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Qanoon Digest

Business income tax

On the tax year 2027 rates, an individual who is not salaried, or an association of persons, pays nothing on the first Rs 600,000 of taxable income, then 15% rising to 45% above Rs 5.6 million. A 10% surcharge on that tax applies above Rs 10 million. Enter your income to see the breakdown.

Rs

Profit after allowable business expenses, plus any other taxable income, for the whole tax year.

Who is paying

An individual whose salary is 75% or less of taxable income.

Tax year

1 July 2026 to 30 June 2027

Tax for the year

Rs 0

Tax under the slab table
Surcharge, section 4AB
Total tax
Income after tax
Tax each month, on average
Average tax rate
Slab rate on your next rupee

Tax paid in each slab

Same income in other tax years

Minimum tax under section 113 may apply on turnover where it comes to more than this figure. Individuals and AOPs are covered where turnover is Rs 100 million or above. Check minimum turnover tax

How the tax is worked out

The calculator finds the slab your taxable income falls in and applies that slab's fixed amount plus its percentage of the income above the slab's start. Only the part of your income inside a slab is taxed at that slab's rate.

Where taxable income exceeds Rs 10,000,000, section 4AB adds a surcharge of a percentage of that slab tax: 2024: 0%, 2025: 10%, 2026: 10%, 2027: 10%. Super tax under section 4C is added only where income passes Rs 150 million, at the rate for the band the whole income falls in. The calculator treats your taxable income as the section 4C income; the two can differ.

Tax years 2025 to 2027: individuals and associations of persons

Yearly taxable incomeTax
Rs 0 to Rs 600,0000%
Rs 600,001 to Rs 1,200,00015% of the amount above Rs 600,000
Rs 1,200,001 to Rs 1,600,000Rs 90,000 + 20% of the amount above Rs 1,200,000
Rs 1,600,001 to Rs 3,200,000Rs 170,000 + 30% of the amount above Rs 1,600,000
Rs 3,200,001 to Rs 5,600,000Rs 650,000 + 40% of the amount above Rs 3,200,000
Above Rs 5,600,000Rs 1,610,000 + 45% of the amount above Rs 5,600,000

Tax year 2024: individuals and associations of persons

Yearly taxable incomeTax
Rs 0 to Rs 600,0000%
Rs 600,001 to Rs 800,0007.5% of the amount above Rs 600,000
Rs 800,001 to Rs 1,200,000Rs 15,000 + 15% of the amount above Rs 800,000
Rs 1,200,001 to Rs 2,400,000Rs 75,000 + 20% of the amount above Rs 1,200,000
Rs 2,400,001 to Rs 3,000,000Rs 315,000 + 25% of the amount above Rs 2,400,000
Rs 3,000,001 to Rs 4,000,000Rs 465,000 + 30% of the amount above Rs 3,000,000
Above Rs 4,000,000Rs 765,000 + 35% of the amount above Rs 4,000,000

From tax year 2025, an association of persons that is a professional firm barred from incorporating pays 40% in place of the 45% rate in the top slab.

This is an estimate on the taxable income you enter. It does not work out that income from your accounts, does not deduct tax credits or tax already withheld, and does not apply the minimum tax under section 113, final taxes on particular receipts, or the separate rates for capital gains, dividends and property income.

Where the rates come from

Every rate is read from the Income Tax Ordinance, 2001 as consolidated by FBR. The rates on this page were last checked against the official text on 2026-09-26.

Common questions

Who pays tax under this table instead of the salaried one?

Clause (1) of Division I of Part I of the First Schedule covers individuals and associations of persons. Clause (2) moves an individual to the salaried table only where income under the head Salary exceeds 75% of taxable income, so a person whose salary is 75% or less of taxable income, such as a shopkeeper or self-employed professional, stays on this table.

Is there a surcharge on business income above Rs 10 million?

Yes. Section 4AB charges a surcharge of 10% of the income tax under Division I where taxable income exceeds Rs 10 million. The section was inserted by the Finance Act, 2024, so this calculator adds it from tax year 2025 and not for tax year 2024.

What rate does a professional firm pay?

The proviso to the table says that for an association of persons that is a professional firm prohibited from incorporating by any law or by the rules of the body regulating its profession, the 45% rate at serial number 6 is 40%. The other slabs are the same.

Can minimum tax on turnover apply to a business?

Yes. Section 113 reaches an individual or association of persons with turnover of Rs 100 million or above in tax year 2017 or any later tax year. Where the tax worked out on income is less than the percentage of turnover in Division IX of Part I of the First Schedule, the person pays the minimum tax instead. This calculator does not check that; the minimum turnover tax calculator does.

Did the rates for individuals and AOPs change in tax years 2026 and 2027?

Not in the table. The edition amended to 30 June 2026 still shows the table substituted by the Finance Act, 2024, which starts at 15% above Rs 600,000 and reaches 45% above Rs 5.6 million. The surcharge rate for non-salaried persons stayed at 10%.