The federal budget for 2026-27 was presented by Finance Minister Muhammad Aurangzeb on 12 June 2026. The Finance Act passed the National Assembly on 23 June, was gazetted on 26 June, and took effect on 1 July 2026 — which in tax terms means Tax Year 2027. Salary tax was cut across four bands Rs…
If you tried to file your Tax Year 2026 return in July and IRIS refused to let you submit it, the problem was not you. On 1 August 2026 the Federal Board of Revenue pushed a set of fixes to the income tax return in IRIS, clearing several faults that had been stopping returns from…
If you are salaried, the Finance Act 2026 leaves your tax bill either exactly where it was or meaningfully lower. Nobody earning a salary pays more. Below about Rs 2.2 million a year, nothing moves at all. Above it, two of the middle rates were cut, two new bands were inserted before the top rate…
The return for tax year 2026 is due by 30 September 2026 for individuals and AOPs. Here is what the date covers and what happens if you miss it.
From 1 July 2026 the surcharge for getting onto the ATL after the deadline rose from Rs 1,000 to Rs 25,000 for individuals. What changed and who it affects.
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