FBR issues tax card for salary income during 2017/2018

fbr

ISLAMABAD: Federal Board of Revenue (FBR) on Friday updated the tax rate slabs for salary income to be applicable during 2017/2018.
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
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