Is it necessary to submit Income tax returns for retired employees and pensioners | Are retired employees and pensioners required to submit tax return | کیا ریٹائرڈ ملازمین اور پنشنرز کو ٹیکس ریٹرن جمع کرانا لازمی ھے | FBR | Tax Laws in Pakistan | Tax Investigation | Tax Penalty | Gain Tax | Income Tax Return | NTN Holder | Tax Qanoon | Goshwara Amadan | Tax on Property Sale | Real Estate | 236K | 236C | 37(1)(A) | 37 | FBR Tax | Tax Awareness | FBR Notices To Pensioners | Tax Return Obligations of Pensioners | Active Filer | Filer Non-Filer Retired Employees | income tax return for retired person | income tax filing for Pensioners | How to File Income Tax Return For Retired Person | How to file Income Tax Returns for Pensioners and Retired Persons | Pension Holder | Tax Return for Pensioners | Retired Persons | Retired Person Non Filer Intimation | Retirement Intimation To FBR | Pension is Taxable or Not in FBR Notification | How to File Pensioners Tax Return | Tax on Pension | How Much Tax on Pension | Two Condition of Pension Exemption | No Tax on Pension | No Tax Returns Required to File Retired Employees and Pension Holders | Income Tax Return for Retired Persons From Govt or Private | Do I Have to File Tax Return Only Receive Pension | Tax Return For Retired Government Employees | Submit Retired Person Tax Return Online | ITR For Army Pensioners | Submit Your Pensioner Tax Return | Pension & Taxes | Tax Deadlines & Penalties for Pensioners | Legal Opinion | Muslim Laws | Corporate Laws | Tax laws | Tax Legal Matters | FBR Laws in Urdu
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As an individual enters retirement, there are several important changes that come into play, including managing tax obligations. Retired individuals in Pakistan need to be aware of the rules around filing their tax returns, particularly if they are receiving a pension.
One key consideration for retired persons is the tax treatment of their pension income. In Pakistan, any individual receiving a pension is required to file a tax return, regardless of the amount of pension they receive. This includes individuals who receive more than one pension, as each source of income must be declared separately on the tax return.
When it comes to filing tax returns, retired persons are required to report their pension income as well as any other sources of income they may have, such as rental income, dividends, or capital gains. The Federal Board of Revenue (FBR) is responsible for overseeing tax compliance in Pakistan and ensuring that individuals accurately report their income and pay the appropriate amount of tax.
Pension holders must ensure that they are keeping accurate records of their income and expenses throughout the year to make the tax filing process smoother. It is also recommended that retirees seek professional advice from a tax consultant or accountant to ensure that they are taking advantage of any tax deductions or credits that they may be eligible for.
One benefit for retired individuals is that they may be eligible for certain tax relief measures, such as a higher tax exemption threshold or reduced tax rates. The government may also provide additional tax breaks for senior citizens or individuals with disabilities, so it is important for pension holders to be aware of these potential benefits.
Filing a tax return can be a daunting task, especially for individuals who are not familiar with the process. However, with proper planning and advice, retired individuals can ensure that they are meeting their tax obligations and taking advantage of any available tax reliefs. By staying informed and seeking professional guidance, pension holders can navigate the tax filing process successfully and avoid any potential penalties or fines from the FBR.
میں 2019 میں ریٹائر ھوا ھوں اور ریٹائرمنٹ سے پہلے میں ٹیکس پیئر تھا اور باقاعدگی سے ریٹرن جمع کرواتا تھا لیکن 2019 میں ریٹائرمنٹ کے بعد ٹیکس ریٹرن جمع نہیں کروائی. کیا اب میں FBR میں درخواست دے کر ٹیکس پیئر ھو سکتا ھوں. رہنمائی فرمائیں پلیز.
Mulazmeen to fori FBR k notice me a jata hai to behtar ye hai k mulazmeen ko aik goshwara farm 5 ya 10 sal k liy jari kr dia jay jise fill kr k mulazim jama karwa dy ya aik bar ki return file ko 5sal k liy kafi khyal kia jay hr mulazim mostly hand to mouth type hoty hen
Thanks a lot.
