{"id":20211,"date":"2024-09-30T17:59:11","date_gmt":"2024-09-30T12:59:11","guid":{"rendered":"https:\/\/dailyrapidnews.com\/eng\/?p=20211"},"modified":"2024-09-30T17:59:13","modified_gmt":"2024-09-30T12:59:13","slug":"1-240m-declare-zero-taxable-income","status":"publish","type":"post","link":"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/","title":{"rendered":"1.240m declare zero taxable income"},"content":{"rendered":"\n

Today marks the last date for the submission of income tax returns for 2024, with over 3.385 million individuals having already filed their returns, according to the Federal Board of Revenue (FBR).<\/strong><\/p>\n\n\n\n

Despite the significant rise in tax filings compared to last year, a large portion of individuals with taxable incomes remains outside the tax net.<\/p>\n\n\n\n

Sources reveal that out of Pakistan\u2019s population of over 240 million, only 3.385 million individuals have filed income tax returns. This reflects an increase of 1.669 million compared to the same period last year, when 1.715 million filers were recorded. However, of the approximately 25 million people with taxable incomes, 89% have not filed their returns.<\/p>\n\n\n\n

The FBR reported that a substantial portion of the employed population, around 67 million, is part of the workforce, while the remaining 169 million, including children, are unemployed. Out of the 25 million people with taxable income, 89% are outside the tax net, sources reveal.<\/p>\n\n\n\n

Additionally, many filers declared zero taxable income. Out of the total, 1.24 million individuals reported zero income, indicating a large segment of the population within the system but not contributing directly to tax collection.<\/p>\n\n\n\n

FBR statistics also show that the government has collected Rs55.49 billion in taxes alongside the returns. However, 37% of individuals did not file any tax payment along with their returns. The number of those who declared zero taxable income is 1.240 million. New tax filers have also been added to the system, with 772,997 individuals joining from July 2023 and 318,522 new entrants from July 2024 until now.<\/p>\n\n\n\n

Non-filers face strict penalties, including being barred from purchasing property, vehicles, and travelling abroad. They may also experience blockage of electricity and gas connections as well as mobile phone SIMs, while facing double withholding tax on various transactions. <\/p>\n","protected":false},"excerpt":{"rendered":"

