Tax free income ceiling unchanged

The tax free income ceiling for individual taxpayers has been kept unchanged at Tk 300,000 in the next fiscal year.

Finance minister AHM Mustafa Kamal said this while placing the proposed national budget for the next fiscal year in the national parliament on Thursday.

“You are well aware that the tax-free income ceiling for individual taxpayers, which was Tk 165,000 in FY2009-2010, has been increased from time to time to bring it to the tune of Tk 300,000 in FY2020-2021. This ceiling has been kept unchanged in the following fiscal year," said the finance minister.

The minister added that the tax-exempt income ceiling is even higher for females, senior citizens, physically challenged people, members of the third gender, and freedom fighters, who were wounded in the war.

Meanwhile, the tax ceiling on income for third gender people has been increased from Tk 300,000 to Tk 350,000.