Taxpayers can now submit their income tax return round the year online but they have to pay extra charge.
National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan made the announcement while speaking at the World Customs Day programme held at the Multipurpose Hall of the NBR where Finance Adviser Dr Salehuddin Ahmed was the chief guest.
He said online return submission has become popular as some 12 lakh taxpayers have submitted their returns so far this way.
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He hoped that by January 31, the last day of the income tax return submission, it would be around 14 lakhs
He said that the tax calculation up to January 31 will different than the submission after January deadline.
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“Automatically the taxpayers who will submit their returns after January 31 will have to bear some burden,” he said.
The NBR Chairman said the rate will be two percent extra over the tax amount for each month.
“The maximum ceiling is 24 months and we will not take any interest over 48 percent,” he said.