FBR tells 22 banks their employees must file tax returnsAbdul Gh Lone 30 November 2020 0 COMMENTS
The FBR has written to the managements of 22 banks in Pakistan and told them to ensure their employees file their income tax returns.
These banks are AlBaraka Bank (Pakistan) Limited, Bank Alfalah
Limited, Citi Bank NA, Faysal Bank Limited, Habib Bank Limited, Industrial and
Commercial Bank of China Limited, Meezan Bank Limited, Samba Bank Limited, Sindh
Bank Limited, Summit Bank Limited, U Microfinance Bank Limited, APNA
Microfinance Bank Limited, Bank Islami Pakistan Limited, Dubai Islamic Bank
Pakistan Limited, First Women Bank Limited, Habib Metropolitan Bank Limited, JS
Bank Limited, National Bank of Pakistan, Silk Bank Limited, Standard Chartered
Bank (Pakistan) Limited, Telenor Microfinance Bank Limited and United Bank Limited.
In the letter, the FBR noted that a large number of
employees are not filing their annual income tax returns. “They are under the
impression that there is at source deduction of income tax on their salaries hence
filing of income tax return is not called for. This is a misconception which is
against the provisions of the law,” it read.
The FBR said that an NGO, the Karsaz Education and Welfare
Organisation, has partnered with it to help people file income tax returns free
of charge. It gave the contact details of the organization and said volunteers
at KEWO will help employees file their tax returns for the 2019-2020 financial
year without any charges.
The last date to file income tax returns for 2019-2020 is
December 8. The date was earlier extended till December from September.