FilerNow.com

Income Tax Law and Rates in Pakistan: A Comprehensive Guide by Filernow

Income Tax Law and Latest Tax Rates in Pakistan for Individuals and Businesses - FilerNow.com Guide

Every year, the FBR updates income tax laws and tax slabs in Pakistan for individuals, salaried persons, businesses, and companies. Understanding these updates helps you avoid penalties and file your return correctly.

With FilerNow, you stay compliant and up-to-date with the latest tax rules — no legal confusion, no late fines.

Latest Income Tax Rates in Pakistan – FY 2024–2025

For Salaried Individuals:

  • Income up to PKR 600,000: 0%
  • 600,001 – 1,200,000: 2.5%
  • 1,200,001 – 2,400,000: 12.5%
  • 2,400,001 – 3,600,000: 20%
  • Above 3,600,000: 25%–35%

See Full Tax Slabs

  • For Business Individuals & AOPs:
  • Tax starts from 7.5% to 35% based on income brackets.
  • For Companies:
  • Corporate tax is 29%, with industry-wise variations.

👉 File Your Income Tax with FilerNow

What Is Covered Under Income Tax Law?

Taxable income definition

  • Allowable deductions
  • Tax credits
  • Filing deadlines
  • Penalties for non-filers
  • FBR audit rules
  • ATL & withholding tax system

👉 Become ATL Listed to reduce taxes.

Need more information? Contact us on WhatsApp.

Tax Return Filing FAQs

1. Who is required to file a tax return in Pakistan?

Every salaried person, freelancer, business owner, or property holder earning taxable income must file a tax return under FBR law.
👉 Start Tax Return Filing
Not a filer yet? 👉 Become a Filer

2. What documents are needed to file a tax return?

You’ll need your CNIC, salary slip or income proof, bank statement, and any investment or property details.
👉 See Required Documents
No NTN yet? 👉 Get NTN Online

3. Can freelancers or students file tax returns?

Yes. If you're earning income, even from freelance or online platforms, you should file to stay compliant and avoid future penalties.
👉 File Freelance Tax Return
Also check 👉 NTN for Freelancers

4. What are the benefits of filing a tax return?

You become a filer, pay lower taxes on vehicles/property, claim refunds, and appear in ATL (Active Taxpayer List).
👉 Become a Filer Now
Start here 👉 File Tax Return Online

5. What is the deadline for filing tax returns in Pakistan?

For most individuals and businesses, the FBR deadline is 30th September each year. Late filing can lead to penalties.
👉 Avoid Penalty – File Now
Want ATL status? 👉 Filer Registration

Scroll to Top