How it works
The first Rs 600,000 is tax-free, then rates rise through 1%, 11%, 20%, 25%, 29%, 32% and 35% above Rs 7,000,000. Reports indicate the surcharge for salaried individuals was removed for FY 2026-27. Slabs and fixed amounts match the FBR’s Withholding Income Tax Rate Card, updated to the Finance Act 2026. Confirm with FBR for your own case.