ByAdjustable Income Tax is an advance tax paid during the year that can be adjusted against your final tax liability when filing your annual income tax return. This category includes taxes deducted at source on salaries, rental income, services, and other forms of income. Unlike fixed or final taxes, these payments act as credit toward your total tax liability, helping to reduce the amount you owe at the end of the tax year.
The Federal Board of Revenue (FBR) allows taxpayers to generate a challan for Adjustable Income Tax quickly and conveniently using the IRIS e-Payment System. This system is accessible to both registered taxpayers and guest users.
Here’s a step-by-step guide for generating an Adjustable Income Tax challan.
Step-by-Step Guide to Create an Adjustable Income Tax Challan
- Access the IRIS Payment Portal
- Visit the official FBR e-Payment website.
- No need to log in if you are a guest user—you can proceed as a non-registered taxpayer.
- Select the Correct Tax Option
- On the left menu, navigate to “Withholding”.
- Choose “Adjustable Income Tax”.
- Enter Taxpayer Information
- Fill in the basic details:
- CNIC or NTN: Your identification number.
- Name: Full taxpayer name.
- Email Address: For communication and confirmation.
- City and Tax Office: Relevant information as per your location.
- If you are logged in as a registered taxpayer, most of this information will auto-fill.
- Fill in the basic details:
- Provide Tax Payment Details
- Tax Year and Month: Select the tax year and month for which the tax is being paid.
- Payment Section: Choose the relevant section of the Income Tax Ordinance:
- For salary income, select Section 149.
- For rental income, select Section 155.
- For other adjustable taxes, choose the applicable section.
- Taxable Amount: Enter the total amount of income on which tax is being paid.
- Tax Rate: The system will automatically calculate the tax amount based on the selected section and income details.
- Total Tax Amount: Verify the calculated tax.
- Attach Files for Bulk Payments (Optional)
- If you are paying taxes for multiple entries, such as salaries of multiple employees, you can upload a file containing all payment details.
- This feature enables you to create a single challan for multiple transactions, making the process faster and more efficient.
- Generate the Challan
- Once all the details are entered, click “Add” to confirm the information.
- The system will generate a Payment Slip ID (PSID). This PSID is used to make the tax payment.
- Make the Payment
Use the PSID to pay your tax through any of the following methods:- Online Banking: Via internet banking portals of designated banks.
- ATMs: Payment can be made using an ATM machine.
- Bank Branches: Over-the-counter payments are accepted at designated bank branches.
Why Use the IRIS e-Payment System?
- Accessible to Everyone: Both registered and guest users can generate challans.
- Convenient Bulk Payments: Attach a file for multiple entries and consolidate them into one challan.
- Quick and Accurate: The system calculates the tax automatically, ensuring accuracy.
- Adjustable Tax Credit: Payments made now reduce your final tax liability, providing a smoother year-end tax filing process.
Examples of Adjustable Taxes
- Salaries: Tax deducted from employee salaries (Section 149).
- Rental Income: Tax withheld by tenants or property managers (Section 155).
- Services: Tax deducted on payments for services rendered.
Creating a challan for Adjustable Income Tax on the FBR IRIS portal is simple and efficient. Whether you’re paying tax on salaries, rental income, or other sources, the platform ensures a hassle-free process. By paying these taxes in advance, you can lower your final tax liability at the end of the year and stay compliant with tax regulations.
Make use of the IRIS e-Payment System today and manage your taxes with ease!
