Now there will be penalty for filing income tax return, will you not get tax benefit?

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Also, taxpayers who file after the prescribed deadline will not be eligible for tax exemption.

The government currently provides tax relief for investment in nine specified sectors. However, taxpayers filing after the deadline will not be entitled to these benefits.

Investment-related tax exemption rules allow taxpayers to claim the lesser of the following three amounts: 3 percent of total income, 15 percent of total eligible investments, or a maximum of 1 million taka (10 lakh).

While submitting returns online, taxpayers can pay tax through internet banking, debit or credit cards and mobile financial services.

They can also download and print copies of filed returns, acknowledgment receipts, income tax certificates and TIN certificates.

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