Tax Year

The 12-month period for income tax — in Pakistan, 1 July to 30 June.

Explained Simply

Pakistan's tax year runs from 1 July to 30 June and is named after the year in which it ends. Some businesses use a special tax year with FBR's approval.

Legal Definition

Section 74 of the Income Tax Ordinance, 2001.

📖 Section 74

💡 Example

Tax Year 2026 covers income earned from 1 July 2025 to 30 June 2026.

Educational definition, not legal advice. Verify against the statute text (Section 74) before acting.