How to File Income Tax Return Online in Pakistan (Step-by-Step Guide)
Introduction to Income Tax Filing in Pakistan
Filing Income Tax Return Pakistan is essential for every eligible citizen in Pakistan. The Federal Board of Revenue (FBR) provides an online portal named IRIS for this purpose. This process ensures transparency and convenience for taxpayers across the country.
Step 1: Create Your FBR IRIS Account
First, you need to register on the FBR IRIS portal. Visit https://iris.fbr.gov.pk and click on ‘Registration for Unregistered Person’.
Enter your CNIC, mobile number, and email to proceed. You will receive a verification code. Submit the code to activate your IRIS account.
Step 2: Log in to the IRIS Portal
Once registered, visit the IRIS portal and log in using your CNIC number and password. You’ll receive a PIN via SMS for security verification. Enter the PIN to access your dashboard.
Step 3: Select the Income Tax Return Form
Navigate to the ‘Declaration’ section. Select the relevant tax year and form. Salaried individuals usually select the ‘114(1) Return of Income filed voluntarily’.
Step 4: Fill in Personal Information
Provide your details like name, CNIC, address, and employer information. Ensure all data is accurate to avoid rejections.
Step 5: Declare Your Income Details
Enter all sources of income such as:
- Salary
- Business income
- Property income
- Capital gains
Be truthful and precise while entering these details.
Step 6: Claim Tax Credits and Deductions
You can claim tax credits on:
- Investments in shares or mutual funds
- Donations to approved charities
- Insurance premiums
Adding these can reduce your payable tax amount.
Step 7: Provide Asset and Liability Details
Declare your assets, including:
- Bank balances
- Property values
- Vehicles
- Gold or jewelry
Also, declare liabilities, such as loans or payables. This is mandatory if your income exceeds the taxable threshold.
Step 8: Verify Tax Calculation
IRIS auto-calculates your payable tax based on your input. Cross-check all amounts to ensure correctness.
Step 9: Pay Tax (If Applicable)
If any tax is payable, generate a PSID (Payment Slip ID). Pay it via:
- Online banking
- ATM
- Bank branches
Keep the payment receipt for records.
Step 10: Submit Your Return
After payment, recheck your return thoroughly. Click the ‘Submit’ button to file your tax return officially. The portal will issue a confirmation receipt.
Benefits of Filing Income Tax Return Pakistan
- Avoid penalties and fines
- Become part of the Active Taxpayer List (ATL)
- Get reduced withholding tax on banking and property transactions
- Ease in visa processing and financial matters
Final Tips for Smooth Tax Filing
- Always file before the deadline
- Keep your records organized
- Use updated financial details
- Seek help from a tax consultant if needed
Conclusion
Filing your income tax return online in Pakistan via FBR IRIS is now simple and efficient. By following these steps, you can fulfill your national duty and enjoy tax benefits. Start today and ensure compliance with Pakistan’s tax laws.
