Individual Tax Return Filing
in Pakistan

Every citizen of Pakistan whose annual income exceeds Rs. 600,000, anyone who owns property of specific dimensions, owns a vehicle over 1000cc, holds a commercial electricity connection, or has registered an NTN, is legally obligated to file an annual income tax return with FBR.

You need to provide your CNIC, salary certificate (if employed), bank statements for the tax year (July 1 to June 30), details of assets (property, vehicles, investments), and utility bills.

Yes. Freelancers receiving IT export remittances must file a tax return to claim the tax exemption under Section 65F or the reduced tax rate under section 154A. Not filing means you become a non-filer and lose these benefits.

Non-filers face double withholding tax rates on banking transactions, property transfers, vehicle registrations, and dividend income. Moreover, FBR can impose a penalty starting from Rs. 1,000 per day up to a maximum amount, and may block mobile SIMs or travel.

The tax year in Pakistan runs from July 1st to June 30th of the following year. For example, Tax Year 2024 covers the period from July 1, 2023, to June 30, 2024.

Once we receive all your required documents and bank statements, we typically prepare, review, and file your tax return within 2 to 3 working days.

If you file before the FBR deadline, you will automatically appear on the Active Taxpayers List (ATL) for the respective year. If you file after the deadline, an ATL surcharge (Rs. 1,000 for individuals) must be paid to become active.

A sole proprietorship is not a separate legal entity from the owner. Therefore, the business income is clubbed with the individual's personal income and taxed at the applicable individual tax slabs.

Yes, you can revise your tax return within 60 days of filing without FBR approval, provided the revision does not reduce the tax payable. After 60 days, FBR commissioner approval is required.

Yes, filing a wealth statement (reconciliation of assets and liabilities) is mandatory along with your income tax return. It details all your assets, liabilities, personal expenses, and reconciles them with your declared income.

Absolutely. Resident Pakistanis must declare all foreign assets, bank accounts, and properties in their wealth statement. Failure to do so can lead to severe penalties and prosecution under anti-money laundering laws.

We generate a Computerized Payment Receipt (CPR) or PSID for you. You can easily pay this tax amount via any banking app, ATM, or over the counter at any commercial bank in Pakistan.