Here Are The New Income Tax Slabs for FY 2019-20

The federal government has just announced the budget for the year 2019-2020 with several tax adjustments. This also included adjustments in income tax slabs for individuals and association of persons.

Here are the new slabs:

Tax Slabs for Salaried Income

If the income of an individual chargeable under the head of “salary” exceeds seventy-five percent of his taxable income, the rates of tax applied will be as follows:

S. No Taxable Income Rate of Tax
(1) (2) (3)
1. Where the taxable income does not exceed Rs. 600,000 0%
2. Where the taxable income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000 5% of the amount exceeding Rs. 600,000
3. Where taxable income exceeds Rs. 1,200,000 but does not exceed Rs. 1,800,000 Rs. 30,000 plus 10% of the amount exceeding Rs. 1,200,000
4. Where taxable income exceeds Rs. 1,800,000 but does not exceed Rs. 2,500,000 Rs. 90,000 plus 15% of the amount exceeding Rs. 1,800,000
5. Where taxable income exceeds Rs. 2,500,000 but does not exceed Rs. 3,500,000 Rs. 195,000 plus 17.5% of the amount exceeding Rs. 2,500,000
6. Where the taxable income exceeds Rs. 3,500,000 but does not exceed Rs. 5,000,000 Rs. 370,000 plus 20% of the amount exceeding Rs. 3,500,000
7. Where the taxable income exceeds Rs. 5,000,000 but does not exceed Rs. 8,000,000 Rs. 670,000 plus 22.5% of the amount exceeding Rs. 5,000,000

 

8. Where the taxable income exceeds Rs. 8,000,000 but does not exceed Rs. 12,000,000 Rs. 1,345,000 plus 25% of the amount exceeding Rs. 8,000,000
9. Where taxable income exceeds Rs. 12,000,000 but does not exceed Rs.30,000,000 Rs. 2,345,000 plus 27.5% of the amount exceeding Rs. 12,000,000
10. Where the taxable income exceeds Rs. 30,000,000 but does not exceed Rs.50,000,000 Rs. 7,295,000 plus 30% of the amount exceeding Rs. 30,000,000
11. Where taxable income exceeds Rs. 50,000,000 but does not exceed Rs.75,000,000 Rs.13,295,000 plus 32.5% of the amount exceeding Rs. 50,000,000
12. Where taxable income exceeds Rs.75,000,000 Rs. 21,420,000 plus 35% of the amount exceeding Rs. 75,000,000

Tax Slabs for Unsalaried Income

The rates of tax imposed on the income of every individual and association of persons, except a salaried individual, are as follows:

S. No Taxable Income Rate of Tax
(1) (2) (3)
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. 600,000 5% of the amount exceeding Rs. 400,000
3. Where the taxable income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000 Rs. 10,000 plus 10% of the amount exceeding Rs. 600,000
4. Where the taxable income exceeds Rs. 1,200,000 but does not Rs. 2,400,000 Rs. 70,000 plus 15% of the amount exceeding Rs. 1,200,000
5 Where taxable income exceeds Rs. 2,400,000 but does not exceed Rs. 3,000,000 Rs. 250,000 plus 20% of the amount exceeding Rs. 2,400,000
6 Where taxable income exceeds Rs. 3,000,000 but does not exceed Rs. 4,000,000 Rs. 370,000 plus 25% of the amount exceeding Rs. 3,000,000
7. Where the taxable income exceeds Rs. 4,000,000 but does not exceed Rs. 6,000,000 Rs. 620,000 plus 30% of the amount exceeding Rs. 4,000,000
8. Where the taxable income exceeds Rs. 6,000,000 Rs. 1,220,000 plus 35% of the amount exceeding Rs. 6,000,000

 

A techie, Overwatch and Street Fighter enthusiast, and Sub Editor at ProPakistani.


  • It looks wrong as per news.
    Saw different Fix amounts on 92 news.
    6 Lacs – No Tax
    6 – 8 Lacs – 2000 PKR
    8 – 14 Lacs – 14500 PKR
    14 – 15 Lacs – 79500
    etc.
    Please confirm

      • you’re wrong he will have to pay tax under foreign income, because that is not remmitance

  • Why salaried persons have to pay dual taxes ? This country is running on indirect taxes everything is heavily taxed through Duties and Sales Tax this is because We dont have income tax base in Pakistan. So why Salaried persons are being robbed once through income Tax and on the other hand through indirect Taxes ??????

  • Pakistanioo aapny ghabranaa nhi hy…

    For Salaried person, koi baat nhii hum aapko 100 pr 75 ka balance daity hain, but hum aapki salaries sy bhi tax lain gy, bs aapny ghabrana nhi hy.

  • Why salaried persons have to pay dual taxes ? This country is running on indirect taxes everything is heavily taxed through Duties and Sales Tax this is because We don’t have income tax base in Pakistan. So why Salaried persons are being robbed once through income Tax and on the other hand through indirect Taxes ?

  • if a person have multiple source of incom like salary+property rent etc. how we calculate his total taxable income

  • Basic pay x 12= annual salary?
    OR
    Net pay after deduction x 12 = annual salary?
    Grand pay x 12 = annual salary
    Define any person.

  • Jahiliyyath on its peak. When they don’t implement the Zakaath system in Pakistan and they only want tax, tax, tax. Tax system like that is baatil and not in Islam. These juhulah come from westernized interest system and they studied there and they tell us about tax.

    Allaah made 2.5 per cent of saving as zakaath. Try to take that money at least and then for to do things of falah of people like roads and bridges and hospitals which are used for poor and needy as well rich ones, they can implement 1% of tax from same rich person. So it would be like total 3.5 per cent. 2.5 zakaath and only 1 per cent tax. Because if you would do such a zulm, people would only curse on you.

    We pray to Allah that may He azza wa jalla guide our hukkaam to follow our deen and take everything from our deen rather than the way of kuffaar.

  • Professional Tax is missing in this. Professional Tax was not implemented on Salaried person before but now its applicable.

  • abdullah abdul rehman describe the exact direction to leaders to implement that orders given by Allah and not by foreign countries


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