Filing an annual income tax return is how you report your income to the Federal Board of Revenue (FBR). This overview explains the essentials. Thresholds, rates and deadlines are set each year by the Finance Act and FBR — always confirm the current figures on the official FBR source or with an accountant.
Who should file a return?
In general, salaried and self-employed individuals above the taxable income threshold must file, as must companies and partnerships. Many people below the threshold also file voluntarily to appear on the Active Taxpayers List (ATL), which reduces withholding tax on many transactions.
What you need before you file
- Your NTN / registered CNIC and IRIS login.
- Income details — salary certificate, business income, or other sources.
- Details of tax already deducted or paid (withholding, advance tax).
- Bank statements and details of major assets and expenses (for the wealth statement, where applicable).
How filing works
- Log in to the FBR IRIS portal.
- Complete the income tax return form for the relevant tax year, declaring income and tax paid.
- Complete the wealth statement where it applies to you.
- Reconcile, then submit. Keep the acknowledgement for your records.
Why it matters
Filing on time keeps you on the ATL, avoids penalties and higher withholding rates, and builds a clean compliance record useful for loans, visas and tenders.
Frequently asked questions
When is the deadline?
The filing deadline is set by the FBR each year and is sometimes extended. Check the current date on the FBR portal rather than relying on last year's.
What happens if I file late or not at all?
You may face penalties and will usually drop off the ATL, meaning higher withholding tax on many transactions. Late filing is generally still better than not filing.
Should I use an accountant?
If your return is anything beyond a simple salary case, an accountant reduces the risk of errors and penalties. Browse AOPA member firms by city.
This guide is general information, not professional advice. Tax thresholds, rates and deadlines change with each Finance Act — verify current figures on the official FBR source or consult a qualified accountant.
Published by the Association of Practising Accountants (AOPA), Pakistan — a membership body for practising accountants, audit and tax firms. See our office bearers and committees.
This article is general information, not professional advice. Tax rules and rates change — verify against the official FBR / SECP source or consult a member firm before acting.