National Board of Revenue (NBR) Chairman Abdur Rahman Khan announced that from the next fiscal year, taxpayers will be able to file their income tax returns online throughout the year. He made the statement on Tuesday while presiding over a pre-budget discussion organized by the NBR. Currently, November 30 is observed as Income Tax Day, and taxpayers are required to submit their returns by that date.

The NBR chairman explained that the new system will replace the single deadline with four quarterly filing periods. Taxpayers who submit returns in the first quarter will receive tax rebates, while those filing in later quarters will face progressively higher tax rates. The aim is to give taxpayers flexibility in choosing their filing period. He also mentioned that 4.2 million people have submitted returns this year, and around 20,000 have applied for deadline extensions.

According to the chairman, online applications for time extensions are available, and tax officials can approve up to 90 additional days. He emphasized that improved governance and reduced revenue leakage will help increase overall tax collection.