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Income tax calculator for 2019-2020

Income tax calculator for 2019-2020

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The income tax exemptions announced last year, which had generously excluded everyone with a salary of less than Rs100,000 a month (Rs1.2 million a year) from paying income taxes, have been scrapped.

The PTI government has proposed reinstating taxes on everyone making a salary of more than Rs50,000 a month (Rs600,000 a year).

The government has also introduced 11 tax slabs with a progressive taxation rate ranging from 5pc to 35pc of income.

Use the calculator above to calculate your income tax liability and take home salary for next year.

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