Tajir Dost Scheme
The government of Pakistan has decided to provide benefits to unregistered businesses through a new FBR voluntary tax compliance scheme known as the Tajir Dost Scheme. As you know, the FBR works for the welfare of public and collects tax according to total fix calculation. Hence, those unregistered businesses that don’t have declare their assets and income to FBR can declare all their assets to FBR today and get numerous benefits.
When you declare your assets to FBR through Tajir Dost Scheme then the FBR will reduce your income tax and also give you other benefits. In addition, the scheme applicant will also get tax compliance benefits.
As you know the government of Pakistan once had introduce the Tax Asaan App for all taxpayers. And now the FBR officials have added Tajir Dost Scheme in one tab of that app. Hence, you can easily access this Tajir Dost Scheme by downloading the Tax Asaan App from the Play Store. Let me tell you one fact. This scheme will benefit both the Government of Pakistan and business owners. As the FBR (Federal Board Of Revenue) will generate revenue by registering new business in record and the business owners will get benefits by paying less tax when they get register.
Tajir Dost Scheme Registration
Business owners can register and get benefits from the Tajir Dost Scheme by following the easy steps present below:
- Download the Tax Asaan App and install it
- Open it and search for the Tajir Dost Scheme option
- Click on the register button and start the online registration
- Provide your full name, address, CNIC card Number, and other details
- Finally, submit the registration form and wait till you receive a confirmation SMS
When you successfully got register in Tajir Dost through Tax Asaan App then officials will send you a notification through message on your provided phone number.
Tajir Dost Scheme Eligibility Criteria
As it is clear from the name of the scheme that government of Pakistan is willing to work for the welfare of Tajir (businessmen). Hence, all businesses are include in Tajir Dost Scheme:
- Wholesalers
- Small Business
- Retail stores
- Major Business
- Service providers
- Transport Business
Cities Where Registration is Compulsory
FBR released a notice in which a list of Cities Where Registration is Compulsory has been mention by the officials. Hence you just need to take a look at the list and see whether your city name is present is present in this list or not. If your city name is present in this list then you have to register in this scheme otherwise the FBR will take action again you.
| Islamabad | Karachi |
| Lahore | Faisalabad |
| Peshawar | Jhang |
| Gujranwala | Gwadar |
| Chakwal | Bahawalpur |
| Hyderabad | Jhelum |
| Gujrat | Lodhran |
| Quetta | Multan |
| Sialkot | Sukkur |
| Attock | Kasur |
| Narowal | Haripur |
| Khushab | Larkana |
| Lasbela | Mardan |
| Ghotki | Nankana |
| Sahiwal | Hafizabad |
| Sarghoda | Rawalpindi |
| Sheikhupura | Abbottabad |
| Bahawalnagar | Dera Ghazi Khan |
| Dera Ismail Khan | Mandi Bahauddin |
| Mansehra | Mirpurkhas |
| Rahim Yar Khan | Toba Tek Singh |
Tajir Dost Scheme Tax Calculator
All the business owners who register in Tajir Dost Scheme 2024. Will pay the tax according to Income Tax Ordinance 2001 of Pakistan. According to this ordinance, the government of Pakistan will charges fix the amount of tax from filer businesses and the non-filer businessmen will have to pay double tax. While doing business the percentage of tax is the following:
- Dividends: Filers pay 10% tax and non-filers pay 20% tax.
- Prize Bonds: Filers pay 15% tax and non-filers pay 30% tax.
- Bank Profit & Savings: Filers pay 15% tax and non-filers pay 30% tax.
Hence, there is a huge difference in tax percentages for filers and non-filers in Pakistan. That’s why, we recommend that business owners register in Tajir Dost and become filers in FBR to pay less tax.
See: BISP 11500 Payments
Pay Tax In a Few Easy Steps
You can easily pay your annual tax by using the Tajir Dost Scheme. Yes! The process is easy and you can do it online on your mobile and computer:
- IRIS Portal: First of all visit the iris portal.
- Tajir Dost Scheme: Click on the Tajir Dost option there.
- Business Information: Provide your business details in the next tab.
- Annual Tax Calculation: Iris will automatically calculate your annual tax.
- Generate PSID Slip: Tab on Create PSID to get your tax slip and pay this tax
You can pay Iris tax in any bank branch and get the receipt from the bank as proof of your payment submission. That’s all you need to do. Finally, your Iris tax of Tajir Dost FBR has been paid successfully.
Indicative Income-Based Tax Calculation
This time the FBR and iris have tried something new. Yes! In FBR Tajir Dost the government of Pakistan has introduced an Indicative Income-Based Tax Calculation system that will generate your annual tax on an estimated income. Yes! Now need to provide detailed financial records for annual tax because the tax will generate on an estimated calculation made by the FBR.
Tajir Dost Scheme Tax Slabs
FBR recently updated and public the new tax slabs for FBR Tajir Dost. In addition, these tax slabs are divided according to annual and monthly validity.
| Supposed Income | Monthly Tax | Annual Tax |
| 600,000 | 100 | 1,200 |
| 680,000 | 1,000 | 12,000 |
| 1,000,000 | 5,000 | 60,000 |
| 1,350,000 | 10,000 | 120,000 |
| 1,833,333 | 20,000 | 240,000 |
Tajir Dost Scheme Exemption
According to S.R.O. 457(I) 12024 the government of Pakistan has exempted many businesses from the tax of Tajir Dost. While here is the list of those businesses:
- Companies: All registered companies are tax exempted.
- Major Chains: Both national and international business chains are tax exempted.
- Wide Business: Multiple outlets business that is widely spread is tax exempted.
- Other Cities: If your city is not present in the list of scheme cities then you are tax exempted.
Conclusion
With FBR Tajir Dost become a filer and pay less tax as compared to past. In addition, it is your duty to become a source to make the economy of the country stable. For Tajir Dost registration, deadline, benefits, and other basic details keep visiting us. In addition, if you don’t government officials register you automatically by getting your details from NADRA. Register today in this scheme and get benefits from this scheme.
What is Tajir Dost Scheme?
FBR has introduce Tajir Dost Scheme for small and large business owners to make sure they register business in FBR and regualrly pay tax.
What is the benefit of Tajir Dost FBR?
Tajir Dost provides benefits to register business owner as he has to pay half tax. On the other hand, country economy will become stronger.
Who is tax excepted from this Tajir Dost Scheme?
Large companies, register trademarks and major chains having shops in all cities are tax excepted from this Scheme.
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