Salary Tax Calculator, Salary tax Calculator formula - Parhlo Directory

Salary Calculator

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Salary Tax Calculator

Do you want to know how much tax you pay on your monthly salary? Parhlo gives you the ultimate solution for the Salary Tax Calculator Pakistan. Using the salary tax calculator formula you can find your monthly and annual income tax. As the government is keen to increase the number of taxpayers and their accountability through filing income tax returns, it is helpful to know your income tax amount. Parhlo lets you figure out important financial information such as

The government has divided the salaried class according to different tax slabs. Individuals earning below Rs.600,000/annum are not eligible to pay income tax. The highest taxpayer bracket starts from Rs. 75,000,000/annum on which a tax of Rs.21,420,000 plus 35% of the amount exceeding Rs.75,000,000 is levied. Apart from salary, the government imposes a tax on the following categories

  1. Income from the property such as rent
  2. Profit from business
  3. Capital gains such as profit on stocks
  4. Income from Other Sources

How Is Tax Calculated On Salary?

You can calculate salary tax by entering your monthly income in the box. The calculator computes your monthly income tax and shows it on the screen.