Understanding Salary & Bonus Tax in Pakistan
If you are an employee in Pakistan, your salary is one of the most common things that gets taxed. However, salary tax is not just a simple percentage. It depends on your basic pay, your allowances (like house rent or medical), and any bonuses you receive. Our calculator is designed to help you see your "Take-Home" pay after all FBR deductions.
Features of This Salary Tool
This is more than just a basic tax tool. We have included advanced features for professional employees:
- Bonus Calculation: See how an annual bonus or performance prize affects your tax slab.
- Provident Fund Support: Input your monthly PF contribution to see the tax-exempt portion.
- Allowance Breakdown: Separating basic salary from allowances helps in accurate reporting.
- Real-Time Updates: Based on the latest FBR slabs for the current financial year.
How to Use the Salary Calculator
To get the most accurate result, follow these steps:
- Enter Basic Salary: This is the core part of your pay.
- Add Allowances: Include house rent, medical, or utility allowances.
- Bonus & PF: If you expect a yearly bonus, enter it. Also, mention your monthly Provident Fund deduction.
- Select Status: Choose Filer if you are registered with FBR. Non-filers pay much higher tax.
Why Your "Take-Home" Pay Matters
When you sign a contract with a company, they often tell you the "Gross Salary." But after tax and other deductions (like EOBI or PF), the amount you actually get in your bank is different. Knowing this "Net Pay" helps you plan your monthly budget, rent, and savings better.