Financial Risk Manager

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Witholding Tax Returns of Salary Income

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Query from mszuberi

What is the last date of submission of Salary Tax Monthly Return?
Comment:
Under the provisions of Income Tax Ordinance, 2001, there are two statements are required to be filed.
  1. Monthly:
  2. Annually:

Monthly Statement:

As per rule 44 (2) of the Income Tax Ordinance, 2001 statement of all witholding taxes deducted under section 148 to 156 B, 231A to 236 (including salary) is required to be filed within 20 days from the end of the month. Form used for the said purpose is available in Part X of IT Rules - Second Schedule.

Annual Statement:

As per rule 44 (1) of the Income Tax Ordinance, 2001 statement of witholding taxes under section 149 - salary is required to be filed within 2 months from the end of the year. Form used for the said purpose is available in Part VIII of IT Rules - Second Schedule.

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posted @ 10:27 AM,

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