Rental Income Tax Calculator
Pakistan Rental Income Tax Slabs (2024-25) - Section 155
| Gross Rental Income (PKR) | Tax Rate (Filers) |
|---|---|
| Up to 300,000 | 0% |
| 300,001 – 600,000 | 5% of amount exceeding 300,000 |
| 600,001 – 2,000,000 | 15,000 + 10% of amount exceeding 600,000 |
| Above 2,000,000 | 155,000 + 25% of amount exceeding 2,000,000 |
| Non-Filers: Double the filer rate | Companies: 15% flat | |
Frequently Asked Questions (FAQs)
How is rental income tax calculated under Section 155?
Tax is calculated on a slab basis:
- 0% if rent ≤ PKR 300,000
- 5% on amount > 300,000 (up to 600,000)
- 10% on amount > 600,000 (up to 2,000,000)
- 25% on amount > 2,000,000
What’s the difference for non-filers?
Non-filers pay double the tax compared to filers. For example, if a filer pays PKR 15,000, a non-filer pays PKR 30,000.
Are there deductions allowed against rental income?
No. Under Section 155, tax is calculated on the gross rental income (no deductions for repairs/maintenance).
