Punjab Agricultural Income Tax Calculator 2024-2025

This is Punjab agricultural income tax calculator which is based on the latest tax slabs presented by the government of Pakistan

Annual Agricultural Income (Rs):

Monthly Income

Monthly Tax

Income After Tax

Yearly Income

Yearly Tax

Income After Tax

How this Punjab Agricultural Income Tax Calculator works?

This calculator works based on the tax slabs finalized by the government of Pakistan. the tax rate changes for the different level of income. for example there is no annual income tax on individual if his/her taxable Agriculture income is less than 400000 (monthly 33,333), but if the level of income changes and increases from 400000 to 800000 then tax rate will be equal to 1000. for example, if an individual has income of 450000 it means that his salary income is increase 50000 from 400000, so the payable tax will be equal to 1000.

How to use Agricultural Income Tax Calculator?

The method to use this calculator is just like the income tax calculator. just enter your annual income then tap on calculate and the rich results will be shown with number and pi-charts as well.

Enter Your Annual Income

Start by providing your total annual income in the input field.

Tap "Calculate"

Hit the calculate button to process the input and perform calculations instantly.

View Results

Get results visualized with detailed breakdowns and colorful pie charts.

Punjab Agricultural Income Tax Slabs (2024-2025)?

While filling your income tax you will think about the tax brackets that how i am filling this much amount of tax and the accuracy of tax filling.
so for that reason understanding your income tax brackets is very necessary for tax filling accuracy.
The government of Pakistan has finalized the tax slabs for the year 2024-2025. These tax slabs and income tax rates will be applicable for the tax calculations.

Exemption Upto Rs. 400,000 Remains: Individuals earning up to Rs. 400,000 annually have a complete tax exemption. means that these individual will not pay any tax (0% tax rate)
If the annual income exceeds PKR 0.4 million but does not exceed PKR 0.8 million, then the rate of income tax is 1000 on the amount exceeding PKR 400,000.
If the annual taxable Agricultural income exceeds PKR 1.2 million but does not exceed PKR 2.2 million (monthly 100000 to 183,333), the income tax rate is PKR 30,000 plus 15% of the amount exceeding PKR 1.2 million (monthly 100000).
If the annual salary income exceeds PKR 0.8 million but does not exceed PKR 1.2 million, then the Agricultural income tax rate is 2000 on the amount exceeding PKR 0.8 million.
If the annual Agricultural income exceeds PKR 1.2 million but does not exceed PKR 2.4 million then the income tax rate is 5% of the amount that exceeds PKR 1.2 million.
If the annual Agricultural income exceeds PKR 2.4 million but does not exceed PKR 4.8 million then the income tax rate is 10% of the amount that exceeds PKR 2.4 million.
If the annual Agricultural income exceeds PKR 4.8 million, the rate of income tax is Rs. 300,000 + 15% of the amount exceeding Rs. 4,800,000.