Online filing return is very complicated and one has to go to a consultant and give him 15-20 thousands rupees to him for filing the return
All the peoples will file return if the online Income tax form is made simple
e.g just to write
His income
Tax paid
Source of income
All his expenses
The expenses should include all electricity bills gas bills water bills tax paid etc
Tax paid means all sorts of taxes withholding tax income tax etc
Income means income from all sources
Assets
Total value of assets
But pension does not covers under the term income It is not income
Well said. Informative video, thanks
Very informative. Thanks
اپنی طویل مدت ملازمت جو چالیس سال سے بھی تجاوز کر چکی ھو ساٹھ کے بعد اسی سال کی عمر تک صرف ملازمت کر کے اس دورران مسلسل انکم ٹیکس پابندی سے اداکیا جاتا رھا ھو یعنی اپنی ملازمت کے آخری لمحے یعنی اسی سال کی عمر کو پہنچنے تک پابندی سے انکم ٹیکس ادا کرتا رھا ھو ہر سال ریٹائرمنٹ کے بعد اکر تھوڑی رقم بہبود اسکیم میں جمع کرادے جس کے ذریعے قلیل منافع حاصل ھو تو اس مہنگائ کے دور میں روز مرہ کی ضروریات زندگی خاص طور پر دوائوں کی قیمتیں بے انتہا بڑھ جائیں کیا اس صورت میں فائلر کی حیثیت کو بر قرار رکھنے کے لئے انکم ٹیکس کی ریٹرن جمع کرانا ضروری ھوگا؟
Govt nay sab asheyaa par tax lagaya huwa hay pension par tax lagatay sharam aana chahey
FBR کو کیسے مطلع کیا جائے کہ میں 2019 میں ریٹائر ہو گیا تھا اور مجھے IICOME tax return submit کرنے سے مبرا کیا جائے۔
FBR himself A fraud , corrupt department
پوری وڈیو صرف سرکاری ملازمین کیلئے لگ رہی ہے۔ نجی کمپنی میں ریٹائرمنٹ کا تصور ہی نہیں ہے۔
Good Sir. If the pensioner has some other source and get income e.g one lac annually from agriculture then what to do, he wants to remain filer.
بہت عمدہ وضاحت فرمائی جناب
جزاک اللہ خیر
Respected dear pension amount deposited in bank
Bank gv profit on it, bank deducted tax on giving profit
I think its withholding tex
Plz clarify is any difference filler and non filler
Is its same or differ
Plz reply
Sir g circular ag 1991 hy tou ye bolny main ekanwy hy nah k ekwen
Sir sngpl daily wedges mulazmeen Ka Kia ho ga ?
کیا ایف بی ار کمشنر متعلقہ ضلع میں درخواست جمع کروانی ہے پلیز حوالہ جات کی راہنمای۶ فرماییں جزاك اللهُ
Excellent
جناب اب تو یہ خبر آرہی ہے کہ پنشن پ دس فیصد ٹیکس لگے گا عمر کا کوئی ذکر نہیں ۔بس پنشن پ ٹیکس لگے گا ۔اور ریٹائر تو ساٹھ سال کے بعد ہی ہوتا ہے ۔
سلام ھو آپ پر۔بہت ھی معلوماتی وی لاگ پیش کیا ھے۔
What about the government Organizations which pay gratuity to the retiring employee without any pension? And the retired employee has no option but to invest the gratuity amount to earn his livelihood?
Good sir
Good informations.Respected lawyer, are you deal the service tribunal cases.please guide me.
بہت مفید معلومات فراہم کی گئی ہے۔ بہت شکریہ۔
Mohteram Rai Sb.Ager koie Pensioner Apni comutation/Gratuity ki Raqam NSC..k Behbod Certificate maien Invest kerta hai Tau kia oos ko oos Profit per Income Tax Daina ho ga jab k in certificates per NSC ki teraf say Tax Exemption hai. Kindly guide.
بنک میں رقم ھے پرافٹ مل رھا ھے بنک خود ٹیکس کاٹ کر پرافٹ دے رھا ھے اسکے لئے کیا حکم ھے پلیز
Good information
Sir good information i appreciate you
I am retard 2016 but I not informed fbr
PLZ tell me about that
Good
Per agar kasi ka khuch paisa qomi bachat ma rakah ha.tu ka wo bhi tax jama karwia ga
Please indicate your Mobil no/address to discuss retired pension of mine,
اگر قابل ٹیکس آمدن نہیں ھے تو کیا پھر بھی گوشوارا / ریٹرن جمع کائے گا۔ پلیز
RETIRED / PENSIONER AEK ALG ACCOUNT KISI BANK MEIN MAINTAIN KERTA HEI
AUR WO AEK JOINT. SAVING BANK ACCOUNT KISI AUR BANK MEIN MAINTAIN KERTA HEI, JIS MEIN US KI AULAD APNE PARENT KE LIEE RAQM BHEJTI HEI,
KIA WO BHI TAX RETURN SUBMIT KERNE SE EXCEMP HOGA, JABKEH PENSIONER 80 YEARS KA HOGIA HEI…..MAEN RETIREMENT SE PEHLE AUR BAAD MEIN BHI RETURN SUBMIT KERTA RAHA HOON, AB BHI KERTA HOON. IS KE LIEE MUGHE KISI AUR SE RETURN BANWANA PERTA HRI AUR EVERY YEAR RETURN KE LIEE FEES J
ADA KERTA HOON.
PLEASE MUGHE GUIDE KAREIN AB MAEN RETURN BANWA KER FBR KO JAMA KAROON YA BAND KERDOON….MERI WIFE 5 SAL SE PATIENT BED PER HEI, DO ATTENDENT ( NURSES ) RAKHI HEIN. SHE IS UNABLE TO WALK OR MOVE ON FOOT…..MERE BETE. IKHRAJAT KE LIEE RAQAM BHEJTE HEIN.
Good
Nice
Sir Plz give reference of submission of application of retired person for non filing of tax return and requesting for filer status
Great Video sir