Thread by @Yasirmcheema

English thread for Filing Income Tax Returns for FY 2018-19 by the Salaried Person.

There will be a separate urdu Thread.

1. Login to iris.fbr.gov.pk

2. From Declarations, select

114(1) (Return of Income for a person deriving income only from salary and other sources where salary is more than 50% of income filed voluntarily for complete year)

3. Select Name ( Your name) & Select Period (enter 2019 ) and selection 1st July 2018 to 30th June 2019
4. Enter your total Income for the code 1009 and Click “calculate” as shown below:

5. Enter other sources of income, If applicable, from “Other Sources” and/or “Foreign Sources/Agriculture” else skip this step.
6. Under “Tax Chargeable/Payments” sections apply for related allowances, reductions, credits and Adjustable Taxes if any applicable to you, else skip

7. Under “Tax Chargeable/Payments” for “Tax Reductions” Teachers can claim 40% of tax Reduction for TY 2019. Enter 40% amount of your applicable Tax and click “Calculate” as below.

8. Under “Tax Chargeable/Payments” for “Adjustable Tax” enter amounts of the taxes collected from you in related fields like Deductions from salary, Cash withdrawal from banks, Motor vehicle Registration/Transfer fee, Mobile phone/Internet bills etc, if and where applicable.

9. Under “Tax Chargeable/Payments” click on the “Computations”. All of your information will appear here. Click “Calculate” to update calculations of taxes in this section.

(Step 9 part 1/2)

If Tax collected from you at various points (and entered here) is more than the tax applicable on your income then you will see some amount in “Refundable Income tax” which means that you are not required to pay any tax instead Govt needs to refund you some money.
(Step 9, 2/2)

10. Under “Personal Assets/Liabilities/Receipts/Expenses” enter the related amounts and press “Calculate”.

Note: Net Assets Current Year = Net assets Previous Year + (Inflow - Outflow)

To proceed with submission, “Unreconciled Amount” must be ZERO.

11. Click on “Payment” tab which will show you the amount of tax payable, if any. Else nothing will appear, as below:

12. Click on “Verification”, enter the PIN received at the time of registration in your email of SMS, verify PIN and “Submit”.

13. To be sure about submission, go to “Completed Tasks” and under “Declaration” you will see the latest Declaration.

END. Thank you.

Pls File your returns.