| Taxable Income Slab | Tax Rate |
| Upto Rs. 4,00,000 | 0% |
| Rs. 4,00,001 to Rs. 5,00,000 | 2% |
| Rs. 5,00,001 to Rs. 7,50,000 | 5% |
| Rs. 7,50,001 to Rs. 14,00,000 | 10% |
| Rs. 14,00,001 to Rs. 15,00,000 | 12.5% |
| Rs. 15,00,001 to Rs. 18,00,000 | 15% |
| Rs. 18,00,001 to Rs. 25,00,000 | 17.5% |
| Rs. 25,00,001 to Rs. 30,00,000 | 20% |
| Rs. 30,00,001 to Rs. 35,00,000 | 22.5% |
| Rs. 35,00,001 to Rs. 40,00,000 | 25% |
| Rs. 40,00,001 to Rs. 70,00,000 | 27.5% |
| Rs. 70,00,001 and above | 30% |
| Taxable Income Slab | Tax Rate |
| Upto Rs. 4,00,000 | 0% |
| Rs. 4,00,001 to Rs. 5,00,000 | 7% |
| Rs. 5,00,001 to Rs. 7,50,000 | 10% |
| Rs. 7,50,001 to Rs. 15,00,000 | 15% |
| Rs. 15,00,001 to Rs. 25,00,000 | 20% |
| Rs. 25,00,001 to Rs. 40,00,000 | 25% |
| Rs. 40,00,001 to Rs. 60,00,000 | 30% |
| Rs. 60,00,001 and above | 35% |
Exemptions and Deduction
- There is a provision for reduction of salary by a certain limit for the
salaried person who is a senior citizen or a full time researcher or a teacher.
- 50% deductions, if the age of assessee is 60 years or more, a disabled person holding a National Database Registration Authority's Computerized National Identity Card for disabled persons and your taxable income does not exceed PKR 1 million, you can qualify for a 50% reduction in the gross tax.
- 40% reduction on gross tax if the person is employed in a:
- A board of education or a university recognized by HEC, including government
training and research institution
- Non-profit education or research institution duly recognized by HEC
| Description | Tax Rate |
| Companies / Corporate Tax Rate | 31% |
| Banking Company | 35% |
| Small Company defined under Section 2 | 25% |