KARACHI: Now all salaried people, having taxable income, will have to file their tax returns online as Federal Board of Revenue (FBR) has made it compulsory through SRO 791(I)/2015.
The country’s top revenue authority has amended the Income Tax Ordinance, 2001 for this purpose. The SRO is applicable for the tax year 2015 and the last date for e-filing is August 31, 2015.
Earlier, the law required a person earning Rs500,000 per year to file tax return electronically. While salaried persons under threshold for income tax payment, ie Rs400,000 were also required to file returns, but it was not mandatory through e-filing. According to Tax Reform Commission report, around 881,262 total returns were filed in tax year 2013, out of which salary returns were 235,117.
