Monday 22 July 2019 ,
Monday 22 July 2019 ,
Latest News
  • CNG filling stations to remain open 24 hrs for Eid: Quader
  • Major rivers cross danger level at 20 more points across country
  • Govt. warns of stern action against lynching spreading rumours
  • Rifat murder: Court dismisses Minni’s two petitions
  • Barrister Suman sued for ‘hurting’ religious sentiment
  • ‘Priya Saha distorted my research findings’: Prof Barkat
12 June, 2019 00:00 00 AM
Print
BUDGET FOR FY20

Change in tax structure to benefit differently able persons

BSS, DHAKA

Some changes are likely to be brought in the tax structure of the upcoming budget for the next fiscal year (FY20) to expand the civic services for differently able persons and raise their tax-free income tax ceiling.

Officials at the National Board of Revenue (NBR) said that the tax-free income tax ceiling for the differently able persons have been raised over the years, but the tax-free income tax ceiling for the individuals remained unchanged.

Like the previous years, the tax-free income tax ceiling for the differently able persons would be raised from the existing level of Tk 4 lakh alongside giving tax exemption for them in other sectors.

Besides, differently able persons-friendly tax structure would be adopted in the next budget so that they could get their due health, education and other civic services.

Talking to the news agency on Monday, a senior NBR official said that some humanitarian steps would be taken in the next budget to facilitate the differently able persons.

He said if any hospital does not have different facilities like toilet facilities for the differently able persons, higher tax would be imposed on those hospitals. Side by side, the official said if any educational institution does not have minimum facilities for the differently able students, special tax measures would be taken for those institutions.

Finance Minister AHM Mustafa Kamal will place a Tk 5.24 lakh crore possible budget for the next fiscal year (FY20) in parliament on June 13.

The size of the Annual Development Programme (ADP) for the next fiscal has already been set at Tk 2,02,721 crore. The revenue collection target is likely to be set at around Tk 3.78 lakh crore in the next budget of which the NBR is likely to be tasked to realize over Taka 3 lakh crore.

 

Comments

Poll
Today's Question »
State minister for power Nasrul Hamid yesterday said everyone to have access to electricity by June. Do you think the feat achievable by the timeframe?
 Yes
 No
 No Comment
Yes 48.5%
No 47.5%
No Comment 4.0%
Most Viewed
Digital Edition
Archive
SunMonTueWedThuFri Sat
010203040506
07080910111213
14151617181920
21222324252627
28293031

Copyright © All right reserved.

Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Disclaimer & Privacy Policy
....................................................
About Us
....................................................
Contact Us
....................................................
Advertisement
....................................................
Subscription

Powered by : Frog Hosting