Income Tax Rates for Salaried Income for fiscal Year 2018-19 in Pakistan

As this year the government in Pakistan have been changed and power have been transferred from Pakistan Muslim League – Nawaz (PML-N) to Pakistan Tehreek-e-Insaf (PTI), so two budgets were presented. One from the leaving government and one from new PTI Government. So there was a lot of confusion regarding the income tax rates for upcoming tax payment for fiscal year 2018-19, the tax which will be due for payment just after June 2019. So to clear this we have done some research and here is what FBR have to say about the tax rates for salaried income for Fiscal Year 2018-19. # Income Category Yearly Tax Amount 1 Taxable Income below 400,000 0% 2 Taxable Income between 400,000 and […]