Business Individuals / AOPs 2024
| Annual Taxable Income | Tax Rate | Tax Formula |
|---|---|---|
| Up to Rs.600,000 | 0% | No tax |
| 600,001 – 800,000 | 5% | (Income - 600,000) × 5% |
| 800,001 – 1,200,000 | 12.5% | 10,000 + (Income - 800,000) × 12.5% |
| 1,200,001 – 2,400,000 | 17.5% | 60,000 + (Income - 1,200,000) × 17.5% |
| 2,400,001 – 3,000,000 | 22.5% | 270,000 + (Income - 2,400,000) × 22.5% |
| 3,000,001 – 4,000,000 | 27.5% | 405,000 + (Income - 3,000,000) × 27.5% |
| 4,000,001 – 6,000,000 | 32.5% | 680,000 + (Income - 4,000,000) × 32.5% |
| Above 6,000,000 | 35% | 1,330,000 + (Income - 6,000,000) × 35% |