Today marks the last date for the submission of income tax returns for 2024, with<\/p>\n","protected":false},"author":1,"featured_media":20212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[2,19],"tags":[],"class_list":["post-20211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-pakistan"],"yoast_head":"\n1.240m declare zero taxable income - Rapid News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"1.240m declare zero taxable income - Rapid News\" \/>\n<meta property=\"og:description\" content=\"Today marks the last date for the submission of income tax returns for 2024, with\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/\" \/>\n<meta property=\"og:site_name\" content=\"Rapid News\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-30T12:59:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-30T12:59:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/a-6.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"382\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#website\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/\",\"name\":\"Rapid News\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailyrapidnews.com\/eng\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/a-6.jpg\",\"contentUrl\":\"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/a-6.jpg\",\"width\":700,\"height\":382},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/#webpage\",\"url\":\"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/\",\"name\":\"1.240m declare zero taxable income - Rapid News\",\"isPartOf\":{\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/#primaryimage\"},\"datePublished\":\"2024-09-30T12:59:11+00:00\",\"dateModified\":\"2024-09-30T12:59:13+00:00\",\"author\":{\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#\/schema\/person\/950b57c7996a13e09938c5e45be30a5c\"},\"breadcrumb\":{\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dailyrapidnews.com\/eng\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"1.240m declare zero taxable income\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#\/schema\/person\/950b57c7996a13e09938c5e45be30a5c\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/dailyrapidnews.com\/eng\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b833642ff3b2364918fd2b384cafa111bc9b39a668c6435fe2488d01d4ce563e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b833642ff3b2364918fd2b384cafa111bc9b39a668c6435fe2488d01d4ce563e?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/dailyrapidnews.com\/eng\"],\"url\":\"https:\/\/dailyrapidnews.com\/eng\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"1.240m declare zero taxable income - Rapid News","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/","og_locale":"en_US","og_type":"article","og_title":"1.240m declare zero taxable income - Rapid News","og_description":"Today marks the last date for the submission of income tax returns for 2024, with","og_url":"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/","og_site_name":"Rapid News","article_published_time":"2024-09-30T12:59:11+00:00","article_modified_time":"2024-09-30T12:59:13+00:00","og_image":[{"width":700,"height":382,"url":"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/a-6.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/dailyrapidnews.com\/eng\/#website","url":"https:\/\/dailyrapidnews.com\/eng\/","name":"Rapid News","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/dailyrapidnews.com\/eng\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/#primaryimage","inLanguage":"en-US","url":"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/a-6.jpg","contentUrl":"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/a-6.jpg","width":700,"height":382},{"@type":"WebPage","@id":"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/#webpage","url":"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/","name":"1.240m declare zero taxable income - Rapid News","isPartOf":{"@id":"https:\/\/dailyrapidnews.com\/eng\/#website"},"primaryImageOfPage":{"@id":"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/#primaryimage"},"datePublished":"2024-09-30T12:59:11+00:00","dateModified":"2024-09-30T12:59:13+00:00","author":{"@id":"https:\/\/dailyrapidnews.com\/eng\/#\/schema\/person\/950b57c7996a13e09938c5e45be30a5c"},"breadcrumb":{"@id":"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/30\/1-240m-declare-zero-taxable-income\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/dailyrapidnews.com\/eng\/"},{"@type":"ListItem","position":2,"name":"1.240m declare zero taxable income"}]},{"@type":"Person","@id":"https:\/\/dailyrapidnews.com\/eng\/#\/schema\/person\/950b57c7996a13e09938c5e45be30a5c","name":"admin","image":{"@type":"ImageObject","@id":"https:\/\/dailyrapidnews.com\/eng\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/b833642ff3b2364918fd2b384cafa111bc9b39a668c6435fe2488d01d4ce563e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b833642ff3b2364918fd2b384cafa111bc9b39a668c6435fe2488d01d4ce563e?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/dailyrapidnews.com\/eng"],"url":"https:\/\/dailyrapidnews.com\/eng\/author\/admin\/"}]}},"jetpack_featured_media_url":"https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/a-6.jpg","featured_image_urls":{"full":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/a-6.jpg",700,382,false],"thumbnail":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/a-6-150x150.jpg",150,150,true],"medium":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/a-6-300x164.jpg",300,164,true],"medium_large":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/a-6.jpg",640,349,false],"large":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/a-6.jpg",640,349,false],"1536x1536":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/a-6.jpg",700,382,false],"2048x2048":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/a-6.jpg",700,382,false],"cream-magazine-thumbnail-2":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/a-6.jpg",700,382,false],"cream-magazine-thumbnail-3":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/a-6.jpg",700,382,false],"cream-magazine-thumbnail-4":["https:\/\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/a-6-450x382.jpg",450,382,true]},"author_info":{"display_name":"admin","author_link":"https:\/\/dailyrapidnews.com\/eng\/author\/admin\/"},"category_info":"<a