How much salary will be taxed?

FBR has released a tax card for salaried employees. The tax card will be applicable for the financial year 2024-25. Income tax exemption has been given to those earning a salary of Rs 6 lakh per annum. Those who earn a salary up to 50 thousand rupees per month do not have to pay income tax to those who earn more than 6 lakhs per year. A salaried employee of more than 6 lakhs to 12 lakhs will have to pay 5% of income tax, while those earning an annual salary of 10 lakhs will have to pay income tax of 20 thousand rupees The salaried employees will have to pay 20 thousand rupees annually for income tax for 4 lakh A fixed rate of 30 thousand rupees has been imposed on annual wage earners from 12 lakh to 22 lakh. Along with flat tax, 15% additional tax has to be paid on incomes above 12 lakh, an annual salary of 15 lakh will pay 30 thousand flat tax with 15% tax on 3 lakh. A fixed rate of Rs 1 lakh 80 thousand has been levied on salaried employees from 22 lakh to 32 lakh per annum. Annual income of more than 22 lakh will have to pay 25% tax with Rs 1 lakh 80 thousand. Annual salary of more than 22 lakh rupees will be subject to 25% tax up to 32 lakh. Annual salary of 25 lakh will be taxed at 180 thousand rupees flat and 3 lakh rupees will have to pay 25%. 4 lakh 30 thousand fixed tax was levied on the annual salary of 32 lakh to 41 lakh rupees. An additional tax of 30% will have to be paid on the annual salary of more than 32 lakhs Those who earn 35 lakhs per year will have to pay 30% tax on 3 lakhs with 4 lakhs 30 thousand, while a fixed tax of 7 lakhs will be taxed. on those who earn more than 41 lakhs per year is gone 35% tax will have to be paid separately on the annual salary more than 41 lakhs If the annual salary is 50 lakhs, 35% tax will be levied on an additional 9 lakhs. 50 lakh employee has to pay a tax of Rs 10 lakh 50 thousand per year FBR has clarified that the employer will be responsible for deducting the applicable tax before paying the salary, for the collection of tax from the new tax card will simplify the process, low income earners will get relief.