, March 24 -- The Economic Reporters' Forum (ERF) on Sunday recommended increasing the tax exemption limit for individual taxpayers from Tk 3.5 lakh to Tk 4 lakh to alleviate the financial strain caused by rising inflation.

ERF President Doulot Akter Mala presented the proposal to National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan during a pre-budget meeting at the Revenue Building.

As part of its budget recommendations, the ERF called for reducing the tax burden on middle-class and low-income groups through a refund system via mobile financial services (MFS) for excess taxes paid.

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It also proposed that banks refund deducted interest to individuals without...