Income taxation roof during Tk 200,000 proposed

The Parliamentary Standing Committee upon Finance Ministry Wednesday due which a extent of tax-free income be lifted to Tk 200,000 in a arriving bill for 2011-2012 monetary year.

For caring of a method in scheming a ultimate budget, a cabinet placed a sum of 51 recommendations, together with a ultimate roof of income tax.

The cabinet placed a recommendations in essay during a 36th assembly of a watchdog physique during a Sangsad Bhavan.

Emerging from a meeting, a cabinet chairman, AHM Mustafa Kamal, familiar reporters during a press discussion hold during a council media centre of a proposals upon income-tax slabs.

However, he declined to blow up upon all a recommendations.

The combined minute of reference stated: “The cabinet proposes tax-free personal income up to Tk 200,000 from a benefaction Tk 165,000 ceiling.

The cabinet additionally due 10 percent taxation upon Tk 300,000 income, fifteen percent upon Tk 500,000 as well as twenty-four percent upon a amounts above.

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