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IndividualsITO 2001 · s.114

Salaried income tax return

Annual return and wealth statement for employees, filed on IRIS with salary and withholding adjustments.

At a glance
Timeline2–4 working days after complete documents
Service feeRs 3,000
Steps7
Documents5
Section 114 – return of incomeSection 116 – wealth statement

Overview

Your annual income tax return and wealth statement as a salaried or retired person, filed on FBR's IRIS portal. Filing on time keeps you on the Active Taxpayers List (ATL), which cuts the tax deducted on your bank profit, property, car and many other transactions.

Why it matters

Salaried people often think the employer's deduction is the end of it. It is not: you still need to file a return and a wealth statement to stay on the Active Taxpayers List. Filers pay much lower withholding on bank profit, property, vehicles and many other transactions, so a correct return usually pays for itself within the year.

Who needs this

  • Employees in government or private jobs, including those whose employer already deducts tax
  • Pensioners
  • Salaried people who also earn rent, bank profit or small side income
  • Anyone who wants filer status before buying property or a car

How it works

Who does each step, and how long it usually takes once documents are complete.

  1. 1
    Free assessmentTAXWORK

    We check your salary certificate, other income and assets, and confirm the fee.

    Same day
  2. 2
    DocumentsYou

    You send the checklist items on WhatsApp or email.

    1–2 days
  3. 3
    ComputationTAXWORK

    We reconcile salary, tax deducted, adjustable taxes (car, phone, electricity) and refunds due.

    1–2 working days
  4. 4
    Wealth statementTAXWORK

    Assets, liabilities and the year's inflows and outflows reconciled so they balance.

    Same step
  5. 5
    Your approvalYou

    We share the draft computation and wealth statement for your OK.

    Same day
  6. 6
    Filing on IRISTAXWORK

    Return and wealth statement submitted; any balance paid by e-challan (CPR).

    Same day
  7. 7
    AcknowledgementTAXWORK

    You receive the filed return, wealth statement and acknowledgement slip.

    Same day

Documents we need

Tick what you already have, then send the list to us.

What you receive

  • Filed return (Form 114) and wealth statement (s.116)
  • IRIS acknowledgement
  • Tax computation with refund or payable
  • Reminder before next year's due date

Deadlines, risks and penalties

  • Late filers are left off the ATL until they pay a surcharge of Rs 25,000 (s.182A), or give an undertaking not to buy property for six months
  • No refund is issued while you are off the ATL, and losses can't be carried forward for a late year
  • Non-filers pay roughly double withholding on bank profit, dividends, property and vehicles

Mistakes we fix, and what our fee covers

Common mistakes we fix

  • Salary, bank profit and property not matched with the withholding shown on IRIS
  • Wealth statement that does not reconcile, which invites a s.116 / s.122 notice
  • Missing adjustable tax credits, so you pay twice
  • Filing after the due date, which keeps you off the Active Taxpayers List

Included in our fee

  • Review of last year's return and your IRIS records
  • Preparation and e-filing on IRIS, with your approval first
  • Wealth reconciliation and withholding credit check
  • Copy of the filed return and acknowledgement on WhatsApp

Law and references

The sections and rules this service is based on.

  • Section 114 – return of income
  • Section 116 – wealth statement
  • Section 118 – due date (30 September for individuals)
  • Section 182A – late filers and the ATL
  • First Schedule, Part I, Division I (salaried slabs)

Questions

How long does it take?

2–4 working days after complete documents. Step by step: Free assessment (Same day), Documents (1–2 days), Computation (1–2 working days), Wealth statement (Same step), Your approval (Same day), Filing on IRIS (Same day), Acknowledgement (Same day).

What does it cost?

Our service fee is Rs 3,000. Government fees are extra where they apply.

What happens if I miss a deadline?

Late filers are left off the ATL until they pay a surcharge of Rs 25,000 (s.182A), or give an undertaking not to buy property for six months. No refund is issued while you are off the ATL, and losses can't be carried forward for a late year. Non-filers pay roughly double withholding on bank profit, dividends, property and vehicles.

My employer already deducted tax. Why file?

Deduction isn't filing. Only a filed return puts you on the ATL, and it's how you claim back excess tax on your car, phone or bank profit.

Can you file previous years too?

Yes. We file missed years and handle the ATL surcharge or undertaking where needed.

Is there a step-by-step procedure?

Notice to file a return: FBR has asked you to file a return you didn't file. Open the procedure →

Is there a step-by-step procedure?

Revising a filed return: Correcting an omission or wrong statement in a return you already filed. Open the procedure →

Is there a step-by-step procedure?

Late return and getting back on the ATL: What happens if you miss the due date, and how to restore filer status. Open the procedure →

Do I need to file if my employer already deducts tax?

Yes. Salary tax deducted by your employer is not a return. You must file the return and wealth statement every year to be a filer and to claim any refund.

Can you include bank profit, rent and other income?

Yes. We add every income source shown on IRIS and in your bank certificates, so the return and wealth statement reconcile.

Why clients choose TAXWORK

9,000+clients served

Individuals, businesses and companies across Pakistan and overseas.

3offices

Rawalpindi/Islamabad, Sialkot and Karachi (with Raza Siddiqui & Co., Chartered Accountants).

Fixedfee first

You get the scope and a fixed fee in writing before any work starts.

Everystep on WhatsApp

Progress updates, and a copy of everything we file or submit for you.

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