Income Tax Return 2025 FBR Sets September 30 as Final Deadline

Faisalabad  (Asal Pakistan News) – The Federal Board of Revenue (FBR) has announced that it will not extend the deadline for filing income tax returns for Tax Year 2025 (July 1, 2024, to June 30, 2025). Taxpayers are urged to submit their returns via the IRIS portal by September 30, 2025. Unlike previous years, FBR has taken a strict stance, warning that no further extensions will be granted.

According to FBR guidelines, deadlines vary by taxpayer type. Individuals, freelancers, and Associations of Persons (AOPs) must file by September 30, 2025, while companies with a standard financial year ending June 30 have until December 31, 2025. Companies and AOPs with a special tax year must file by September 30, 2025. Online filing through Form 114(1) may, in some cases, allow an extension until October 31, 2025.

Consequences of Late Filing Failure to file by the deadline will result in penalties under Section 205 of the Income Tax Ordinance, 2001, including a minimum fine of PKR 20,000–40,000 and a 0.1% monthly default surcharge. Late filers will also be removed from the Active Taxpayers List (ATL), leading to higher withholding taxes on property and vehicle transactions. ATL status offers benefits like reduced tax rates and compliance with IMF budgetary requirements.

How to File Your Tax Return

1. Log in or register at iris.fbr.gov.pk.
2. Select “Income Tax Return” for Tax Year 2025 and complete the form.
3. Attach required documents, including NTN certificate, income statements, wealth statement (Section 116), and bank details.
4. Download the confirmation receipt after submission.

FBR’s strict enforcement is aimed at meeting revenue targets critical for Pakistan’s economic recovery. Tax experts emphasize that timely filing not only avoids penalties but may also qualify you for refunds.

Tax Filing Tips from Mr. Usman, Tax Return Consultant Mr. Usman, a trusted tax consultant, shared the following tips with Asal Pakistan to simplify your filing process:

• Start Early: The filing window opens July 1, 2025. Gather documents like NTN, salary slips, rent agreements, and asset details in advance.
• Use Simplified Forms: Salaried individuals should opt for Form 114(1), which is user-friendly and may offer an extension.
• Avoid Errors: Ensure accurate income and expense details to prevent audits. Include a wealth statement (Section 116) where required.
• Seek Online Help: Use FBR’s portal tutorials or consult a professional to resolve technical issues.
• Check ATL Status: Verify your ATL status post-filing, as it updates daily.
• Claim Refunds: If excess tax was deducted, claim a refund through your return.
• For Freelancers: Declare foreign income to avoid double taxation issues.

These tips will make your tax filing smoother and more beneficial. Filing taxes is a national responsibility that contributes to Pakistan’s progress.

Contact Mr. Usman Tax Return Consultant for Assistance Need help with your tax return? Contact Mr. Usman, an FBR-registered consultant, for fast and accurate filing support.

• Phone: 0339-8900022 (Call/WhatsApp)
• Office: Faisalabad (Book an appointment) Reach out today to resolve your tax concerns hassle-free!