Are you still questioning yourself why should you get your NTN and be a tax filer? What are the advantages of tax filing?
How can you become a tax filer?
Don’t bother; we have all the answers! Here is why you should be a tax filer:
Did you know that only an active filer can purchase property worth more than 5,000,000? I am sure you didn’t. No other advantage is as strong as this. Plus, the filers are also benefited on the aspect of the property transfer tax. The property transfer tax on a filer is 1% which is half of the non-filer’ 2%.
If you’re not a filer, you can not purchase a new or imported car as per the rules! What are you waiting for now?
Non-Filers are subject to a higher rate of tax filling on various transactions e.g. The withholding tax on cash withdrawal on a non-filer is 0.6% which is double of a filer’s 0.3%.
Be a loyal citizen of the nation and avoid penalties and/or prosecutions from the FBR for not filing the return.
Many government-related organizations including banks now check your FBR tax filing status before agreeing to your applications, like registration of the company, purchase of property and mortgage processing, etc.
The expense of tax filling you spend will vary according to your income source. Taxes are imposed on property, salaries, capital gains, dividends including profits on deposits. Spectrum has made it easier for you to calculate your taxes. You can calculate your tax sitting at the comfort of your home! All you need is to follow a few steps and then you’ll be able to simply calculate taxes! If you’re a salaried person, calculate taxes here. For an unsalaried person, calculate tax here.
Filing your taxes can get complicated but at Spectrum consultancy, we’ve simplified the process. In just a few easy steps you can harmlessly and securely file your taxes with no difficulty at all.
We have streamlined the method of filing taxes in Pakistan. Rather than going through hours of documentation also visiting multiple offices, you’re just required to provide us the required information. Even you can calculate your tax easily from your home!1. Easy Filing
This https://spectrum-consultancy.com/ web-based tax calculator implements income tax rates in Pakistan on taxable income of salaried employed and salaried class. A salaried person class slabs are relevant where salary income passes more than fifty percent of the total taxable income. Please share with us your comments and important feedback.