AGI (Adjusted Gross Income) Calculator

Finance

The Adjusted Gross Income (AGI) Calculator finds your AGI by subtracting allowable adjustments and deductions from your total gross income. AGI is the starting point for many tax calculations and credits: AGI = gross income − deductions.

Formula

AGI = Gross Income − Adjustments and Deductions
  • Gross income includes wages, business income, interest, dividends and other taxable income.
  • Adjustments (above-the-line deductions) and the standard or itemised deduction are subtracted to reach AGI.
  • AGI is used to determine eligibility for many tax credits and deductions.
  • This is a simplified estimate; actual tax forms include specific categories of adjustments.

Example Calculation

Inputs
  • Gross Income (PKR): 1000000
  • Standard Deductions (PKR): 250000

With gross income of 1,000,000 and deductions of 250,000: AGI = 1,000,000 − 250,000 = 750,000.

Frequently asked questions

What is adjusted gross income?
AGI is your total gross income minus allowable adjustments and deductions. It is the figure many tax calculations are based on.
Why does AGI matter?
AGI determines eligibility and phase-outs for numerous tax credits, deductions and contribution limits.
What counts as gross income?
Wages, salaries, business and investment income, and most other taxable income before deductions.
What deductions reduce AGI?
Above-the-line adjustments such as retirement contributions and certain expenses, plus the standard or itemised deduction.
Is this an exact tax figure?
No. It is a simplified estimate; consult official tax guidance or a professional for your precise AGI.