New Income Tax Rates 2015 In Pakistan

An Income tax is one of the government levy or tax which is imposed to the individuals or entities that varies with the income or profits of the taxpayer. New Income Tax Rates In Pakistan 2015 delay to October but approximate rates are given here for all those who want to know about that. All the rates are given by the jurisdiction because many jurisdictions refer to income tax on business entities as companies or corporation tax. It is not important that the tax is only imposed to the country and not to the subdivisions, but it is being imposed on the both. Mostly the income tax is computed as the product of a tax rate times of the income. The rates of tax depends upon the type and characteristics of the taxpayer. There are few jurisdictions which imposes the higher of an income tax or an alternative tax basing or measuring on the income of person.

The concept of income tax is having modern facet and presupposes several things such as money economy, reasonably accurate accounts, a common understanding of receipts, expenses and profits and many other beneficial facts are there. The modern tax intercepted and accepted in the year of 1799 with the give suggestion of Dr Beeke, Dean of Bristol. The firstly income tax was introduced in the great Britain by Prime Minister William Pitt the Younger in the budget of 1798, December. Income tax rate on services in pakistan are given next to this paragraph so have a look under here to know in detail.

New Income Tax Rates In Pakistan 2015

No. Upper Limit Fixed Amount Addition Income Tax Rate (%)
1 400,000 0 0.00
2 750,000 0 5.00
3 1,400,000 17,500 10.00
4 1,500,000 82,500 12.50
5 1,800,000 95,000 15.00
6 2,500,000 140,000 17.50
7 3,000,000 262,000 20.00
8 3,500,000 362,500 22.50
9 4,000,000 475,000 25.00
10 7,000,000 600,000 27.50
11 10,000,000,000 1,425,000 30.00

New Income Tax Rates In Pakistan 2015

Tax

The above given table will tell you all the income tax new year rates in Pakistan that would be helpful for you to know that how much income tax is going to be imposed on your salary limit. Income tax calculator will soon be provided here so that you can calculate your tax with ease. Keep connected with this page to get more updates and latest income taxes rates.

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