Taking into account inflation and the real income of low-income people, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) - Bangladesh's top trade organisation - has demanded that the tax-free income limit for individual taxpayers be increased to Tk 500,000.
At the same time, the organisation also demanded that the limit for women be increased to Tk 550,000
FBCCI Administrator Md Abdur Rahim Khan said, "Taking into account the current inflation rate and the real income of low-income people, I recommend setting the tax-free income limit for individuals at Tk 500,000, for senior citizens and women at Tk 550,000, and setting the maximum tax rate at 25 percent."
He also welcomed the arrangement of an inheritance tax system.
Rahim made the remarks at the 46th meeting of the National Board of Revenue-NBR Advisory Committee on the budget for the upcoming fiscal year 2026-27 on Wednesday.
The meeting was organised by the NBR and the FBCCI.
Finance Minister Amir Khasru Mahmud Chowdhury, Commerce Minister Khandaker Abdul Muktadir, NBR Chairman Md Abdur Rahman Khan and business leaders from various organisations attended the meeting.
According to the current tax system, the tax-free income limit for general taxpayers is Tk 350,000.
The limit for women taxpayers is Tk 400,000, for people with disabilities it is Tk 475,000 and for gazetted freedom fighters it is Tk 500,000.
According to the current income tax slabs, taxpayers with annual incomes between Tk 350,000 and Tk 450,000 have to pay income tax at the rate of 5 percent. "bdnews24.com
