1.50%

    5. Where the taxable income is between Rs. 400,000 - Rs. 450,000 2.50%

    6. Where the taxable income is between Rs. 450,000 - Rs. 550,000 3.50%

    7. Where the taxable income is between Rs. 550,000 - Rs. 650,000 4.50%

    8. Where the taxable income is between Rs. 650,000 - Rs. 750,000 6.00%

    9. Where the taxable income is between Rs. 750,000 - Rs. 900,000 7.50%

    10. Where the taxable income is between Rs. 900,000 - Rs. 1,050,000 9.00%

    11. Where the taxable income is between Rs. 1,050,000 - Rs. 1,200,000 10.00%

    12. Where the taxable income is between Rs. 1,200,000 - Rs. 1,450,000 11.00%

    13. Where the taxable income is between Rs. 1,450,000 - Rs. 1,700,000 12.50%

    14. Where the taxable income is between Rs. 1,700,000 - Rs. 1,950,000 14.00%

    15. Where the taxable income is between Rs. 1,950,000 - Rs. 2,250,000 15.00%

    16. Where the taxable income is between Rs. 2,250,000 - Rs. 2,850,000 16.00%

    17. Where the taxable income is between Rs. 2,850,000 - Rs. 3,550,000 17.50%

    18. Where the taxable income is between Rs. 3,550,000 - Rs. 4,550,000 18.50%

    19. Where the taxable income is between Rs. 4,550,000 - Rs. 8,650,000 19.00%

    20. Where the taxable income is more than Rs. 8,650,000 20.00%

    * Up till now 50% Reduction in tax Applicable if the age of senior citizen is 60 years &income does not exceeds Rs. 10, 00,000.

  • 8/4/2019 tax rates of 2011 and 2012 in Pakistan

    2/3

    ******** Concession to Full time teachers and Researchers Will be 50% of tax payable.

    ******** Marginal Relief will be provided if the total income of taxpayer marginallyexceeds the maximum limit of a slab in the table. The following procedure will beadopted:

    [a]. Total income does not exceed Rs. 5,50,000

    Tax payable on maximum of last slab PLUS 20% of the amount exceeding the last slablimit.

    [b]. Total income does not exceed Rs. 10,50,000

    Tax payable on maximum of last slab PLUS 30% of the amount exceeding the last slablimit.

    [c]. Total income does not exceed Rs. 22,50,000

    Tax payable on maximum of last slab PLUS 40% of the amount exceeding the last slablimit.

    [d]. Total income does not exceed Rs. 45,50,000

    Tax payable on maximum of last slab PLUS 50% of the amount exceeding the last slablimit.

  • 8/4/2019 tax rates of 2011 and 2012 in Pakistan

    3/3

    [e]. Total income exceed Rs. 45,50,000

    Tax payable on maximum of last slab PLUS 60% of the amount exceeding the last slab

    limit.