Dhaka, May 5 -- The National Board of Revenue (NBR) is considering a modest increase in the tax-free income threshold in the forthcoming budget for the fiscal year 2025-26, aiming to provide relief to individual taxpayers amidst persistent inflationary pressures.
According to sources within the NBR, the revenue authority is contemplating raising the threshold by up to Tk50,000. Currently, the tax-exempt income ceiling stands at Tk350,000 for general individual taxpayers, Tk400,000 for women and senior citizens aged over 65, Tk475,000 for persons with disabilities, and Tk500,000 for war-wounded freedom fighters.
The last adjustment was made in the FY2023-24 budget, when the general exemption limit was increased by Tk50,000 from Tk300,000....