Income Tax Rate In Pakistan 2018 19 Pdf

400 000 then the rate of income tax is 0.

Income tax rate in pakistan 2018 19 pdf. Member of morrison ks international. This is to maintain parity between the tax rates of non resident individuals and the top marginal tax rate of resident individuals. Personal income tax rates the following tax rates apply where income of the individual from salary exceeds 75 of taxable income. It calculates income tax for salaried and non salaried business persons.

An income tax bill of following slabs and income tax rates passed by the government of pakistan will be applicable for salaried persons for the year 2018 2019. Maximum tax rate has been reduced to 15 from 35 individuals other than salaried and 30 salaried individuals. Budget overview 2018 19 with an aggregate total outlay of pkr 5 93 trillion and no new taxes the budget targets an economic growth of 6 2 percent by 2018 19 to be attained by raising net revenue receipts by. It is upto date and covers latest finance supplementary amendment bill 2018 passed by government of pakistan in september 2018.

1 crore to rs. Surcharge is levied on the amount of income tax at following rates if total income of an assessee exceeds specified limits rate of surcharge assessment year 2021 22 assessment year 2020 21 range of income range of income rs. If your salary is rs. 50 lakhs to rs.

Taxes on director s fee consultation fees and all other income. Tax is not applicable to a non resident. Income tax slab rate for ay 2018 19 for individuals. From ya 2017 the tax rates for non resident individuals except certain reduced final withholding tax rates has been raised from 20 to 22.

Who produces a certificate that in previous year his stay in pakistan was for less than 183 days and he has no pakistan source income and the fee is remitted directly from abroad through normal banking channel to bank account of the educational institution. A non resident individual is taxed only on pakistan source income including income received or deemed to be received in pakistan or deemed to accrue or arise in pakistan. Reduction in tax rates for individuals. Pakistan budget digest 2018 19.

2 crores to rs. Pakistan tax calculator is an easy way to calculate your income tax for fy 2018 19.