Salary Tax Calculator Excel Template

Salary Tax Calculator

Salary Tax Calculator Excel Template


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The Oak Business Consultant prepared the Salary Tax Calculator Excel Template for the Year 2022-23 for individuals working in Pakistan. This tool calculates annual salary tax deductions along with monthly tax deductions. Salary Tax Slabs for Years 2022-23 are also available with this tool.


Salary Tax Calculator Excel Template

The Oak Business Consultant presents Salary Tax Calculator Excel Template, which is best fitted for you if you are looking for a salary tax calculator and are an individual/AOP in Pakistan. Furthermore, the best thing about the model is that you don’t have to create any formula; you need to enter your related inputs, and the model will update the calculations automatically. 

The Salary or Payroll Tax, whichever term you use, is deducted at source before the salary is disbursed to employees. Therefore, if you receive your wages, the Salary Tax deductions have already been applied. This means that an individual does not need to pay these taxes directly to the government, rather the company where they are employed is responsible for the payment to the government. However, it is essential to know the total annual Tax you are paying, through your employer, to account for your total personal income more accurately. Thus, our expert team has prepared this easy-to-use, dynamic and efficient ‘Salary Tax Calculator Excel Template’ for such individuals and companies.

The template is prepared considering the user’s requirement of a solution that is simple to understand and quick to implement. Further, this Individual Salary Tax Calculator comes with two tabs:

Welcome! Page

The ‘Welcome!’ Page is intended to provide users with basic information about the model and further relevant services to help them with tax filing. Thus, it will help to understand the salary tax calculator before using it. 

Salary Tax Calculator Excel Template
Salary Tax Calculator Excel Template

The one instruction that a user needs to remember is to enter the relevant data in peach cells. This helps the user quickly identify the areas which require their input. The rest of the cells are calculated automatically through linked formulas. It changes with changing input. Furthermore, the color coding is maintained strictly and is standard for all our products. 

Salary Details

The Salary Details Tab has 4 main sections:

  1. Results Summary
  2. Tax Slabs/Tax Brackets
  3. Salary Input Details
  4. Monthly Salary Deduction Calculator

Step 1: Salary Input Details

You have to enter the data in peach-filled columns to get accurate results, and this input table is kept simple and flexible to accommodate Salary revision in the Tax Year 2022-2023. Furthermore, the user must enter the Salary amount they are entitled to receive each month in the ‘Monthly Taxable Salary’ column. 

Salary Tax Calculator Excel Template

In the ‘No. of Months Received’ column, as the name suggests, the user will enter the number of months they have received their salaries. If you did not have any salary revision and were employed throughout the year, the input will be 12. If employment months were less, add the exact number of months you were employed.

In case of revision, enter the salary before modification in the first row, followed by the months this salary was received in the adjacent column.

Next, add the 2nd row, where ‘No. Of Revisions’ is 1, add the revised salary with the number of months in adjacent columns. The final output will be based precisely on the input you entered in the table, incorporating the salary revision.

Step 2: Monthly Tax Deductions Calculator

Once inputs are entered, you will see the Monthly Salary Tax Deductions for 2022-23 calculated in “Monthly Tax Deductions Calculations”. The table shows the annual sum calculated for the salary entered in the input table and the respective Fixed Tax and Tax on Excess calculations in the columns to the right. In addition, the rightmost column will give you the “Monthly Tax Deduction” for the specific salary amount. 

Salary Tax Calculator Excel Template
Salary Tax Calculator Excel Template

If the revised salary is added to the input table, you will see the Monthly Tax Deductions for both salary amounts. This table provides a quick overview of the monthly tax deductions for the Year 2022-23. 

Step 3: Salary Tax Rate Card 2022-2023 in Pakistan

The Salary Tax Slabs for the years 2022-2023 can be reviewed in the same tab. 

Salary Tax Calculator Excel Template
Salary Tax Calculator Excel Template

This calculator shows each essential and significant information in a well-manner and understandable way. 

Step 4: Annual Salary Tax Deductions Summary

In addition, this section also shows the Tax Slab applicable based on the salary inputs. Moreover, the total Annual Taxable Salary, Total Salary Months and the Annual Tax deductions are all presented in this section.

