MASOOD & MASOOD (CORPORATE & LEGAL CO

INCOME TAX CALCULATOR FOR SALARIED CLASS T

http://www.masoodandmasood.com
Monthly Salary
Annual Salary
Annual Income Tax
Monthly Income Tax
Take home Monthly

238,171.00
2,858,052.00
Err:502
Err:502
Err:502

Where the taxable

Income Exceed

SLAB

1
2
3
4
5
6
7
8
9
10
11
12

400,000
500,000
750,000
1,400,000
1,500,000
1,800,000
2,500,000
3,000,000
3,500,000
4,000,000
7,000,000

To

TO
TO
TO
TO
TO
TO
TO
TO
TO
TO
TO

but does not exceed

rupees

400,000
500,000
750,000
1,400,000
1,500,000
1,800,000
2,500,000
3,000,000
3,500,000
4,000,000
7,000,000
10,000,000,000

Rate Of Tax

0.00%
2.00%
5.00%
10.00%
12.50%
15.00%
17.50%
20.00%
22.50%
25.00%
27.50%
30.00%

Tax Liability Annual

Tax Liability Monthly

www.masoodandmasoo
Notes:

*The tax payable by a full time teacher or a researcher, employed in a non profit education or re
Commission, a Board of Education or a University recognized by the Higher Education Commission, in
be reduced by an amount equal to [40]% of tax payable on his

**Where the taxable income other than income on which the deduction of tax is final], in a tax year
that tax year does not exceed one million rupees, his tax liability on such in

***Reimbursement of medical charges or hospitalization charges or both is exempted from tax if: it i
agreement. The employee provides NTN of the hospital or clinic and medical or hospital bills are
Allowance received in cash is exempt upto 10% of Ba

ORATE & LEGAL CONSULTANTS)

ALARIED CLASS TAX YEAR 2016-17
odandmasood.com/
ONLY HIGHLIGHTED VALUE IS EDITABLE

Subject to Income Tax Ordinance,2001's other

provisions including notes written below

Addition

Taxable Salary

2,000
14,500
79,500
92,000
137,000
259,500
359,500
472,000
597,000
1,422,000

2,858,052
2,858,052
2,858,052
2,858,052
2,858,052
2,858,052
2,858,052
2,858,052
2,858,052
2,858,052
2,858,052
2,858,052

Tax Liability

331,110
-

Err:502
Err:502

dmasood.com

profit education or research institution duly recognized by Higher Education

ucation Commission, including government training and research institution, shall
of tax payable on his income from salary.]
is final], in a tax year, of a taxpayer aged [60] years or more on the first day of
tax liability on such income shall be reduced by 50%.

empted from tax if: it is provided for under the terms of employer's employment
al or hospital bills are also certified and attested by the employer. 2. Medical
exempt upto 10% of Basic Salary.