Income tax return filing hits record high

Income tax return filing hits record high

ISLAMABAD: The filing of annual income tax return has reached to a record high of 3.53 million for tax year 2020.

The income tax returns for Tax Year 2020 have reached 3.53 million compared to 2.72 million in tax year 2019 showing an increase of 30 per cent.

The tax deposited with returns was Rs51 billion compared to only Rs33 billion last year, showing an increase of 54 per cent.

According to the information released by the Federal Board of Revenue (FBR), 11,744 point of sale terminals had been integrated with real time reporting system of FBR.

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