𝙸𝚗𝚌𝚘𝚖𝚎 𝚃𝚊𝚡

In Bangladesh, income tax is levied on individuals, companies, and other entities based on their income. The tax system in Bangladesh is governed by the Income Tax Act, 2023, which outlines the rules and regulations regarding tax calculation, payment, exemptions, and deductions.

For individuals, income tax rates are progressive, meaning that higher income levels are taxed at higher rates. The rates vary depending on the individual's income bracket. There are also various allowances, exemptions, and deductions available to individuals to reduce their taxable income.

For companies, the income tax rate is generally flat, although there may be different rates for certain types of companies or industries. Like individuals, companies can also benefit from certain allowances, exemptions, and deductions.

It's important for taxpayers in Bangladesh to comply with the tax laws and fulfill their tax obligations by filing their tax returns accurately and timely, as failure to do so can result in penalties and legal consequences. Additionally, seeking advice from tax professionals or consulting the National Board of Revenue (NBR) can help individuals and companies navigate the complexities of the tax system in Bangladesh.