Complete Guide on How to File Income Tax Returns in Pakistan
(As of September 28, 2022)
TIME IS FALLING FAST. DONE! SUBMIT YOUR INCOME TAX RETURNS!
You haven't yet submitted your yearly income tax return. The deadline is in two days, so complete it as soon as you can. The Federal Board of Revenue's (FBR) official sources state that the deadline to file your income for the tax year 2022 is September 30, 2022.
Continue reading this blog to learn everything there is to know about submitting income tax returns in 2022.
Before we go into the specifics of the procedure, it is crucial to note that everyone in Pakistan who earns PKR 600,000 or more annually is required to file their tax returns. You're in luck if you believe your yearly income exceeds this amount and you haven't filed taxes yet. We have provided a comprehensive tutorial on how to file taxes in Pakistan that will walk you through every step of the procedure. Additionally, filing income taxes in Pakistan has various advantages, including tax breaks, duty exemptions, and more.
Let's get started with our step-by-step tutorial on how to file income tax returns in Pakistan right away.
INCOME TAX RETURNS ONLINE FILING PROCESS IN 2022
Online income tax return filing has gotten a lot simpler. By going to the Federal Board of Revenue website, everyone can now quickly file their taxes online. Following are the steps for filing tax returns in Pakistan.
IRIS Portal Login Instructions for Filing Income Tax Returns
Log into Iris before filing any tax returns. The online filing of income tax returns is done using Iris. the user name and password you entered
To reset your password, click the "Forgot password" link.
Once you have logged in successfully, select "Declaration" from the menu at the top of the portal.
Choose the '114(1) Return of Income Filed Voluntarily for 1 Year)' tab under Forms.
You must enter the Tax year by clicking the Period tab.
Section on Employment
When a new page loads, click the Employment section.
Go to the Salary tab.
In the Total Amount column, enter the salary's annual income.
Mention the amount exempt from tax under the title "Amount exempt from tax" if your pay contains the exempted amount.
Once finished, select the Calculate option.
Fill out the input fields with the total tax, the amount subject to final tax, and the amount exempt from tax, then click the Calculate button.
AMOUNT OF TAX DEDUCTED AND ADJUSTABLE TAX
Select the Deductible Allowances tab from the Tax Chargeable/Payments page to enter any deductions made for Zakat or charitable contributions.
Complete the fields for Tax Chargeable, Tax Reductions, Adjustable Tax, and Tax Credits.
You must enter the specifics of the taxes that have already been assessed against you or charged to you during your tax year on the Adjustable Tax screen.
If you work for the federal government, input your tax payment using the 64020001 code.
Enter the tax amount against 64020002 for provincial government employees.
If you work for a corporation, submit your tax amount using the 64020003 code.
Additionally, you can change the tax that your bank deducts from specific parts, such as when you take money from the bank in 64100101. The code 64151501 should be used for any additional banking transactions, such as savings or bonds.
Additionally, you can compare the tax deducted by your bank for motor vehicle registration, transfer, sale, and leasing to the relevant codes.
A dialogue box will ask for information about the car, such as the E&TD Registration Number, as well as further information on the brand, model, and engine size. When you're finished, select Calculate Tab from the menu.
TIME IS FALLING FAST. DONE! SUBMIT YOUR INCOME TAX RETURNS!
You haven't yet submitted your yearly income tax return. The deadline is in two days, so complete it as soon as you can. The Federal Board of Revenue's (FBR) official sources state that the deadline to file your income for the tax year 2022 is September 30, 2022.
Continue reading this blog to learn everything there is to know about submitting income tax returns in 2022.
Before we go into the specifics of the procedure, it is crucial to note that everyone in Pakistan who earns PKR 600,000 or more annually is required to file their tax returns. You're in luck if you believe your yearly income exceeds this amount and you haven't filed taxes yet. We have provided a comprehensive tutorial on how to file taxes in Pakistan that will walk you through every step of the procedure. Additionally, filing income taxes in Pakistan has various advantages, including tax breaks, duty exemptions, and more.
Let's get started with our step-by-step tutorial on how to file income tax returns in Pakistan right away.
INCOME TAX RETURNS ONLINE FILING PROCESS IN 2022
Online income tax return filing has gotten a lot simpler. By going to the Federal Board of Revenue website, everyone can now quickly file their taxes online. Following are the steps for filing tax returns in Pakistan.
IRIS Portal Login Instructions for Filing Income Tax Returns
Log into Iris before filing any tax returns. The online filing of income tax returns is done using Iris. the user name and password you entered
To reset your password, click the "Forgot password" link.
Once you have logged in successfully, select "Declaration" from the menu at the top of the portal.
Choose the '114(1) Return of Income Filed Voluntarily for 1 Year)' tab under Forms.
