The Federal Board of Revenue (FBR) has officially confirmed that the income tax return 2024 last date will remain September 30. This announcement serves as a final reminder for all taxpayers in Pakistan to meet the income tax return last date and file their returns without delay.
FBR’s Deadline: No Extensions
In a clear statement, the FBR has emphasized that no extensions will be granted for the tax filing deadline Pakistan 2024. Taxpayers, including individuals and businesses, are urged to comply with the filing requirements to avoid potential penalties. The FBR is prepared to take strict actions against those failing to meet the income tax deadline.
Surge in Tax Registrations
As of now, more than 1.9 million income tax returns have already been filed, and there has been a significant increase in the number of new taxpayers registering since July 2023. FBR reports indicate approximately 466,986 new taxpayers have been added since July 1, 2023, with an additional 205,525 new registrations recorded after July 1, 2024. This surge is credited to the FBR’s aggressive awareness campaigns and enforcement efforts.
Compliance Target: Expanding the Tax Net
While the FBR recorded nearly six million tax returns in 2023, it remains determined to expand the tax net and bring more individuals and businesses under the formal economy. Recent directives have clarified that individuals earning over Rs600,000 annually, as well as property and vehicle owners, are required to file their returns.
Non-Compliance: Potential Penalties
Failure to comply with the tax filing deadline Pakistan 2024 could lead to severe consequences. Non-filers may face disconnection of essential services like mobile phone SIMs, electricity, and gas. Furthermore, the FBR reserves the right to freeze bank accounts after issuing notices to non-compliant taxpayers. Legal action will also be taken against those who ignore the directives.
Individuals with foreign travel records, bank balances, and those who own properties, vehicles, or houses are particularly urged to file their returns before the income tax return last date in Pakistan. Ignoring these requirements could result in harsh penalties.
Use the Income Tax Calculator
Taxpayers are encouraged to utilize the income tax calculator provided on the FBR’s website to calculate their taxable income accurately and avoid discrepancies in their filings. Meeting the income tax return 2024 last date is crucial to ensuring compliance and avoiding legal repercussions.
FBR’s crackdown on non-filers underlines the importance of timely submission, as the authority continues to broaden its enforcement measures against tax evasion.
 has officially confirmed that the income tax return 2024 last date will remain September 30. This announcement serves as a final reminder for all taxpayers in Pakistan to meet the income tax return last date and file their returns without delay.){kind=link}