Income tax returns surge 45pc YoY to 5.77m by Sept 30
ISLAMABAD: The number of income tax returns filed surged nearly 45 percent year-on-year to 5.77 million by September 30, with traders, professionals and other non-salaried individuals accounting for around four-fifths of the increase, official data revealed Wednesday. According to Federal Board of Revenue (FBR) data, 5,767,384 income tax returns had been filed by September 30, compared with…
The number of income tax returns filed in Pakistan surged nearly 45 percent year-on-year to 5.77 million by September 30, with traders, professionals, and other non-salaried individuals accounting for around four-fifths of the increase, according to official data. This significant rise in filer numbers, which has continued over the past three years, is primarily driven by a growing number of non-salaried individuals filing returns.
While the increase in filer numbers does not necessarily translate into a corresponding rise in tax collection, the data indicates a shift in the tax-paying landscape, with a growing proportion of individuals paying taxes.
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