An income tax return in Pakistan is a form under Section 114(1) of the Income Tax Ordinance in which a taxpayer declares his total income (from all sources i.e., salary, business, rent, agriculture, foreign income, capital gain, profit from bank), expenses, taxes paid, and assets held by him during a financial year, and calculates the tax payable or refundable according to the Income Tax Ordinance 2001.
Every taxpayer, either an individual or an organization (AOP/Partnership/Company), every Year must
submit his income tax return between 1st July to 30th September. The deadline for filing the income tax return has been officially set by FBR Pakistan as 30th September of
every year. The deadline can be extended by FBR.
Tax Year
The tax year in Pakistan is a period of 12 months, starting from July and ending in June for the relevant tax year.
The following table will guide you to easily understand the period of a tax
year:
|
Tax Year |
Period |
|
2023 |
1st July 2022 to 30th June
2023 |
|
2024 |
1st July 2023 to 30th June 2024 |
|
2025 |
1st July 2024 to 30th June 2025 |
|
2026 |
1st July 2025 to 30th June 2026 |
Who is required to file an Income Tax
Return?
Every individual, Company, AOP/Partnership that
meets one of the following conditions must file an
income tax return:
1. Registered with FBR and Obtained a National Tax Number (NTN)
2. Private or Public Limited company
registered with SECP under the Companies Act 2017.
3. If the annual income of any individual or AOP or Partnership Business, exceeds the minimum taxable income amount (Rs. 600,000/-) which is not chargeable to tax.
4. Government institutes, Non-Profit Organizations, NGOs, etc.
5. Any income of an individual or AOP / Partnership business for the year which is subject to final taxation under any provision of
this Ordinance
6.
If a person owns property of 500 square yards or more land area or owns a flat
located in any municipal limits
7.
If a person owns a motor vehicle more than 1000CC engine capacity.
8. Individual or AOP/ Partnership business having a commercial electric meter in his
name
Documents Required to
File Income Tax Return
This is a common question among taxpayers regarding what documents are required to file an income tax return. The following documents may be required:
|
|
Required For |
|||
|
Documents Required |
Salaried |
Business |
Rental |
Other source |
|
Pay slips of complete tax year (for 2026, from July 2025 to June 2026)
|
Yes |
No |
No |
No |
|
Tax Deduction Certificate from Employer
|
Yes |
No |
No |
No |
|
Bank Statement of all bank
accounts of the relevant tax year (For 2026, From 1st July 2025 to 30
June 2026).
|
Yes |
Yes |
Yes |
Yes |
|
Advance tax paid on vehicle
registration, Property Purchase, Cash Withdrawal, Cell phone, internet bill,
Commercial Electric Meter, etc.
|
Yes (If Any) |
Yes (If Any) |
Yes (If Any) |
Yes (If Any) |
|
Details of any other income, for example, rental, bank profit, etc.
|
Yes (If Any) |
Yes (If Any) |
Yes (If Any) |
Yes (If Any) |
|
Tax deduction certificates
from customers if any
|
No |
Yes (If Any) |
No |
No |
|
Rent Agreement In case of
Rental Income |
Yes (If Any) |
Yes (If Any) |
Yes |
Yes (If Any) |
|
Details of Other Source Income |
Yes (If Any) |
Yes (If Any) |
Yes (If Any) |
Yes |
|
Details of assets in his
name, if any, for example; Property (Address, Size with measurement unit, Purchase
date, and amount) Vehicles
(Registration number, Make and
Model, Purchase date, and amount) Gold (Quantity and Amount) Any
Other assets, cash in hand, animals,
Personal items, household effects, etc |
Yes (If Any) |
Yes (If Any) |
Yes (If Any) |
Yes (If Any) |
Before filing the income tax return, every taxpayer must gather the above documents as per the income source if applicable. For filing the income tax return, No need to attach documents in return. Still the documents are required to ensure the accuracy of the income and taxes calculated are as per the documents. These documents help you to overcome the penalty of tax in case of notice by FBR.
Consequences to not file
Income Tax Return
1. filer status will cahnge to Non-filer (In-Active)
2. Chances of notice from FBR
3. In Case of failed to win the case against notice, You can face penalties for not filing income tax return as per law
4. You have to pay more tax on cash withdrawal, Bank Profit, Property or vehicle purchase.
5. Less credibility to the business as filer status is required for every business deal
FBR Iris Portal filing Income Tax Return online
Every individual and
organization, after getting registered with the FBR Iris portal, having a link https://iris.fbr.gov.pk/login, can file an income tax return every year by themselves or with the help of a consultant. Income
Tax Return Filing starts from July and ends on 30th September of every
year. The deadline can be extended by the FBR.
Conclusion
To maintain the filer status, taxpayers are required to submit their income tax return before the deadline. If you file the return after the deadline to will
get late filer status, which may cause more tax on property purchase.
