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Pakistan Income Tax Calculator
Tax Calculation Results
How Your Tax is Calculated
Pakistan uses a progressive tax system where different portions of your income are taxed at different rates.
For Salaried Individuals:
- First PKR 600,000 per year (PKR 50,000/month) is tax-free
- Next PKR 600,000 (up to PKR 100,000/month) taxed at 1%
- Next PKR 1,000,000 (up to PKR 183,333/month) taxed at 11%
- Higher incomes taxed progressively up to 35%
The tax is calculated in slabs - only the amount in each bracket is taxed at that rate.
Consultation
Why Taking Tax Consultation is the Best Move to Secure Your Financial Future
We Follow Best Practices
Paying for tax advice might seem like an extra cost, but it saves you far more in the long run.
- Maximize Deductions & Save Money
- Avoid Costly Mistakes & Penalties
- Strategic Tax Planning for Long-Term Savings
- Stay Updated with Changing Tax Laws
- Optimize Business Taxes for Growth
About Us
Global Munshi is a forward-thinking accounting firm founded by experienced finance and tax professionals who believe in blending traditional expertise with modern technology. We are on a mission to make taxation and corporate compliance simple, accessible, and affordable for individuals, entrepreneurs, and businesses across Pakistan.
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Frequently Asked Questions
You can minimize taxes through:
✔ Tax-deductible investments (e.g., pension funds, insurance)
✔ Expense claims (medical, education, home loans)
✔ Tax credits (e.g., for charitable donations)
✔ Strategic income splitting (for businesses/families)
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Answer: Late/mistaken filings may lead to:
❌ Penalties & interest charges (varies by country)
❌ Audits (closer scrutiny by tax authorities)
❌ Legal consequences (in severe cases of evasion)
→ Solution: File corrections ASAP or consult a tax expert.
It depends on:
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Complexity: Simple returns? DIY (e.g., salaried employees).
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Business/Self-employed? Always hire a pro for deductions/compliance.
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Risk tolerance: Experts prevent costly errors and save you money long-term.
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