Pakistan receives 5.32 million income tax returns up to Nov 14

Pakistan's tax collection authority — the Federal Board of Revenue (FBR) — has received 5.32 million income tax returns till November 14 for tax year 2024 against 6.71 million returns filed during the same period last year.

The FBR's loud and clear message against non-filers has forced the general public to voluntarily file returns to avoid harsh enforcement measures during current fiscal year.

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According to the FBR’s latest data, out of 5.32 million income tax returns filed till November 14, 2.12 million returns filed nil-income.

This compares to 1,089,657 persons who filed nil-income till this period during the last tax year.

The total number of income tax returns filed during the whole period of tax year 2023 were 6.7 million.

The FBR has received tax payment of PKR 133 billion along with 5.322 million income tax returns for tax year 2024. In tax year 2023, the taxpayers paid an amount of PKR 82.8 billion with returns.

The persons registered with the FBR from July 1, 2023 to date stood at 1,405,683 with nil-filers (901,761).

The FBR has registered a total number of 702,638 new taxpayers from July 1, to date with 510,165 nil-filers, FBR data added.