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Smart Expense Manage for Tax Compliance
If your net income is Rs. 600,000 or less, no income tax is due. Above this, FBR tax rates apply. Track your business expenses and use FilerNow’s Tax Calculator to check your tax liability and file with confidence.
If your annual income (Net Income) is Rs. 600,000 or less you are not required to pay any income tax.
You are Legally required to pay income tax,
which is:
- From Rs. 600,000 to Rs. 1,200,000 = 15% Tax
- Above Rs. 1,200,000 = Higher Progressive tax rates applies.
Track your business expenses & use FilerNow's Tax Calculator to check your tax liability
Manage Expenses Smartly – Stay Tax Compliant with FilerNow!
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Frequently Asked Questions
Proper expense management helps you track your income and allowable deductions, ensuring you stay compliant with FBR tax laws and avoid unnecessary penalties. It also helps in accurately calculating your net income, which is essential for filing income tax.
You can claim various business-related expenses such as office rent, salaries, utility bills, internet, travel, and professional services (like Filernow’s consultancy). These reduce your net income, lowering your tax liability.
➡ Learn more: Tax Deductions & Claims – FilerNow
Poor tracking can lead to higher tax payments, missed deductions, or even legal notices from FBR. Smart expense management helps avoid such issues and keeps your financials clean and audit-ready.
Use Filernow’s free Tax Calculator to check your exact tax liability based on your income and deductible business expenses. It’s fast, accurate, and simple to use.
➡ Try it here: Tax Calculator – Filernow