Filing season is here for Tax Year 2026
Tax Year 2026 closes on 30 June 2026, and the filing season for individuals, salaried persons, Associations of Persons (AOPs) and companies is about to begin. For most individuals and salaried taxpayers, the return for Tax Year 2026 is due by 30 September 2026. The Federal Board of Revenue (FBR) can grant extensions, but you should plan to file by the statutory date rather than rely on one. Last year the deadline was extended only at the last moment, from 30 September to 15 October 2025.
Who must file a return
You are generally required to file if any of the following apply:
- Your annual taxable income exceeds the basic exemption limit of PKR 600,000.
- You own a vehicle above 1000cc.
- You own immovable property of a specified value or size.
- You hold a commercial or industrial electricity connection.
- You are a company or an AOP, regardless of income.
Filing also places you on the Active Taxpayer List (ATL), which lowers your withholding tax on dozens of everyday transactions.
Documents you should gather
- Salary certificate or annual salary statement from your employer.
- Bank statements for all accounts for the year.
- Withholding tax certificates (bank, mobile, utility, vehicle, property).
- Details of any other income such as rent, business, profit on savings and dividends.
- Records of assets and liabilities for the wealth statement.
How to file
Salaried and individual taxpayers file through the FBR IRIS portal. In summary:
- Log in to IRIS, or register for an NTN first if you do not have one.
- Complete the income tax return, entering income and tax already deducted.
- Complete the wealth statement, reconciling your assets and liabilities.
- Verify, submit, and save the acknowledgement.
Late filing has real consequences
From Tax Year 2026 the law distinguishes between filers, late filers and non-filers. A late filer still appears on the ATL but can face higher transaction taxes than a timely filer, for example on the purchase and sale of property. Filing on time keeps you in the lowest-cost category and avoids penalties under the Income Tax Ordinance, 2001.
Let us handle it for you
Return filing and wealth reconciliation can be time-consuming and easy to get wrong. Tehsin Associates files hundreds of returns each season for salaried individuals, professionals and businesses, accurately and on time.
Disclaimer: Deadlines and requirements can change through FBR notifications. Confirm the current date and rules, or contact us, before you file.