A: No, to become a filer no tax needs to be paid.
A: All individuals and businesses with taxable income or required under law must file tax returns.
A: Always contact a tax consultant to send a reply to FBR. No need to worry; it's usually a general scrutiny of data. Normally taxes are already paid.
Q: Who should file income tax return?
A: You must file a tax return if:
- Your annual income is above the taxable threshold.
- You're a salaried employee, businessperson, or freelancer.
- You earned money from rent, dividends, or capital gains.
Q: What is the minimum salary to pay income tax in Pakistan?
A: In FY 2025, the minimum salary required to pay income tax is more than Rs 600,000 annually.
Q: What if I do not file income tax return in Pakistan?
A: Failure to pay tax payable on the due date will attract a penalty, default surcharge, or both. It is also an offence punishable on conviction with a fine or imprisonment for a term not exceeding one year, or both.
Q: What are the benefits of filing an income tax return in Pakistan?
A: Becoming a filer in Pakistan offers several benefits, such as:
- Lower withholding tax rates on banking transactions, property dealings, and vehicle registration.
- Access to government-funded programs and subsidies.
Q: What is the FBR limit for cash withdrawal from banks?
A: The federal government has raised the limit for cash withdrawals from banks from Rs 50,000 to Rs 75,000. This new limit is subject to a 0.8% withholding tax on withdrawals by non-filers.