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Income tax ceiling remains unchanged

Published : Thursday, 7 June, 2018 at 2:34 PM Count : 277


The income tax ceiling for individuals remains unchanged at Tk 2.50 lakh in the proposed budget.

Finance Minister Abul Maal Abdul Muhith made the proposal while unveiling the national budget for the fiscal year 2018-19 in parliament this (Thursday) afternoon.

The tax slab is Tk 3 lakh for women taxpayers and senior citizens while Tk 4.25 lakh for gazetted war-wounded freedom fighters and the threshold for person with disability will also remain unchanged at Tk 4 lakh.

Meanwhile, the budget, like previous fiscal, proposed to impose 10 percent tax for Tk 4 lakh of total income while 15 percent for Tk 5 lakh, 20 percent for Tk 6 lakh , 25 percent for Tk 30 lakh and 30 percent for more than Tk 30 lakh of income.

LY



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