Dhaka, May 18 -- Tax-free income threshold for all individual taxpayers is going up and corporate rates are being raised in the new budgetary measures ready for the chief adviser's perusal today (Monday).

Essential commodities are, however, spared from tax hikes as inflation bites all sections of people, officials said Sunday.

The revenue authority is set to place the fiscal measures before the head of interim government, Chief Adviser Prof Muhammad Yunus, today with an upward revision of tax-free ceiling for all categories of individual taxpayers.

In the new budget's fiscal measure, a proposal is being incorporated for bringing the textile industry under regular rate of corporate tax from July 1, 2025 as the cut-down tax benefit is de...