First Tk 3.5 lakh in income still tax free
Threshold increased for women, senior citizens, physically challenged persons, third gender, freedom fighters
The government has retained the tax-free income limit at Tk 3.5 lakh for individual taxpayers for fiscal year 2024-25.
However, the tax-free income threshold is higher for women, senior citizens, physically challenged persons, members of the third gender and listed freedom fighters wounded during the Liberation War.
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According to today's budget proposal, for women and senior citizens aged 65 years or above, the limit is Tk 4 lakh, physically challenged persons and members of the third gender Tk 4.75 lakh and the freedom fighters Tk 5 lakh.
However, the threshold would be increased for parents or legal guardians of physically challenged/adopted child by Tk 50,000 for each child.
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