FBR Receives Tax Returns Worth 377,766 after the Due Date

FBR has received tax returns worth 377,766 for tax year 2020 after filing due date, that is, December 08, 2020. The income tax returns filed till due date were 1.78 million. This number has increased to 2.19 million with the addition of 377,766 more returns filed from 9th December onwards.

Income Tax paid during filing of returns stood at Rs. 31 billion. The number of Income Tax Returns for previous year till the same period was 1.98 million and the tax paid was Rs. 16 billion.  This year there is two-fold increase in income tax paid with the annual returns.