Islamabad: A simplified income tax return form has been issued by the Federal Board of Revenue (FBR) for salaried persons, according to a news source. However, this simplified form is only for those who derive all their income from their salary or from a combination of salary and other sources, with the salary making up more than half of the total income.
Non-salaried persons are to note that this form is not applicable to them. The main form will still be used for those who earn their income from business, get rental income, or through capital gains, regardless of whether they receive a salary or not.
It should also be noted that if these sources form even a minor part of the person’s income, they will still be required to file the main return form, with all sources of income clearly listed and categorised. The deadline for submission of these return forms is 30th November, 2018.