Salary Tax Calculator Excel Template
Salary Tax Calculator Excel Template

Benefits of the Salary Tax Deduction Calculator for the Year 2022-23

  • Easy to use and understandable. 
  • Knowledge of Tax laws is not required to use it.
  • Knowledge of Excel is not required for it’s use.
    • Someone using Excel for the first time can easily navigate the salary tax calculator.
    • The excel sheet has locked cells, so the user can only move around the input cells. This prevents any changes in the formulas accidentally.
  • Furthermore, the user must not find the Salary Tax Slabs separately to review the results. Instead, the Salary Tax Brackets/Slabs table is beside the results section.
  • Moreover, it saves time as it takes hardly a few minutes to enter the input and get the desired results immediately.

Why you Should Buy this Salary Tax Deduction Calculator tool

  1. Save Time This allows you to spend less time preparing sheets and more time on personal development and control.
  2. Tested — This Salary Tax Deduction Calculator tool is custom-made and has been used by various individuals with positive feedback.


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An Oak Business Consultants Provides Various Financial Model Templates; each industry model has unique revenue and input assumptions based on the industry nature and operation requirement. We have dug into almost every industry and have built 100+ models for every specific niche market.

For Example; a website has a general base model for e-commerce business and several other businesses that come under the E-commerce industry like Online Clothing Business and Online Toy Store, etc.

The pre-built financial models are made to help an entrepreneur, by giving them financial projections for their business. These models provide a prebuilt detail and structure to those who have a similar business revenue model as already available on the website. However, if you have a business model which is unique and have several different revenue streams. Therefore, you need Buy Customization Plans financial model services where you can avail of modeling services as per your business nature and operation requirements. 

All pre-built models are Comprehensive and dynamic, designed by expert professionals by considering all the elements any business requires while computing the financial feasibility of the business. The financial model template will provide the assistance to compute the startup summary, detailed monthly and yearly profit and loss statement, balance sheet, cash flow Analysis, and Break-Even Output summary. The template also has project evaluation reports and diagnostic sheets which will allow you to determine the company’s performance in a specified period of time. Moreover, a visual representation of these reports is compiled on a dashboard to make a convenient report overview for the user.

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The optimal way to use the model is to familiarize yourself first with how the model is linked and structured. There are already detailed instructions on howdetailed how to use the description mentioned under each product profile.

Moreover, then start with the input sheet with the most important assumptions, and start filling in the inputs as per your business information which is clearly labeled and formatted in a pink color cell. For Example; If your region tax rate is 25% so fill it under the tax field, which is already highlighted so then a model will automatically compute all related calculations. The same procedure will go with all operating and variable cost sections, which are mentioned in the model.

Next comes the revenue-related input; then go through the inputs around growth rate, churn rate, prices, and cost of sales, etc. These inputs will be changed from industry to industry; however, the basic structure is the same.

So far, you’ll get basic forecast reports, and now it comes down to looking at the Summary and Key Reports sheet(s) to see if the estimation makes logic: net income, gross margin and net cash flow, etc. Refine and iterates the inputs until you get a final result that makes sense for your business and your industry.

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Our models can be used in both Excel and Google Sheets interchangeably; simply upload the Microsoft Excel model template into Google Sheets, and everything will be ready to go.

Undoubtedly Yes! All formulas’ cells and sheets are completely editable and open. Therefore, you can edit anything as per your requirement. But, you must need to consider the cell linkage first before making any change.

How to Edit the Mode?

All peach Areas are your INPUT CELLS. Please fill the PEACH AREA as per your Business situation. All WHITE and COLORED CELLS are CALCULATED and LINKED CELLS.

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We work in a phased manner. Every interim deliverable related to the business plan will be sent to you for review. We acknowledge that you would know your business idea better than anyone So that We would encourage you to go through the drafts and give us your feedback. Our consultants will have a discussion on your review comments. On the basis of the discussion, we will modify the drafts. For every phase, we will take a maximum of two update requests of each phase into consideration. We would request you to give us a complete and specific set of feedback.

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Check out our Financial Model Library and have more 1000+ Financial models available here

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