The Government of the Punjab facilitate the tax payer in many ways; a tax payer can:
- Pay tax on his property during the first quarter of a financial year at 5% discount. The discount is Rebate of 5% in technical terms;
- Pay the tax in any branch of the National Bank of Pakistan throughout the province of the Punjab;
- Pay the tax in any branch of the State Bank of Pakistan if it is available in a city;
- Pay the tax through a check drawn on a schedule bank.
The first quarter of a financial year starts from July 1 of a year and ends at October 31 of the year. After October 31, the Punjab government has started charging a surcharge of 1% per month on accumulated basis. The effective date of charging the surcharge is July 1, 2012.
Generally, large tax payers get their payment turned into easy installment from the Excise and Taxation Officer of the district; however, after July 1, 2012, the payment of tax in installment is financially harmful for a tax payer; it results in a larger payment due to charging of the surcharge.