Tax-exempted income threshold stays at Tk 2.50 lakh

Finance Minister AMA Muhith, in his finance bill, today proposed to keep unchanged the tax-exempted income-threshold for individual tax payers at Tk 2.50 lakh.

While placing his budget speech before the parliament today, Muhith also proposed tax exemption threshold for women and senior citizens aged over 65 years to be kept at Tk 3 lakh, person with disability at Tk 4 lakh and war-wounded gazetted freedom fighters at Tk 4.25 lakh.

Meanwhile, taxpayers with an income above Tk 2.5 lakh to Tk 4 lakh annually will be taxed 10% of their income, Tk 5 lakh and above taxed 15%,  Tk 6 lakh and above taxed 20% and Tk 30 lakh and above 25% of their income.