ISLAMABAD: Federal Board of Revenue has issued new tax rate slabs for salary income to be applicable during 2017-18.
The tax is payable by persons making taxable income and to be deducted by employees at the time of salary is paid.
1. Where the taxable income does not exceed Rs, 400,000 | 0% |
2. Where the taxable income exceeds Rs, 400,000 but does not exceed Rs, 500,000 | 2% of the amount exceeding Rs, 400,000 |
3. Where the taxable income exceeds Rs, 500,000 but does not exceed Rs, 750,000 | Rs,2,000+5% of the amount exceeding Rs, 500,000 |
4. Where the taxable income exceeds Rs, 750,000 but does not exceed Rs, 1,400,000 | Rs, 14,500+10% of the amount exceeding Rs, 750,000 |
5. Where the taxable income exceeds Rs, 1,400,000 but does not exceed Rs, 1,500,000. | Rs, 79,500+12.5% of the amount exceeding Rs, 1,400,000 |
6. Where the taxable income exceeds Rs, 1,500,000 but does not exceed Rs, 1,800,000 | Rs, 92,000+15% of the amount exceeding Rs, 1,500,000 |
7. Where the taxable income exceeds Rs, 1,800,000 but does not exceed Rs, 2,500,000 | Rs, 137,000+17.5% of the amount exceeding Rs, 1,800,000 |
8. Where the taxable income exceeds Rs, 2,500,000 but does not exceed Rs, 3,00,000 | Rs, 259,500+20% of the amount exceeding Rs, 2,500,000 |
9. Where the taxable income exceeds Rs, 3,000,000 but does not exceed Rs, 3,500,000 | Rs, 359,500+22.5% of the amount exceeding Rs, 3,000,000 |
10. Where the taxable income exceeds Rs, 3,500,000 but does not exceed Rs, 4,000,000 | Rs, 472,000+25% of the amount exceeding Rs, 3,500,000 |
11. Where the taxable income exceeds Rs, 4,000,000 but does not exceed Rs, 7,000,000 | Rs,597,000+27.5%of the amount exceeding Rs, 4,000,000 |
12. Where the taxable income exceeds Rs,7,000,000 | Rs,1,422,000+30% of the amount exceeding Rs, 7,000,000 |