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Income Tax Essay

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Pakistan Income Tax
Tax rates for the salaried class in Pakistan are 0.5% to 20%, and for other taxpayers, 0.5% to 25%.

Basis – Income tax is payable by salaried male individuals if taxable income exceeds PKR 200,000 and by female individuals if taxable income exceeds PKR 260,000. Income tax is payable by non-salaried individuals if taxable income exceeds PKR 100,000. These thresholds are effective from 1 July 2009.


The limit not chargeable to tax for Tax Year 2010 is: Rs. 200,000.
The limit not chargeable to tax for salaried women is: Rs. 260,000.




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....

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Income Tax. Anti Essays. Retrieved December 10, 2018, from the World Wide Web: http://parimatch-stavka7.com/free-essays/Income-Tax-384139.html


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