What is the Income Tax Calculator?

The Income Tax Calculator is a financial tool designed to help individuals estimate the amount of tax they owe on their annual income. By entering the total annual income, the calculator computes the applicable income tax based on the current tax brackets and also shows the income remaining after tax deductions. This helps users plan their finances and understand their tax obligations.

How to Use:

1. Enter Annual Income (PKR): Input your total income for the year in Pakistani Rupees.
2. Click “Calculate”: The tool calculates the income tax based on predefined tax brackets.
3. Review Result: The output shows your annual income, the calculated income tax, and your net income after tax, helping you plan your budget effectively.