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Budget FY24: Tk 2,000 minimum income tax proposed

News Desk | banglanews24.com
Update: 2023-06-01 17:24:46
Budget FY24: Tk 2,000 minimum income tax proposed

The government today proposed a minimum income tax of Taka 2,000 for individuals who required submitting income tax returns to avail of various government services even if they do not have taxable incomes.

Finance Minister AHM Mustafa Kamal said: "I propose to make the minimum tax Taka 2,000 among competent people who are below taxable income but has an obligation to submit an income tax return to take service from the government with a view to circulating this participation in the government welfare work," he said.

The Finance Minister proposed this while placing the national budget for FY24 at Jatiya Sangsad today.

At present, registered taxpayers have to file their income, expenditure, and wealth statements and get proof of submission of returns to avail 38 types of services.

The existing minimum tax for people with taxable income in three city corporations in Dhaka and Chattogram is Taka 5,000 while it will remain unchanged.
 
In the same way, the minimum tax is Taka 4,000 for other city corporations and Taka 3,000 for other areas which will also remain intact in the next year.

BDST: 1724 HRS, JUN 01, 2023
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