href=\"https:\/\/dailyrapidnews.com\/eng\/category\/business\/\" rel=\"category tag\">Business<\/a> <a href=\"https:\/\/dailyrapidnews.com\/eng\/category\/pakistan\/\" rel=\"category tag\">Pakistan<\/a>","tag_info":"Pakistan","comment_count":"0","jetpack-related-posts":[{"id":20230,"url":"https:\/\/dailyrapidnews.com\/eng\/2024\/10\/15\/fbr-once-again-extends-income-tax-return-filing-deadline\/","url_meta":{"origin":20211,"position":0},"title":"FBR once again extends income tax return filing deadline","date":"October 15, 2024","format":false,"excerpt":"The Federal Board of Revenue (FBR) has once again extended the deadline for filing income tax returns, allowing taxpayers to submit their returns until October 31. This extension follows multiple requests from trade organizations and tax bar associations for additional time to complete their tax submissions. In a circular issued\u2026","rel":"","context":"In "Business"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/10\/a.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":5596,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/02\/28\/fbr-issues-tax-notices-to-2-1-million-pakistanis\/","url_meta":{"origin":20211,"position":1},"title":"FBR issues tax notices to 2.1 million Pakistanis","date":"February 28, 2021","format":false,"excerpt":"The Federal Board of Revenue has issued notices tax notices to 2.1 million people across the country, it said Sunday. These individuals either didn\u2019t file their returns, misinformed the tax authorities or hid their income, the FBR said in a statement. The number of tax filers in Pakistan has increased\u2026","rel":"","context":"In "Business"","img":{"alt_text":"FBR-FBR-issues-tax-notices-to-21-million-Pakistanis-rapidnews-rapid-news-dailyrapid-dailyrapidnews","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2021\/02\/FBR-FBR-issues-tax-notices-to-21-million-Pakistanis-rapidnews-rapid-news-dailyrapid-dailyrapidnews.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":20493,"url":"https:\/\/dailyrapidnews.com\/eng\/2024\/11\/20\/fbrs-massive-action-against-tax-evaders-targets-non-filers\/","url_meta":{"origin":20211,"position":2},"title":"FBR\u2019s massive action against tax evaders, targets non-filers","date":"November 20, 2024","format":false,"excerpt":"The Federal Board of Revenue (FBR) continues its crackdown on tax evaders across the country, focusing on major non-filers and individuals under-disclosing their taxable income. According to sources, data on non-filers and under-tax payers is being shared with field formations to facilitate swift action. Notices will be issued to tax\u2026","rel":"","context":"In "Business"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/11\/a-37.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":20427,"url":"https:\/\/dailyrapidnews.com\/eng\/2024\/11\/11\/imf-team-reaches-pakistan-fbr-reports-rs2-6tr-tax-revenue-in-q1\/","url_meta":{"origin":20211,"position":3},"title":"IMF team reaches Pakistan, FBR reports Rs2.6tr tax revenue in Q1","date":"November 11, 2024","format":false,"excerpt":"An International Monetary Fund (IMF) delegation has arrived in Pakistan and commenced discussions with Federal Board of Revenue (FBR) officials on the nation\u2019s fiscal performance. The team, led by the FBR chairman, briefed the IMF on tax collection and revenue figures for the first quarter of the current financial year.\u2026","rel":"","context":"In "Business"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/11\/a-17.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":20133,"url":"https:\/\/dailyrapidnews.com\/eng\/2024\/09\/23\/fbr-massive-crackdown-on-non-filers-from-oct-1st-to-meet-tax-target\/","url_meta":{"origin":20211,"position":4},"title":"FBR massive crackdown on non-filers from Oct 1st to meet tax target","date":"September 23, 2024","format":false,"excerpt":"Federal Board of Revenue (FBR) has announced a decisive crackdown on non-filers, beginning October 1, as part of its efforts to achieve an annual tax target of approximately Rs12,970 billion. Final tax notices will be issued to millions of non-filers as the FBR seeks to enhance compliance. According to FBR\u2026","rel":"","context":"In "Business"","img":{"alt_text":"FBR massive crackdown on non-filers from Oct 1st to meet tax target","src":"https:\/\/i0.wp.com\/dailyrapidnews.com\/eng\/wp-content\/uploads\/2024\/09\/FBR-massive-crackdown-on-non-filers-from-Oct-1st-to-meet-tax-target.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":12181,"url":"https:\/\/dailyrapidnews.com\/eng\/2021\/10\/30\/prime-minister-congratulates-fbr-over-tax-collection\/","url_meta":{"origin":20211,"position":5},"title":"Prime Minister Congratulates FBR Over Tax Collection","date":"October 30, 2021","format":false,"excerpt":"ISLAMABAD: Prime Minister Imran Khan Saturday congratulated the Federal board of Revenue for achieving the tax collection of Rs 1,840 billion from July to October this year. On Twitter, the prime minister said that the tax collection during the said period was 37% higher than the last year. \"I want\u2026","rel":"","context":"In "Pakistan"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/20211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/comments?post=20211"}],"version-history":[{"count":1,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/20211\/revisions"}],"predecessor-version":[{"id":20213,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/posts\/20211\/revisions\/20213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media\/20212"}],"wp:attachment":[{"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/media?parent=20211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/categories?post=20211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyrapidnews.com\/eng\/wp-json\/wp\/v2\/tags?post=20211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}