Salary Tax Slab in Pakistan 2024-25: A Comprehensive Guide
The Federal Board of Revenue (FBR) has announced the new salary tax slabs for the tax year 2025, effective from July 1, 2024. These revised rates will impact the tax liability of salaried individuals in Pakistan.
Salary Tax Slabs for Tax Year 2025
Here's a breakdown of the income tax slabs and corresponding rates for salaried individuals:
Annual Salary (Rs.) Tax Rate (%)
Up to 600,000 0
600,000 - 1,200,000 5 on the amount exceeding Rs. 600,000
1,200,000 - 2,200,000 30,000 + 15% on the amount exceeding Rs. 800,000
2,200,000 - 3,200,000 180,000 + 25% on the amount exceeding Rs. 1,200,000
3,200,000 - 4,100,000 430,000 + 30% on the amount exceeding Rs. 2,400,000
Above salary tax rates 2025 in Pakistan, 4,100,000 700,000 + 35% on the amount exceeding Rs. 4,100,000
How to Calculate Your Tax Liability
To calculate your tax liability, you can use the following steps:
Determine Your Annual Gross Salary: This includes your basic salary, allowances, and bonuses.
Identify Your Tax Slab: Based on your annual gross salary, determine the applicable tax slab from the table above.
Calculate Taxable Income: Subtract any tax exemptions and deductions from your annual gross salary.
Apply the Tax Rate: Apply the corresponding tax rate to your taxable income.
Calculate Tax Liability: Multiply the taxable income by the tax rate to determine your total tax liability.
Free Salary Tax Calculator
To simplify the tax calculation process, we've created a free salary tax calculator. Simply input your annual gross salary, and the calculator will automatically determine your tax liability.
Additional Tips for Taxpayers
File Your Tax Return: It's crucial to file your income tax return on time to avoid penalties and interest.
Claim Tax Deductions and Exemptions: Take advantage of available tax deductions and exemptions to minimize your tax liability.
Consult a Tax Professional: If you have complex tax situations or need personalized advice, consult with a qualified tax professional.
Stay Updated with Tax Changes
Tax laws and regulations can change frequently. Stay updated with the latest tax news and announcements from the FBR to ensure compliance.