As the last date for filing the income tax returns closes in, the Federal Board of Revenue (FBR) has decided not to extend the deadline for the facilitation of the tax filers.
The FBR is collecting income tax returns from salaried business individuals and associations of persons (AOPs) and the last date to submit the tax returns is September 30, 2023.
With just two days left in the deadline, the country's top tax collection body announced on Thursday that there will be no extension in it.
"The last date for the submission of tax returns remains September 30," the country's top tax collection body said.
However, an exception can be made for those who submit a request for an extension in advance and a 15-day period can be given to the petitioner for the submission of tax returns.
The FBR also said that over 1.7 million filers have submitted their tax returns so far and the number is likely to exceed 2 million by the last date.
The tax slabs for year 2022-23 approved by the former government are:
The then-finance minister, Miftah Ismail — while announcing the federal budget for the fiscal year 2022-23 — revealed the FBR's target for the financial year is 9% — Rs7,004 billion.