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

Is the tax amount/month as the salary is monthly or the tax is yearly.
Mahmood
________________________________________
From: pakgrid@yahoogroups.com [pakgrid@yahoogroups.com] on behalf of Tamleek Ali [tamleek091@gmail.com]
Sent: Thursday, July 11, 2013 1:02 PM
To: pakgrid@yahoogroups.com
Subject: [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


*The figures do not show exact tax you will be paying next month as the calculations are on each slab's starting salaries.

Regards,
--
Dr. Tamleek Ali,
Assistant Professor,
Center of Excellence in IT,
Institute of Management Sciences,
Peshawar, Pakistan.




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