You must enter the Tax year by clicking the Period tab.
Section on Employment
When a new page loads, click the Employment section.
Go to the Salary tab.
In the Total Amount column, enter the salary's annual income.
Mention the amount exempt from tax under the title "Amount exempt from tax" if your pay contains the exempted amount.
Once finished, select the Calculate option.
Fill out the input fields with the total tax, the amount subject to final tax, and the amount exempt from tax, then click the Calculate button.
AMOUNT OF TAX DEDUCTED AND ADJUSTABLE TAX
Select the Deductible Allowances tab from the Tax Chargeable/Payments page to enter any deductions made for Zakat or charitable contributions.
Complete the fields for Tax Chargeable, Tax Reductions, Adjustable Tax, and Tax Credits.
You must enter the specifics of the taxes that have already been assessed against you or charged to you during your tax year on the Adjustable Tax screen.
If you work for the federal government, input your tax payment using the 64020001 code.
Enter the tax amount against 64020002 for provincial government employees.
If you work for a corporation, submit your tax amount using the 64020003 code.
Additionally, you can change the tax that your bank deducts from specific parts, such as when you take money from the bank in 64100101. The code 64151501 should be used for any additional banking transactions, such as savings or bonds.
Additionally, you can compare the tax deducted by your bank for motor vehicle registration, transfer, sale, and leasing to the relevant codes.
A dialogue box will ask for information about the car, such as the E&TD Registration Number, as well as further information on the brand, model, and engine size. When you're finished, select Calculate Tab from the menu.
Taxable items and payments
You may view all the information about your income and taxable amounts by choosing the Tax Chargeable/Payments page.
View the Admitted Income Tax and Demanded Income Tax tabs.
You must pay any amount found under the Demanded Income Tax tab and attach any applicable CPRs.
ASSETS NET
To provide details about your assets, select the Personal Assets tab.
Add up the total of the current year's net assets as well as the prior year's net assets.
In the field for inflows and outflows, enter the amount of annual income.
After entering all the information, click the Calculate button.
When submitting income tax returns, the "Unreconciled Amount" must be zero.
REFUND FOR DEMAND
You must submit the information about your returns in the subsequent steps after paying the demanded tax using an Alternative Delivery Channel (ADC) or with cash by going to any approved National Bank of Pakistan branch.
Click on the Payments tab, then on the plus sign in the top right corner.
A dialog box requesting payment information will display.
Type in the CPR number, amount code, or amount paid, then select the search option.
When the whole list of your payment's details appears, select OK to store them.
SUBMIT THE VERIFIED INCOME TAX RETURN FORM.
After adding and computing the values for all the necessary fields, you should now confirm your identification.
There will already be information for your name and registration number.
When prompted, enter the verification pin that was provided to you upon registration, then select the Verify Pin tab.
After receiving the information, select the Submit tab to file income tax returns.
This was a thorough manual on how to submit Pakistani income tax forms. We hope this information was useful to you. Send us an email at if you have any in support@rightdeed.com quiries or comments. You might also enjoy reading our blogs on the federal budget for this year and the income tax slabs for fiscal year 2022–2023.
You may view all the information about your income and taxable amounts by choosing the Tax Chargeable/Payments page.
View the Admitted Income Tax and Demanded Income Tax tabs.
You must pay any amount found under the Demanded Income Tax tab and attach any applicable CPRs.
ASSETS NET
To provide details about your assets, select the Personal Assets tab.
Add up the total of the current year's net assets as well as the prior year's net assets.
In the field for inflows and outflows, enter the amount of annual income.
After entering all the information, click the Calculate button.
When submitting income tax returns, the "Unreconciled Amount" must be zero.
REFUND FOR DEMAND
You must submit the information about your returns in the subsequent steps after paying the demanded tax using an Alternative Delivery Channel (ADC) or with cash by going to any approved National Bank of Pakistan branch.
Click on the Payments tab, then on the plus sign in the top right corner.
A dialog box requesting payment information will display.
Type in the CPR number, amount code, or amount paid, then select the search option.
When the whole list of your payment's details appears, select OK to store them.
SUBMIT THE VERIFIED INCOME TAX RETURN FORM.
After adding and computing the values for all the necessary fields, you should now confirm your identification.
There will already be information for your name and registration number.
When prompted, enter the verification pin that was provided to you upon registration, then select the Verify Pin tab.
After receiving the information, select the Submit tab to file income tax returns.
This was a thorough manual on how to submit Pakistani income tax forms. We hope this information was useful to you. Send us an email at if you have any in support@rightdeed.com quiries or comments. You might also enjoy reading our blogs on the federal budget for this year and the income tax slabs for fiscal year 2022–2023.
Further references are as following:
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