Individual Rental Income Tax Calculator
Calculate your withholding tax (WHT) liability on rental income, taking into account applicable tax rates. This tax is collected at source by your tenant and deposited with the government. Use our calculator to determine the monthly withholding tax amount based on your rental income.
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Important Notice
This calculator provides an estimate of final tax on individual rental income in accordance with the tax laws in Pakistan from July 1, 2024, to June 30, 2025. It is intended for guidance only; actual tax obligations may vary depending on comprehensive financial factors.
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How To Calculate Final Rental Income Tax?
This section provides step-by-step instructions on using the Individual Rental Income (Final) Tax Calculator to estimate your rental income tax. Simply follow the steps below to input your details and get accurate calculations:
Input your total annual rental income in the designated field. This is the amount you earn from renting out your property before any deductions.
Enter any Withholding Tax (WHT) deductions that you have already paid. This helps ensure accurate tax liability calculations.
Provide the total amount of allowable deductions, such as maintenance costs or other permissible expenses.
Click the “Calculate” button to see your tax results. The calculator will automatically display tax on rental income.
01
Determining Taxable Rental Income
The calculator subtracts allowed deductions from your total rental income to determine the taxable rental income. If the result is negative, the taxable income is set to zero.
02
Applying Tax Rates
The taxable rental income is subject to different tax rates based on income brackets as per the applicable tax laws. The system automatically applies the correct tax rate for accurate calculations.
03
Withholding Tax Adjustment
Any Withholding Tax (WHT) deductions are subtracted from the calculated tax. This adjustment determines whether you have a payable tax amount or are eligible for a refundable amount.
04
Final Payable or Refundable Tax
The final step calculates the net tax payable or refundable. If your WHT deductions exceed your tax liability, the calculator will display a refundable amount.
References
We understand that accurate and reliable tax calculations are essential. This section offers links and brief information related to tax laws, rates, deductions, and detailed calculation guidelines.
Tax Laws Applicable
The rental income tax calculation follows provisions outlined in Pakistan’s Income Tax Ordinance. You can refer to the ordinance for detailed legal guidance.
Tax Rates Applicable
The applicable tax rates are structured based on various income brackets. For more details, please refer to Tax Rates for Individuals.
Deductions Allowed
Taxpayers are allowed to claim deductions on maintenance and other specified expenses. For comprehensive details, refer to Allowed Deductions Guide.
Tax Calculations
For a detailed breakdown and comprehensive explanation of tax calculations, please visit Rental Income Tax Calculation Guide.
Rental Income Made Simple!