TaxBuddy Umair | Income & Sales Tax Consultant in Pakistan

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Understand Pakistan Tax Laws — Guides, Calculators & Tutorials

Expert tips and tools for individuals, freelancers, and business owners in Pakistan.

Explore Tax Guides Use Tax Calculators

✔ Updated as per FBR tax laws · ✔ Free & educational

Latest Tax Blogs

purchase of assets through banking channel or digital means
Income Tax
purchase of assets through banking channel or digital means
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Types Of Goods Sales Tax Act 1990 Pakistan
Sales Tax
Types Of Goods Sales Tax Act 1990 Pakistan
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Tax Calculators

Calculate your income tax instantly using our smart tools.

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Salary Tax Calculator

Calculate tax on salaried income using latest slabs.

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Business Tax Calculator

Estimate tax for sole proprietors & small businesses.

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AOP Tax Calculator

Compute tax liability for partnership firms (AOP).

Tax Rates

Explore updated tax rates under Income Tax Ordinance, 2001.

RATES

Salaried Individuals

View latest income tax slabs for salaried persons.

 RATES

Business Individuals

Check tax slabs for non-salaried persons.

 RATES

AOP (Partnership Firms)

View applicable tax rates for Associations of Persons.

 RATES

Banks & Companies

Corporate & banking company tax rates.

Income Tax MCQs

Q1 • Income Tax
The paid-up capital plus undistributed reserves of a Small Company must not exceed:
Explanation:

Under Section 2(59AB)(i), a Small Company must have paid-up capital plus undistributed reserves not exceeding Rs. 50 million.

Reference: Section 2(59AB). Small Company - ITO, 2001
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Q2 • Income Tax
Which section of the Income Tax Ordinance, 2001 deals with Wealth Statement ?
Explanation:

The person is required to file a statement of assets and liabilities under section 116 of the Income Tax Ordinance, 2001.

Reference: Section 116. Wealth Statement - ITO, 2001
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Q3 • Income Tax
What is the income tax rate applicable to a banking company for Tax Year 2025?
Explanation:

A banking company, as defined in the Banking Companies Ordinance, 1962, is required to pay income tax at 44% for Tax Year 2025.

Reference: First Schedule – Part I, Division II – Income Tax Ordinance, 2001
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Frequently Asked Questions

Common questions about income tax filing, ATL status, and compliance in Pakistan.

Any individual earning taxable income above the exemption threshold defined under the Income Tax Ordinance 2001 must file an income tax return with FBR. Filing may also be required if you own property, vehicles, operate a business, or maintain foreign assets.
The Active Taxpayer List (ATL) is published by FBR and includes names of taxpayers who have filed their income tax returns. Individuals listed on ATL enjoy lower withholding tax rates on various transactions.
A filer appears on ATL after submitting an annual return and benefits from reduced tax rates. A non-filer does not submit returns and is subject to higher withholding taxes on property, vehicles, banking, and other transactions.
The standard filing deadline is 30th September following the end of the tax year unless extended by FBR via official notification.
Non-filing may result in penalties, higher withholding tax deductions, restrictions on financial transactions, and possible legal action from FBR.
Income tax is calculated according to the applicable tax slabs for salaried individuals, business income, or AOP. You can use an updated tax calculator to estimate your liability based on current rates.
Umair Mubeen - Tax Consultant

About TaxBuddy Umair

TaxBuddy Umair is a Pakistan-based educational platform focused on simplifying income tax, sales tax, and compliance matters under the Income Tax Ordinance 2001 and relevant FBR regulations.

The goal of this platform is to help salaried individuals, freelancers, business owners, and Associations of Persons (AOP) understand tax laws in a clear and practical manner.

Disclaimer: The information provided on this website is for educational purposes only and does not constitute legal, financial, or professional tax advice. For case-specific matters, consult a qualified tax professional or advisor.

  • ✔ Detailed tax guides and compliance tutorials
  • ✔ Updated tax calculators based on current slabs
  • ✔ Practical explanations of ATL, filer status & withholding tax
  • ✔ Support for individuals and small businesses

Looking for general tax information?

  • Easy-to-understand tax guides and explanations
  • Information on income, sales, and property tax rules
  • Updated content based on current tax laws
  • Educational resources for salaried persons and businesses

Get in touch for general queries:

Location

Gulshan-e-Iqbal, Karachi

Phone

+92 333 2482742

Email

umair.mubeenir@gmail.com

WhatsApp

+92 333 2482742

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