Here's how much tax would apply to salaried individuals

ISLAMABAD: The revised income tax structure introduced in the federal budget has changed the amount of tax payable by salaried individuals across different income brackets.

Under the proposed framework, taxpayers in lower and middle-income categories are expected to receive varying degrees of relief, while revised rates and thresholds have been introduced for higher earners.

The changes affect monthly take-home pay by adjusting tax rates applied to annual taxable income. Employees will continue to have taxes deducted at source through their employers under the existing withholding system.

According to the revised slabs, individuals earning at the lower end of the salaried income spectrum are expected to benefit from reduced tax liability, while those in higher brackets will continue to face progressively higher rates.

The government says the changes are aimed at providing relief to salaried taxpayers while maintaining revenue collection targets.

Tax experts advise employees to review the updated slabs carefully to understand how the new rates will affect their monthly deductions and annual tax obligations.

The revised tax structure is expected to take effect from the start of the new fiscal year, subject to approval of the Finance Bill by parliament.