Dhaka, March 19 -- A proposal to increase the tax-free income threshold for individual taxpayers to Tk5 lakh has been put forward, considering the rising inflation and growing cost of living.
This recommendation was discussed during a pre-budget meeting held at the National Board of Revenue (NBR) headquarters in Agargaon, Dhaka, on Tuesday. The session was chaired by NBR Chairman Abdur Rahman Khan.
The recommendation was made by DCCI President Taskeen Ahmed during a pre-budget discussion at the National Board of Revenue (NBR) headquarters in Agargaon, Dhaka, on Tuesday.
Taskeen highlighted that the current tax-free income limit stands at Tk3.5 lakh, with a maximum tax rate of 30 per cent.
He suggested raising the threshold to Tk5 lakh w...