Tax free income cap proposed at Tk 2.2 lakh

Finance Minister AMA Muhith has proposed to increase the threshold of tax free income for individual taxpayers from Tk 2 lakh to Tk 2.20 lakh.
In his budget speech Thursday afternoon, he also proposed to increase such threshold for women taxpayers and also senior citizens aged over 65 years from Tk 2.25 lakh to Tk 2.5 and for the physically challenged taxpayers from Tk 2.75 lakh to Tk 3 lakh.

Muhith came up with the proposals considering the issues of prevailing inflation, increasing living expenses and the necessity of reducing tax liability of marginal taxpayers.