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Tax Lab

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Tax Lab

Become an Income Tax Filer by availing our services. We offer Tax Filing Services at a very affordable price.

We are a team of Accountants and do proper working before filing of tax returns. We will share everything with you so that you have all the data

30/09/2021

Income tax return submission date is officially extended until 15 October 2021

انکم ٹیکس جمع کرانے کی تاریخ میں 15 دن کی مزید توسیع کر دی گئی۔

WhatsApp us to file your tax returns
wa.me/923181048144

04/09/2021

File your Income Tax Return Now Before 30 September 2021

آج ہی اپنا ٹیکس ریٹرن جمع کرائیں اور آخری تاریخ کا انتظار نہ کریں۔
ریٹرن جمع کرانے کے لئے ٹیکس لیب کی ٹیم سے واٹس ایپ پر رابطہ کریں۔
WhatsApp 👇
wa.me/923181048144

31/08/2021

Hello Peter... (Just for fun)

12/08/2021

Freelancers who file their return, bring 80% of their earnings through banking channels, register for sales tax with fbr, do not have employees with salaries which would make them a wht agent and are located in islamabad can claim 100% tax credit and will have to pay zero sales tax as per 65F

13/03/2021

To everyone posting about FBR's Crackdown against the freelancers here is a complete guide and answers to all of your questions.

1- Become a Filer and register a business under your name. For example XYZ TECH ( An accountant will cost you max 15-20k for doing all the work)

2- Now you have registered a business with FBR. Open up a bank account with the same business name that you registered with FBR. For example, XYZ TECH

3- Get your business registered with PSEB with the same name under the company category. For example, XYZ TECH. This is your license to export IT services. They will charge you 5k the first time and 10k every year for the renewal of your registration.

Payoneer to Bank

We wouldn't recommend Payoneer to Jazz cash. Jazz cash does pay you extra but your flow is disturbed especially when you need PRC they will give you a very tough time. You will have to email back and forth

Go for Payoneer to Direct bank transfer.

First, add your Business bank account( XYZ TECH) in Payoneer as a recipient.
For the transfer you will select the option: Make a Payment
To a Recipient’s Bank Account and do the transfers. These will fall directly into your business bank account.

Once you have completed all of these steps. All of your income is recorded + you are tax exempt because your income falls into the exempted income according to FBR.

Benefits: If you are registered with PSEB you get a lot of benefits that can be seen on PSEB's website.

PSEB Renewals: After 1 year they will ask you for the Form-R in your case these will be your PRCs certificates that you will get from your bank.

Conclusion: You are now registered with the government. All of your money is 100% white no fear of FBR of anyone else.

12/03/2021

Tax credit means you still dont pay any tax. When yoi file tax, for eg you earn 1 million Rs doing freelancing. FBR shows tax payable as Rs 20,000. You can put this 20,000 in the tax credit section of your tax filing portal. The tax payable now becomes 0.

Previously you were directly putting all that 1 million Rs in the exemption section. Visit Tax Lab for proper consultancy

10/03/2021

اگر آپ فریلانسر ہیں یا آنلائن کاروبار کرتے ہیں تو آپ کو اس بات کا پتہ ہونا ضروری ہے کے آپ کی آمدنی پر کوئ ٹیکس نہیں ہے۔ لیکن اسکا یے مطلب نہیں کے آپ کو ٹیکس فائلنگ کرنے کی ضرورت نہیں۔

پاکستان کے ہر شہری کا فرض ہے کہ وہ اپنے آمدنی کے زراعیہ اپنے ریٹرن میں ڈیکلئر کرے تا کہ اسکے نام پر آنے والے تمام پیسوں کی معلومات حکومت کے پاس موجود ہوں اور کل کو آپ جب کوئ پراپرٹی یا گاڑی لینے جائیں تو آپ سے پوچھ گجھ نہ ہو۔

فریلانسنگ کر کے اگر آپ ماہانہ 10 لاکھ روپیہ بھی کماتے ہیں تو آپ پر کوئ ٹیکس نہیں ہے۔ بس آپ اپنی انکم ٹیکس ریٹرن میں اس دس لاکھ کی انکم کو ڈیکلئر کر کے ٹیکس سے ایگزیمپٹ دکھائیں گے۔ جس سے آپکی انکم ریکارڈ پہ بھی آجائے گی اور آپکو ٹیکس بھی نہیں دینا ہوگا۔

ابھی اپنا ٹیکس ریٹرن جمع کرانے کے لئے ہمیں انباکس کریں۔ اور پریشانی سے بچیں۔

03/02/2021

IT services to local clients or local companies are chargeable at 3%. IT services/exports to clients abroad who are sending remittance directly to you without any "intermediary local company" are exempted.

28/12/2020

Every taxpayer is required to file tax profile by December 31 otherwise name will be removed from Active taxpayers list and penalty of RS. 2500 per day will be levied subject to minimum penalty of PKR 10,000 in case of non-furnishing of such profile

PKR 20,000 in case of company;
PKR 10,000 in case of an association of persons; and
PKR 1,000 in case of an individual.

19/12/2020

FBR has launched an app called Tax Asan. Install that on you phone and register yourself. If you are a income tax return filer you can use your iris credentials. When you purchase things from tier one retailer you will scan the qr code on invoice and verify it. Your cash back will be automatically processed and posted to your bank account. List of tier one retailers is available on website. All big retailers are tier one. Imtiaz, punjab cash & carry, save mart, Metro, hkb, madina etc.

Address

Suite # 102, Second Floor, Al-Noor Center, Aga Khan III Road (Garden Road), Near Ankelsaria Hospital, M. A, Jinnah Road
Saddar
74400

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