FBR Tax Return 2026-27 - Complete IRIS Filing Guide
Complete FBR tax return guide for TY 2026-27 - IRIS portal walkthrough, forms 114(I) and 116, required documents, wealth statement, IRIS field codes, and common errors to avoid.
Documents to gather before opening IRIS
Get every supporting document together before you start the IRIS session - it times out after roughly 15 minutes of inactivity and partial-fill data is sometimes lost. You need: CNIC, the latest salary certificate (Form 16-style summary) from your employer showing gross salary, exempt allowances, and Section 149 tax deducted; bank statements covering the full year (1 July 2025 to 30 June 2026 for TY 2025-26 returns); your CDC / brokerage CGT certificate for any PSX trades; an AMC certificate for mutual fund redemptions; a PRC from your bank for any foreign-currency receipts; property purchase or sale deeds with Section 236C / 236K WHT challans; and registry / token-tax challans for any vehicle transactions. For a wealth statement, also gather a year-end snapshot of cash, bank balances, gold by weight, vehicles, and property valuations.
Logging in to IRIS and the form structure
Visit iris.fbr.gov.pk and click 'Login'. Enter your CNIC (13 digits, no dashes) and the password FBR emailed you at registration. First-time users register via 'Registration for Unregistered Person' on the login screen. Once in, click 'Declaration' → 'Income Tax Return' and pick the correct tax year. The form is split into tabs across the top: Personal, Salary, Business, Property, Capital Gains, Foreign Income, Other Sources, Tax Credits, Deductible Allowances, Adjustable Tax, Final / Fixed Tax, Computation. Fill them in order - IRIS recomputes the totals as you go, and certain later tabs depend on earlier-tab data being saved. Save after each tab to avoid losing work to a session timeout.
Form 114(I) - personal income return
Form 114(I) is the main annual return for individuals. Key IRIS field codes to know: 1009 Salary (pay, wages, remuneration), 1049 Allowances (HRA, conveyance), 1059 Perquisites and benefits-in-kind, 9201 Section 149 tax deducted on salary. For business income use 3029 (receipts) and 3030 (expenses). Dividends are 5006 (Pakistan companies) and 5007 (mutual funds). Section 154A PSEB exports go under code 7033 (Final / Fixed Tax). The 'Computation' tab pulls everything together and shows your tax liability against tax already deducted - producing either a payable amount or a refund claim.
Form 116 - wealth statement
Form 116 is the wealth statement, mandatory for individuals with annual income above PKR 1 million. It lists every asset (cash, bank balances, listed securities, mutual funds, savings certificates, gold by weight, vehicles, residential and commercial property, agricultural land, foreign assets, business capital) and every liability (bank loans, mortgages, personal loans, credit-card outstanding). The closing-year wealth must reconcile with the opening wealth plus declared income, less personal expenses and outflows, plus any non-income inflows like remittance under Section 111(4). A reconciliation gap above PKR 100,000 is a common audit trigger. Use Easy Tax Online's wizard to pre-compute the reconciliation before opening IRIS.
Wealth reconciliation - the Annex C trap
IT-2 Annex C captures personal expenses for the year - rent, utilities, vehicle running, travel, medical, education, donations, club subscriptions, insurance, weddings and gatherings. Many filers skip this section thinking it's optional; it is not. A blank Annex C is a flag because FBR knows you must have spent something during the year. The personal-expenses total flows into the wealth reconciliation as an outflow. If you declared PKR 5M income, PKR 0 expenses, and closing wealth that's only PKR 3M higher than opening, FBR's reconciliation algorithm flags an unexplained PKR 2M shortfall. Fill Annex C with realistic line-item estimates - exact rupees are not required, but the total should look credible against your income.
Common errors that fail the IRIS submit check
1) CNIC mismatch with NADRA - if your name on IRIS doesn't match NADRA's current record, the submit blocks. Update NADRA first. 2) Tax year selected wrong - the return for TY 2025-26 (filed by 30 September 2026) and TY 2026-27 (filed by 30 September 2027) use different slab tables. 3) Section 149 WHT entered as gross salary - the salary box wants the income, the WHT box wants the deduction. 4) Wealth statement closing date wrong - it must be 30 June, not 31 December. 5) Property purchase WHT credit claimed twice - once under Section 236K and once as withholding. 6) Foreign tax credit (Section 103) claimed without a PRC attached - the credit is disallowed without the bank's Proceeds Realisation Certificate. Cross-check our wizard's validation warnings before you submit.
After you submit - revisions and notices
Once IRIS accepts the submit, save the PDF acknowledgement showing the IRIS Reference Number. If you spot a mistake within the same tax year you can file a revised return through 'Revised Declaration' on the IRIS menu - allowed until the assessment is closed (typically two years from filing). Common post-filing notices: 122(5A) (selection for audit), 176 (request for information / documents), 161 (recovery of unpaid tax with default surcharge), 177 (re-opening for fresh assessment). Respond to every notice within the prescribed time. For substantive matters, retain a chartered accountant or tax advocate; FBR's automated demand notices have rapidly tightened collection enforcement under recent IMF SLA commitments.
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