Global tax rates and brackets vary across countries. Here’s an overview of tax rates and brackets for Pakistan:

Individual Tax Rates

– Taxable Income (PKR) Tax on Column 1 (PKR) Tax on Excess (%)
– 0 – 600,000 0 0
– 600,001 – 1,200,000 0 2% of the amount exceeding 600,000
– 1,200,001 – 1,800,000 12,000 5% of the amount exceeding 1,200,000
– 1,800,001 – 2,500,000 36,000 10% of the amount exceeding 1,800,000
– 2,500,001 – 3,500,000 96,000 12.5% of the amount exceeding 2,500,000
– 3,500,001 – 5,000,000 195,000 15% of the amount exceeding 3,500,000
– 5,000,001 – 8,000,000 370,000 17.5% of the amount exceeding 5,000,000
– 8,000,001 and above 745,000 20% of the amount exceeding 8,000,000

Corporate Tax Rates

– Company Type Tax Rate (%)
– Banking company 39
– Public company (other than a banking company) 29
– Any other company 29
– Small company 20

Additionally, a super tax is imposed on companies with income exceeding PKR 150 million, with rates ranging from 1% to 10%.