🧾 How to File Property Income in Your Tax Returns

Rental income from commercial property must be declared under “Income from Property” in your annual FBR return.

Steps to File:

1. Register on the FBR Iris portal

2. Add your rental income in the designated section

3. Declare any tax already withheld (if tenant deducts WHT)

4. Attach evidence: lease agreements, rent receipts, CNICs of tenants

Tax Rates (for Individuals):

• Progressive slabs starting from 5%

• Corporate entities taxed at a flat corporate rate

Note: Non-filers face higher taxes and limited access to bank financing. It pays to file.