This page is for residents and businesses of Lyon Colony and the neighbouring residential and commercial blocks of Sargodha city: salaried families, professionals, landlords, shopkeepers and retired officers.
Salaried Households
Many families in Sargodha's residential colonies have at least one member working for the government, the air force, the university or a bank. Salary certificates show tax withheld. A return claims any excess, for example after arrears or a promotion late in the year, and lists the family's house, plots and vehicles.
Retired Officers
Retired air force and civil officers draw pensions that are generally exempt. Rent from houses, profit on savings and income from any second career are taxable and should be declared.
Landlords Renting Portions and Houses
Owners renting houses and portions to families and offices declare rent as property income. Banks and companies that rent premises withhold tax, which is claimed.
Clinics and Professionals
Doctors, dentists, lawyers and tutors working from the colony declare fees less their costs.
Shops in the Commercial Blocks
Retailers keep supplier bills, daily sales and stock counts.
Bank Profit
Profit on savings accounts and certificates is declared with the bank's withholding.
Wealth Statement
Houses, plots, gold, vehicles and balances, with the year's change explained.
Tutors and Academies
Teachers who run evening tuition from home declare fees as income.
Tutors who rent rooms for classes deduct that rent.
Their fee records should be kept.
Frequently Asked Questions
Do retired officers need to file?
Filing keeps them on the Active Taxpayers List and records property.
Is rent from a portion taxable?
Yes, it is property income.
Is bank profit declared?
Yes, with the bank's withholding.
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