NTN Registration
Income Tax Filing - Salaried & retired Person
Income Tax Filing - Sole Proprietor
Income Tax Filing - Partnership/PVT Company
Income Tax Filing- NPO/Charitable Trusts
Private Limited Company Registration
Single Member Company Registration
Limited Liability Partnership Registration (LLP)
Partnership or AOP Registration
NPO Registration with SECP
Trademark Registration
Copyright Registration
Patent Registration
IRIS Profile Update
Income Tax Filing Salaried & Retired Person
Income Tax Filing Salaried & Retired Person
Income tax filing for salaried and retired individuals involves reporting annual earnings, deductions, and tax payments to the government. Proper filing ensures compliance with tax laws and may result in refunds or additional tax payments.
Requirements before Registration
- CNIC/NICOP/Passport number
- Cell phone number in use
- Active e-mail address
- Nationality
- Residential address
- Accounting period
- In case of business income
- business name
- business address
- Principal business activity
- Name and NTN of employer in case of salary income
- Address of property in case of property income
How Taxwork help you
Expert Guidance: Taxwork offers personalized assistance to ensure that your tax filing process is smooth and error-free. Our team of experts helps you understand complex tax laws and guides you through every step.
Hassle-Free NTN Registration: If you’re a first-time filer, Taxwork can help you obtain your National Tax Number (NTN) quickly and easily, ensuring that you meet all the necessary requirements.
Accurate Tax Calculation: We help you accurately calculate your taxes, taking into account all eligible exemptions, deductions, and credits, so you don’t pay more than you need to.
Efficient Document Management: Taxwork assists in gathering and organizing all the necessary documents, such as salary slips, bank statements, and tax certificates, ensuring a comprehensive and compliant tax return.
Timely Filing: We ensure that your tax return is filed well before the deadline, avoiding penalties and ensuring that you’re always in good standing with the FBR.
Support for Corrections: If you’ve made an error in a previous tax return, Taxwork can help you file a correction to amend your return and ensure everything is accurate.
Ongoing Support: Taxwork provides year-round support, helping you stay updated on any changes in tax laws and assisting with any tax-related queries or issues that may arise. With Taxwork, filing your tax return is simple, stress-free, and efficient, allowing you to focus on your work while we take care of the rest.
FAQ's
FAQ's
Who is required to file a tax return as a salaried person?
Any salaried individual earning more than the minimum taxable income threshold set by the Federal Board of Revenue (FBR) is required to file an annual tax return. This also includes individuals who have additional sources of income.
What documents are needed to file a tax return as a salaried person?
You’ll need your CNIC, salary slips, a certificate of tax deductions (if applicable), bank statements, details of any other income sources, and evidence of any tax-deductible expenses.
How can a salaried person file a tax return in Pakistan?
A salaried person can file a tax return through the FBR’s IRIS online portal. After creating an account, you can fill out the necessary forms, upload documents, and submit your return electronically.
What is the deadline for filing a tax return for salaried individuals?
The deadline for filing a tax return is typically September 30th each year, although extensions may be granted by the FBR. It’s important to stay updated on any changes to the deadline.
What are the consequences of not filing a tax return as a salaried person?
Failure to file a tax return can result in penalties, fines, and being classified as a non-filer. Non-filers face higher tax rates on banking transactions, property purchases, and vehicle registrations.
Are there any tax exemptions or deductions available for salaried persons?
Yes, salaried persons can claim exemptions and deductions on certain allowances, provident fund contributions, donations to approved charities, and investments in government schemes. These can reduce your taxable income.
How can I verify if my tax return has been successfully filed?
After filing your tax return on the IRIS portal, you can check the status of your return under the “e-enrollment” section. Once processed, your tax return will show as “active,” and you will receive an acknowledgment receipt.
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