INCOME TAX – Expert Income Tax Lawyers in Karachi for Accurate Tax Return Filing
Filing your income tax return in Pakistan is not just a legal formality—it’s your contribution to the nation’s development and a gateway to countless financial benefits. At PakistanTax.com.pk, our expert income tax lawyers in Karachi handle your FBR tax filing with precision, compliance, and expert legal oversight to ensure you pay only what’s required—nothing more, nothing less.
Why Filing Your Income Tax Return is Essential
The Federal Board of Revenue (FBR) requires every eligible individual and business to file a return of income annually. Filing not only keeps you compliant but also secures your filer status, giving you access to:
- Lower withholding tax rates
- Easier vehicle and property registration
- Access to business loans and tenders
- Peace of mind from legal complications
Our income tax lawyers in Karachi ensure your returns are prepared in accordance with the latest FBR regulations.
Who Needs to File an Income Tax Return?
Under Pakistan’s Income Tax Ordinance, 2001, the following must file their return of income:
- Individuals earning above PKR 600,000 per year (for salaried persons)
- Non-salaried individuals with annual income exceeding PKR 400,000
- Businesses, companies, and AOPs (Associations of Persons)
- Property owners earning rental income
Freelancers and overseas Pakistanis with local income
Example 1: Income Tax Calculation for Salaried Person
Let’s calculate income tax for Mr. Ahmed, a salaried person living in Karachi, earning PKR 1,800,000 per year.
Taxable Income: PKR 1,800,000
Exemption Limit (Salaried): PKR 600,000
Taxable Portion: PKR 1,200,000
According to FBR’s tax slabs 2024–25, for income between PKR 1,200,001 – 2,400,000:
Tax = 5% of the amount exceeding PKR 600,000
Tax Payable = (1,800,000 – 600,000) × 5% = PKR 60,000
So, Mr. Ahmed’s annual income tax = PKR 60,000
Example 2: Tax Calculation for a Business Owner
Mrs. Sara, a small business owner in Karachi, earns PKR 4,000,000 annually (net profit).
Tax Slab: 20% for income exceeding PKR 3,600,000
Tax Payable = (4,000,000 – 3,600,000) × 20% + Tax on first 3,600,000 (300,000)
Tax Payable = (400,000 × 20%) + 300,000 = PKR 380,000
Her income tax return will show PKR 380,000 payable to FBR
Example 3: Freelancer Income Tax Example
Mr. Bilal, a Karachi-based freelancer earning PKR 2,400,000 from international clients, has foreign remittance income through proper channels.
If funds are remitted through State Bank of Pakistan-approved channels, that income can be exempt from tax, provided the FBR declaration is properly filed.
Our income tax lawyers ensure such exemptions are legally claimed under Section 111(4) of the Income Tax Ordinance.
Benefits of Becoming an FBR Filer
When you are an FBR-registered filer, your CNIC becomes your NTN (National Tax Number). This gives you significant benefits, such as:
- Reduced tax deduction on vehicle registration
- Reduced tax on banking transactions
- Eligibility for business imports/exports
- No harassment from tax notices
- Legal compliance proof
FBR Tax Return Filing Through PakistanTax.com.pk
Our tax consultants and income tax lawyers in Karachi manage:
- NTN registration & verification
- FBR online tax return filing
- Sales tax registration
- Income tax audit and appeals
- Business tax compliance for companies & AOPs
All filings are made online via IRIS portal, ensuring your tax record remains compliant and traceable.
Example 4: Joint Property Income
Mr. and Mrs. Shah jointly own a property generating PKR 1,200,000 annual rent.
Each co-owner must declare 50% share = PKR 600,000
Tax per person = (600,000 – 400,000) × 5% = PKR 10,000 each
By filing individual returns, they stay compliant while minimizing overall tax exposure.
Why Choose Our Income Tax Lawyers in Karachi
- 40+ years of taxation experience under Mr. Mohsin Ali Shah
- A team of 52 tax lawyers, tax accountants, and FBR experts
- Offices in Karachi, Lahore, and Islamabad
- Members of Qanoon Group of Law Firms (www.qanoongroup.com)
- Thousands of satisfied tax filers across Pakistan
Get Your Income Tax Return Filed Today
Whether you’re a salaried person, business owner, or freelancer, our income tax experts in Karachi ensure accurate tax filing and maximum legal savings.
📞 Call Now: +92 336 3747047
🌐 Visit: www.PakistanTax.com.pk
💼 Partner Firm: Taxocrate (Pvt) Limited