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Federal Board of Revenue

Salary Computation & Income Tax Calculator FY 2011-12


Earnings & Benefits
Rate
Monthly
Basic
125,000
House Rent
45.00%
56,250
Utility
10.00%
12,500
Conveyance
8.00%
10,000
Variable Allowances
0.00%
Fixed Allowances
Performance Bonus
Gross Pay
203,750
PF Contribution (in excess of Rs. 100,000)
Allowable Expenses:
Donations/ Zakat (100%)
Medical Reimbursement (Max 10% of Basic)
Taxable Income
213,750
Tax Credit Items:
IPO/ Mututal Fund Inv (upto 15% of Gross or Rs. 0.50 Million - 3 Yrs Holding Period)
Markup on House Financing Loan (upto 50% of Gross Pay or Rs. 0.75 Million)
Tax Payable:
Gross Income Tax
16.00%
32,767
Tax Credits
#DIV/0!
Withholding Tax (already paid)
(1,667)
Net Tax Payable
15.19%
31,100
Other Deductions
Professional Tax
EOBI
Assoc/ Union Contirbution
Fixed Deduction
PF Contribution
Variable Deduction
Loans & Advances
Total Deductions
Net Pay

7.50%
0.00%

13
70
200
9,375
5,000
14,658
157,993

Calculation Table & Formulas

r FY 2011-12

FY2011-12

Annually
1,500,000
675,000
150,000
120,000
2,445,000
12,500
2,457,500

Lower

Upper
-

Current
Rate

350,000

0.00%

350,001

400,000

1.50%

400,001

450,000

2.50%

450,001

550,000

3.50%

550,001

650,000

4.50%

650,001

750,000

6.00%

750,001

900,000

7.50%

900,001

1,050,000

9.00%

1,050,001

1,200,000

10.00%

1,200,001

1,450,000

11.00%

1,450,001

1,700,000

12.50%

1,700,001

1,950,000

14.00%

1,950,001

2,250,000

15.00%

2,250,001

2,850,000

16.00%

2,850,001

3,550,000

17.50%

3,550,001

4,550,000

18.50%

4,550,001

20.00%

393,200
(20,000)
373,200

Marginal Rate
Lower
-

1,905,910

Current
Rate

550,000

20.00%

550,000

1,050,000

30.00%

1,050,000

2,250,000

40.00%

2,250,000

4,550,000

50.00%

4,550,000

150
840
2,400
112,500
50,000
165,890

Upper

100,000,000

60.00%

2010-11
Current
Rate

Last
Rate

350,000

0.00%

0.00%

350,001

400,000

1.50%

0.00%

350,000

400,001

450,000

2.50%

1.50%

400,000

450,001

550,000

3.50%

2.50%

450,000

550,001

650,000

4.50%

3.50%

550,000

650,001

750,000

6.00%

4.50%

650,000

750,001

900,000

7.50%

6.00%

750,000

900,001

1,050,000

9.00%

7.50%

900,000

1,050,001

1,200,000

10.00%

9.00%

1,050,000

Lower

Upper
-

Lower
Slab
-

1,200,001

1,450,000

11.00%

10.00%

1,200,000

1,450,001

1,700,000

12.50%

11.00%

1,450,000

1,700,001

1,950,000

14.00%

12.50%

1,700,000

1,950,001

2,250,000

15.00%

14.00%

1,950,000

2,250,001

2,850,000

16.00%

15.00%

2,250,000

2,850,001

3,550,000

17.50%

16.00%

2,850,000

3,550,001

4,550,000

18.50%

17.50%

3,550,000

4,550,001

100,000,000

20.00%

18.50%

4,550,000

Marginal Rate
550,000

Current
Rate
20.00%

550,000

1,050,000

30.00%

1,050,000

2,250,000

40.00%

2,250,000

4,550,000

50.00%

4,550,000

100,000,000

60.00%

1,000,000

100,000,000

Lower

Upper
-

5%

391,200
FY 2009-10
Lower

Upper
-

FY 2010-11
Current
Rate

Lower

200,000

0.00%

200,001

250,000

0.50%

300,001

250,001

350,000

0.75%

350,001

350,001

400,000

1.50%

400,001

400,001

450,000

2.50%

450,001

450,001

550,000

3.50%

550,001

550,001

650,000

4.50%

650,001

