Phosphorus (P) unavailability and lack of organic matter in the soils under semiarid climates are the two major constraints for the low wheat productivity and profitability. A two consecutive year's i.e. 2017-18 (Y1) and 2018-19 (Y2) field experiment was conducted to study the impact of P and tillage management on wheat productivity and profitability. The experiment was accomplished at the Agronomy Research Farm of The University of Agriculture Peshawar. The experiment was comprised of two tillage depths, shallow (15 cm) and deep (30 cm)), organic sources [animal manures: (poultry manure & cattle manure) vs. crops residues: (mungbean residues & sugar cane residues) each applied at the rate of 10 t ha(-1)] and four P levels (0, 60, 90 and 120 kg ha(-1)). The experiment was conducted in a randomized complete block (RCB) design with split plot arrangement, having three replications. Tillage depths and organic sources were allotted to main plots and P-levels into sub-plots. Plot size was kept 3m x 5m (15 m(2)) having 10 rows, 30 cm apart and 5 m long. Seed rate of 120 kg ha(-1) on flat beds were used. The results showed that deep tillage produced maximum number of spikes m(-2) (279) grains spike(-1) (39), thousand grains weight (36.8 g), biological yield (9511 kg ha(-1)), grain yield (3614 kg ha(-1)). Poultry manure produced higher biological yield (9716 kg ha(-1)), grain yield (3664 kg ha(-1)). Phosphorus (P) application at the rate of 90 kg P ha(-1) produced highest grain yield (4068 kg ha(-1) and harvest index (40.4%). From the results it was concluded that most of the agronomic and quality parameters of wheat were higher with integrated use of 120 kg P ha(-1) and poultry manure under deep tillage system. Therefore, application of 120 kg P ha(-1) along with poultry manure and deep tillage system could increase wheat productivity and profitability under semiarid climate of Peshawar..