Taxpayers have until September 30 (today) to file their income tax returns for 2025-26, with the Federal Board of Revenue (FBR) warning that late filing can lead to penalties, additional tax liabilities and legal action.

An FBR spokesperson urged taxpayers to submit their returns before the deadline along with the required supporting documents.

From October 1, the government will end the late-filer category and increase the penalty for submitting an income tax return after the deadline from Rs1,000 to Rs25,000, reports quoted sources as saying.

The penalty for an Association of Persons (AOP) will rise from Rs10,000 to Rs50,000 while companies will face a penalty of up to Rs100,000 as compared to Rs20,000 at present, reports added.

The FBR also warned taxpayers against withholding information about their assets or submitting incorrect details, saying that bank accounts and other available channels can be used to recover outstanding tax liabilities.

The FBR, in a social media post, also urged taxpayers to complete their filings on time and warned that non-filers could face fines, additional tax charges and legal action.

The authority said that its data systems receive information about taxpayers’ income, assets and financial transactions, and asked taxpayers to provide complete and accurate information in their returns.

Taxpayers can submit their returns through the FBR website or the Tax Asaan app. Those seeking help can contact the FBR helpline or visit a nearby tax office.

Official documents show that around 4.88 million income tax returns have been filed during the current tax year so far, compared to more than 3.5 million returns during the previous tax year.

Separately, the State Bank of Pakistan (SBP) announced that commercial banks will keep their branches open until 10 pm on September 30 to facilitate over-the-counter payments of government duties and taxes.

The central bank said that it extended the banking hours after receiving a request from the FBR.

Banks will keep relevant branches open for as long as needed to facilitate special clearing of government transactions through National Institutional Facilitation Technologies (NIFT).

The SBP also directed banks to keep internet banking, mobile applications, Automated Teller Machines (ATMs) and other digital payment channels available without interruption for taxpayers making online payments.