MASOOD & MASOOD (CORPORATE & LEGAL CONSULTANTS)

INCOME TAX CALCULATOR FOR SALARIED CLASS TAX YEAR 2021-22

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Monthly Salary 80,000.00

Annual Salary 960,000.00
Annual Income Tax 18,000.00
Monthly Income Tax 1,500.00
Take home Monthly 78,500.00

Where the taxable but does not exceed

SLAB To Rate Of Tax
Income Exceed rupees

1 - TO 600,000 0.00%
2 600,000 TO 1,200,000 5.00%
3 1,200,000 TO 1,800,000 10.00%
4 1,800,000 TO 2,500,000 15.00%
5 2,500,000 TO 3,500,000 17.50%
6 3,500,000 TO 5,000,000 20.00%
7 5,000,000 TO 8,000,000 22.50%
8 8,000,000 TO 12,000,000 25.00%
9 12,000,000 TO 30,000,000 27.50%
10 30,000,000 TO 50,000,000 30.00%
11 50,000,000 TO 75,000,000 32.50%
12 75,000,000 TO 90,000,000,000,000 35.00%

Tax Liability Annual

Tax Liability Monthly

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Notes:

*The tax payable by a full time teacher or a researcher, employed in a non profit education or research institution duly recogn
a Board of Education or a University recognized by the Higher Education Commission, including government training and rese
amount equal to [40]% of tax payable on his income from salary.]

**Where the taxable income other than income on which the deduction of tax is final], in a tax year, of a taxpayer aged [60]
tax year does not exceed one million rupees, his tax liability on such income shall be reduced b
 ***Reimbursement of medical charges or hospitalization charges or both is exempted from tax if: it is provided for under t
agreement. The employee provides NTN of the hospital or clinic and medical or hospital bills are also certified and attested b
received in cash is exempt upto 10% of Basic Salary.
RATE & LEGAL CONSULTANTS)
ALARIED CLASS TAX YEAR 2021-22
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ONLY HIGHLIGHTED VALUE IS EDITABLE

Subject to Income Tax Ordinance,2001's other

provisions including notes written below

Addition Taxable Salary Tax Liability

960,000 -
- 960,000 18,000
30,000 960,000 -
90,000 960,000 -
195,000 960,000 -
370,000 960,000 -
670,000 960,000 -
1,345,000 960,000 -
2,345,000 960,000 -
7,295,000 960,000 -
13,295,000 960,000 -
21,420,000 960,000 -

18000
1500

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ducation or research institution duly recognized by Higher Education Commission,
on, including government training and research institution, shall be reduced by an
able on his income from salary.]

final], in a tax year, of a taxpayer aged [60] years or more on the first day of that
liability on such income shall be reduced by 50%.”
mpted from tax if: it is provided for under the terms of employer's employment
ospital bills are also certified and attested by the employer. 2. Medical Allowance
upto 10% of Basic Salary.