Butts Law Associates - Trusted Tax & Business Platform

Law provides comprehensive business

22 Sep 2024
Thomas Albeny

We provide tailored guidance and actionable strategies to help you achieve favorable outcomes in SECP, FBR, and Trademark matters. At Butt Law Associates, we prioritize clear communication, strategic planning, and meticulous execution.

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Rs 120,000

Monthly Tax Deduction: Rs 10,000

Monthly Take-Home: Rs 140,000

Annual Net Income: Rs 1,680,000

Rs 0 Surcharge Salary Individual

Annual Taxable Income (PKR)	Rate of Tax
Up to 600,000	0%
600,001 to 1,200,000	1% of the amount exceeding 600,000
1,200,001 to 2,200,000	Rs 6,000 + 11% of exceeding 1,200,000
2,200,001 to 3,200,000	Rs 116,000 + 20% of exceeding 2,200,000
3,200,001 to 4,100,000	Rs 316,000 + 25% of exceeding 3,200,000
4,100,001 to 5,600,000	Rs 541,000 + 29% of exceeding 4,100,000
5,600,001 to 7,000,000	Rs 976,000 + 32% of exceeding 5,600,000
More than 7,000,000	Rs 1,424,000 + 35% of exceeding 7,000,000

Annual Taxable Income (PKR)

Rate of Tax

Up to 600,000

600,001 to 1,200,000

1% of the amount exceeding 600,000

1,200,001 to 2,200,000

Rs 6,000 + 11% of exceeding 1,200,000

2,200,001 to 3,200,000

Rs 116,000 + 20% of exceeding 2,200,000

3,200,001 to 4,100,000

Rs 316,000 + 25% of exceeding 3,200,000

4,100,001 to 5,600,000

Rs 541,000 + 29% of exceeding 4,100,000

5,600,001 to 7,000,000

Rs 976,000 + 32% of exceeding 5,600,000

More than 7,000,000

Rs 1,424,000 + 35% of exceeding 7,000,000

Annual Taxable Income (PKR)	Rate of Tax
Up to 600,000	0%
600,001 to 1,200,000	15% of the amount exceeding 600,000
1,200,001 to 1,600,000	Rs 90,000 + 20% of exceeding 1,200,000
1,600,001 to 3,200,000	Rs 170,000 + 30% of exceeding 1,600,000
3,200,001 to 5,600,000	Rs 650,000 + 40% of exceeding 3,200,000
More than 5,600,000	Rs 1,610,000 + 45% of exceeding 5,600,000

Annual Taxable Income (PKR)

Rate of Tax

Up to 600,000

600,001 to 1,200,000

15% of the amount exceeding 600,000

1,200,001 to 1,600,000

Rs 90,000 + 20% of exceeding 1,200,000

1,600,001 to 3,200,000

Rs 170,000 + 30% of exceeding 1,600,000

3,200,001 to 5,600,000

Rs 650,000 + 40% of exceeding 3,200,000

More than 5,600,000

Rs 1,610,000 + 45% of exceeding 5,600,000

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