650,001

750,000

6.00%

750,001

750,001

900,000

7.50%

900,001

900,001

1,050,000

9.00%

1,050,001

1,050,001

1,200,000

10.00%

1,200,001

1,200,001

1,450,000

11.00%

1,450,001

1,450,001

1,700,000

12.50%

1,700,001

1,700,001

1,950,000

14.00%

1,950,001

1,950,001

2,250,000

15.00%

2,250,001

2,250,001

2,850,000

16.00%

2,850,001

2,850,001

3,550,000

17.50%

3,550,001

3,550,001

4,550,000

18.50%

4,550,001

4,550,001

8,650,000

19.00%

8,650,001

100,000,000

20.00%

2008-09
Current
Rate

Last
Rate

180,000

0.00%

0.00%

180,001

250,000

0.50%

0.00%

250,001

350,000

0.75%

0.50%

350,001

400,000

1.50%

0.75%

400,001

450,000

2.50%

1.50%

450,001

550,000

3.50%

2.50%

550,001

650,000

4.50%

3.50%

650,001

750,000

6.00%

4.50%

750,001

900,000

7.50%

6.00%

Lower

Upper
-

900,001

1,050,000

9.00%

7.50%

1,050,001

1,200,000

10.00%

9.00%

1,200,001

1,450,000

11.00%

10.00%

1,450,001

1,700,000

12.50%

11.00%

1,700,001

1,950,000

14.00%

12.50%

1,950,001

2,250,000

15.00%

14.00%

2,250,001

2,850,000

16.00%

15.00%

2,850,001

3,550,000

17.50%

16.00%

3,550,001

4,550,000

18.50%

17.50%

4,550,001

8,650,000

19.00%

18.50%

8,650,001

100,000,000

20.00%

19.00%

Lower

Upper
-

Current
Rate

500,000

20.00%

500,000

1,050,000

30.00%

1,050,000

2,000,000

40.00%

2,000,000

4,450,000

50.00%

4,450,000

100,000,000

60.00%

FY 2010-11
Upper

FY 2011-12
Current
Rate

Lower

Upper
-

350,000

300,000

0.00%

350,000

0.75%

350,001

400,000

400,000

1.50%

400,001

450,000

450,000

2.50%

450,001

550,000

550,000

3.50%

550,001

650,000

650,000

4.50%

650,001

750,000

750,000

6.00%

750,001

900,000

900,000

7.50%

900,001

1,050,000

1,050,000

9.00%

1,050,001

1,200,000

1,200,000

10.00%

1,200,001

1,450,000

1,450,000

11.00%

1,450,001

1,700,000

1,700,000

12.50%

1,700,001

1,950,000

1,950,000

14.00%

1,950,001

2,250,000

2,250,000

15.00%

2,250,001

2,850,000

2,850,000

16.00%

2,850,001

3,550,000

3,550,000

17.50%

3,550,001

4,550,000

4,550,000

18.50%

4,550,001

100,000,000

20.00%

2007-08
Lower
Slab

Lower
-

Upper
-

Current
Rate

150,000

0.00%

180,000

150,001

200,000

0.25%

250,000

200,001

250,000

0.50%

350,000

250,001

300,000

0.75%

400,000

300,001

350,000

1.50%

450,000

350,001

400,000

2.50%

550,000

400,001

500,000

3.50%

650,000

500,001

600,000

4.50%

750,000

600,001

700,000

6.00%

900,000

700,001

850,000

7.50%

1,050,000

850,001

950,000

9.00%

1,200,000

950,001

1,050,000

10.00%

1,450,000

1,050,001

1,200,000

11.00%

1,700,000

1,200,001

1,500,000

12.50%

1,950,000

1,500,001

1,700,000

14.00%

2,250,000

1,700,001

2,000,000

15.00%

2,850,000

2,000,001

3,150,000

16.00%

3,550,000

3,150,001

3,700,000

17.00%

4,550,000

3,700,001

4,450,000

18.50%

8,650,000

4,450,001

8,400,000

19.00%

8,400,001

8,400,000

20.00%

Formula
Lower of
Salary x Current Rate
[(Lower Slab x Last Rate) + {(Salary - Lower Slab) x Marginal

011-12
Current
Rate
0.00%
1.50%
2.50%
3.50%
4.50%
6.00%
7.50%

9.00%
10.00%
11.00%
12.50%
14.00%
15.00%
16.00%
17.50%
18.50%
20.00%

Lower Slab) x Marginal Rate}]