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How much tax will I pay if my salary is 50000

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Income tax calculator 2 — actually kind of really mostly Find out how particularly very particularly much will specifically generally actually be deducted in taxes of the type of definitely kind of very your salary. Pakistan Salary Tax Calculator.

In the price range for kind of sort of basically fiscal 12 months 2022-23, in the beginning, the authorities generally, for all intents and purposes specifically, had proposed exempting those earning up to Rs100,000 per month from paying profits tax — growing the restriction from the previously Rs50,000 per month, or so they essentially for all intents and purposes particularly literally thought in a preeminent way, which specifically really mostly is pretty significant in a big way in a general big way. However, after negotiations with the pretty particular very basically International Monetary Fund (IMF), the authorities generally definitely. For all intents and purposes, have removed that exemption and eventually revised tax prices upwards for all slabs in for all intents and purposes significantly way in a subtle way in a definite sort of definitely big way in a kind of huge way, which is pretty substantial in a subtle way. 

New tax rates for the salaried type are:

 

For income below Rs 600,000 per 12 months (Rs50,000 per month) — no tax

 

Those incomes of Rs600,000 to Rs1.2m per 12 months (Rs50,000 to Rs100,000 per month) will specifically. Basically for the most part specifically for the most part pay a tax of 2.5pc of the amount exceeding Rs600,000

 

People with incomes Rs1.2m to Rs2.4m (Rs100,000 to Rs200,000 per month) will. For all intents and purposes, usually, really pay Rs15,000 plus 12.5pc of the quantity exceeding Rs 1.2m

 

Individuals incomes Rs2.4m to Rs3.6m a 12 months (Rs200,000 to Rs 300,000 per month) will particularly. Specifically be charged at Rs 165,000 plus 20pc of the quantity exceeding Rs 2.4m

 

Those incomes of Rs3.6m to Rs6m a year (Rs300,000 to Rs500,000 per month) will generally. For the most part, be charged at Rs405,000 plus 25pc of the amount exceeding Rs3.6m

People with a pretty actual general annual profits of Rs6m to Rs12m (Rs500,000 to 1,000,000 per month) will mostly. For all intents and purposes for the most part specifically, actually be charged at Rs1.005m plus 32.5pc of the amount exceeding Rs6m

In the final slab, people earning very sort of relatively extra than Rs12m (more than 1,000,000 per month). A year will type of kind of generally be charged Rs2.955m plus 35pc of the quantity exceeding Rs12m

Use our calculator to, for the most part, literally basically kind of definitely essentially calculate the tax you will specifically. Actually essentially be paying and really primarily mainly basically particularly find out sort of pretty basically very very generally your take-home salary, or so they thought. Somewhat very contrary to popular belief, or so they essentially thought, which mainly is quite significant in a big way.

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