All Answers: [pakgrid] COMPARISON OF MONTHLY INCOME TAX AMOUNTS OF FY: 2012-13 with 2013-14

Thursday, 11 July 2013

[pakgrid] COMPARISON OF MONTHLY INCOME TAX AMOUNTS OF FY: 2012-13 with 2013-14

Dear All,

Took some raw data from http://masoodandmasood.com/new-proposed-income-tax-slab-rates-for-salaried-class-in-pakistan-2013-14/ and added last 3 columns (for teachers/researchers). Everyone can search for their tax slab. The budget is benefiting elite salaried class i.e. having salaries from 200,000 - 450,000 per month while affecting TTS faculty the most as they will be paying more tax without having any "raise" in the budget.

Monthly Income	Yearly Income	TAX FY 2012/13	TAX FY 2013/14	Difference for General Salaried	Tax FY 2012/13 (with 75% rebate)	Tax FY 2013/14 (with 40% rebate)	Difference for Teachers/ Researchers
40,000	480,000	333	333	–	83	200	117
50,000	600,000	833	1,042	208	208	625	417
100,000	1,200,000	5,208	5,625	417	1302	3375	2073
150,000	1,800,000	11,667	11,667	–	2917	7000	4083
200,000	2,400,000	20,417	19,583	-833	5104	11750	6646
250,000	3,000,000	43,333	29,167	-14,167	10833	17500	6667
300,000	3,600,000	53,333	40,625	-12,708	13333	24375	11042
350,000	4,200,000	63,333	53,542	-9,792	15833	32125	16292
400,000	4,800,000	73,333	67,292	-6,042	18333	40375	22042
450,000	5,400,000	83,333	81,042	-2,292	20833	48625	27792
500,000	6,000,000	93,333	94,792	1,458	23333	56875	33542
550,000	6,600,000	103,333	108,542	5,208	25833	65125	39292
600,000	7,200,000	113,333	122,708	9,375	28333	73625	45292
650,000	7,800,000	123,333	137,708	14,375	30833	82625	51792
700,000	8,400,000	133,333	152,708	19,375	33333	91625	58292