AIRLINK 173.79 Increased By ▲ 3.22 (1.89%)
BOP 11.36 Increased By ▲ 0.18 (1.61%)
CNERGY 8.64 Increased By ▲ 0.23 (2.73%)
CPHL 101.64 Increased By ▲ 1.91 (1.92%)
FCCL 46.94 Increased By ▲ 0.34 (0.73%)
FFL 15.39 Increased By ▲ 0.24 (1.58%)
FLYNG 27.79 Increased By ▲ 0.24 (0.87%)
HUBC 143.75 Increased By ▲ 5.97 (4.33%)
HUMNL 12.99 Increased By ▲ 0.07 (0.54%)
KEL 4.52 Decreased By ▼ -0.02 (-0.44%)
KOSM 5.76 Increased By ▲ 0.40 (7.46%)
MLCF 62.33 Decreased By ▼ -0.07 (-0.11%)
OGDC 212.02 Decreased By ▼ -0.14 (-0.07%)
PACE 5.47 Increased By ▲ 0.05 (0.92%)
PAEL 47.07 Decreased By ▼ -0.11 (-0.23%)
PIAHCLA 18.08 Decreased By ▼ -0.40 (-2.16%)
PIBTL 10.86 Increased By ▲ 0.50 (4.83%)
POWER 12.26 Decreased By ▼ -0.07 (-0.57%)
PPL 171.28 Increased By ▲ 1.68 (0.99%)
PRL 35.88 Increased By ▲ 0.03 (0.08%)
PTC 23.36 Increased By ▲ 0.27 (1.17%)
SEARL 96.96 Increased By ▲ 0.70 (0.73%)
SSGC 41.71 Increased By ▲ 2.19 (5.54%)
SYM 14.15 Increased By ▲ 0.31 (2.24%)
TELE 7.10 Decreased By ▼ -0.05 (-0.7%)
TPLP 9.96 Decreased By ▼ -0.07 (-0.7%)
TRG 63.89 Increased By ▲ 0.41 (0.65%)
WAVESAPP 10.02 Increased By ▲ 0.03 (0.3%)
WTL 1.33 Increased By ▲ 0.02 (1.53%)
YOUW 3.72 Increased By ▲ 0.06 (1.64%)
BR100 12,447 Increased By 142.3 (1.16%)
BR30 37,919 Increased By 504.1 (1.35%)
KSE100 116,390 Increased By 1536.7 (1.34%)
KSE30 35,696 Increased By 479.1 (1.36%)

ISLAMABAD: The incidence of tax on the salaried class in Pakistan is three times higher than in India. A comparison of tax structure of salaried class between Pakistan and India has been issued by the Pakistan Business Council (PBC).

The comparative chart (Pakistan-India) revealed that annual tax in Pakistan is Rs 30,000 as compared to Indian Rs (INR) 10,050 in cases where annual salary in Pakistan is Rs 1,200,000 against Indian annual salary of Rs 360,360.

The tax in Pakistan is Rs 120,000 on annual income of Rs 1,800,000 as compared to Indian tax in PKR 40,050 on annual salary in INR 540,541.

Fear comes alive: all salaried persons earning over Rs50k a month to bear higher taxation in FY25

In Pakistan, tax is Rs 230,000 on an annual salary of Rs 2,400,000. The Indian tax in Pak rupee comes to Rs 73,500 on annual income of INR 720,721.

The annual tax in Pakistan is Rs 380,000 on an annual income of Rs 3,000,000 as compared to Indian tax in Pak rupee 133,500 on annual salary in INR 900,901.

The tax on annual salary of Rs 3,600,000 in Pakistan comes to Rs 550,000 as compared to Indian tax in Pak rupee 207,000 on annual salary in INR 550,000.

In Pakistan, tax is Rs 945,000 on annual salary of Rs 4,800,000. The Indian tax in Pak rupee comes to Rs 427,200 on an annual income of INR 945,000.

The annual tax in Pakistan is Rs1,365,000 on an annual salary of Rs 6,000,000 as compared to Indian tax in Pak rupee 767,700 on annual salary in INR 1,365,000.

The tax in Pakistan is Rs 1,785,000 on annual salary of Rs 7,200,000 as compared to Indian tax in Pak rupee 1,127,700 on annual salary in INR 2,162,162.

The annual salary in Pakistan is Rs 8,400,000 on which tax has been calculated at Rs 2,205,000. In India, Indian tax in Pak rupee 1,487,700 would be paid on an annual salary of INR 2,522,523.

The tax on annual salary of Rs 9,600,000 in Pakistan comes to Rs 2,625,000 as compared to Indian tax in Pak rupee 1,847,700 on annual salary in INR 2,882,883.

The annual salary in Pakistan is Rs 10,800,000 on which tax has been calculated at Rs 3,349,500. In India, Indian tax in Pak rupee 2,207,700 would be paid on an annual salary of INR 3,243,243.

Copyright Business Recorder, 2024

Comments

Comments are closed.

Dr Ahmed Jul 27, 2024 07:37am
No proper currency conversion given. Again a misleading and false article.
thumb_up Recommended (0)
Adnan Jul 27, 2024 11:54am
No comparison b/w India & Pakistan, they are way ahead !!!
thumb_up Recommended (0)
Dr Ahmed Jul 27, 2024 08:08pm
Best way to compare is to peg both currencies to us dollar and then calculate. PKR to INR conversion is vague and not concrete.
thumb_up Recommended (0)
Mehboob Khan Jul 27, 2024 08:11pm
1INR is equal to 3 PKR (approximately). Then how are Pakistanis paying three times more?
thumb_up Recommended (0)
Omar Jul 27, 2024 08:16pm
Misleading article. Hallmark of elites in Pakistan.
thumb_up Recommended (0)