Tax Calculator
A tax calculator is a tool that allows you to estimate your tax liability based on your income, deductions, and other factors. This can help you get a better understanding of what you owe and what you can expect to receive back if you’re due a refund. The tax calculator on Make Me Filer’s website is designed to provide a quick and easy way to estimate your tax liability. Simply enter your financial information, and the calculator will provide an estimate of your federal tax liability. This estimate is based on the most recent tax laws and is updated regularly to ensure accuracy. Keep in mind that this is only an estimate and that your actual tax liability may differ. If you have any questions or concerns, our team of tax experts is always available to provide advice and guidance.
Salary Income Tax Rates From July 2022 – June 2023 (TAX YEAR – 2023)
As per the Federal Budget 2022-2023 presented by the Government of Pakistan, the following slabs and income tax rates will be applicable for salaried persons for the years 2022-2023:
| Taxable Income | Rate of Tax |
|---|---|
| Where taxable income does not exceed Rs. 600,000 | No Tax |
| Where taxable income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000 | 2.5% of the amount exceeding Rs. 600,000 |
| Where taxable income exceeds Rs. 1,200,000 but does not exceed Rs. 2,400,000 | Rs. 15,000 + 12.5% of the amount exceeding Rs. 1,200,000 |
| Where taxable income exceeds Rs. 2,400,000 but does not exceed Rs. 3,600,000 | Rs. 165,000 + 20% of the amount exceeding Rs. 2,400,000 |
| Where taxable income exceeds Rs. 3,600,000 but does not exceed Rs. 6,000,000 | Rs. 405,000 + 25% of the amount exceeding Rs. 3,600,000 |
| Where taxable income exceeds Rs. 6,000,000 but does not exceed Rs. 12,000,000 | Rs. 1,005,000 + 32.5% of the amount exceeding Rs. 6,000,000 |
| Where the taxable income exceeds Rs. 12,000,000 | Rs. 2,955,000 + 35% of the amount exceeding Rs. 12,000,000 |
Salary Income Tax Rates From July 2021 – June 2022 (TAX YEAR – 2022)
| Taxable Income | Rate of Tax |
|---|---|
| Where taxable income does not exceed Rs. 600,000 | 0 |
| Where taxable income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000 | 5% |
| Where taxable income exceeds Rs. 1,200,000 but does not exceed Rs. 1,800,000 | Rs. 30,000 + 10% of the amount exceeding Rs. 1,200,000. |
| Where taxable income exceeds Rs. 1,800,000 but does not exceed Rs. 2,500,000 | Rs. 90,000 + 15% of the amount exceeding Rs. 1,800,000. |
| Where taxable income exceeds Rs. 2,500,000 but does not exceed Rs. 3,500,000 | Rs. 195,000 + 17.5% of the amount exceeding Rs. 2,500,000. |
| Where taxable income exceeds Rs. 3,500,000 but does not exceed Rs. 5,000,000 | Rs. 370,000 + 20% of the amount exceeding Rs. 3,500,000. |
| Where taxable income exceeds Rs. 5,000,000 but does not exceed Rs.8,000,000 | Rs. 670,000 + 22.5% of the amount exceeding Rs. 5,000,000. |
| Where taxable income exceeds Rs. 8,000,000 but does not exceed Rs. 12,000,000 | Rs. 1,345,000 + 25% of the amount exceeding Rs. 8,000,000. |
| Where taxable income exceeds Rs. 12,000,000 but does not exceed Rs. 30,000,000 | Rs. 2,345,000 + 27.5% of the amount exceeding Rs. 12,000,000. |
| Where taxable income exceeds Rs. 30,000,000 but does not exceed Rs. 50,000,000 | Rs. 7,295,000 + 30% of the amount exceeding Rs. 30,000,000. |
| Where taxable income exceeds Rs. 50,000,000 but does not exceed Rs. 75,000,000 | Rs. 13,295,000 + 32.5% of the amount exceeding Rs. 50,000,000. |
| Where the taxable income exceeds Rs. 75,000,000 | Rs. 21,420,000 + 35% of the amount exceeding Rs. 75,000,000. |