Income tax is a tax levied by the government on your earnings, which includes your salary, pension, and income from savings and investments. The amount you pay depends on your income level.
Income tax can be a complex and daunting subject, but it doesn’t have to be. Whether you’re a seasoned taxpayer or just starting to navigate the intricacies of Bangladesh tax system, having the right guidance is essential.

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.

If the taxpayer is an employee, he must provide his salary certificate, and bank statement along with TDS Challan and other supporting documents.
If the taxpayer’s source of income is business, then along with basic documents, he needs to provide the documents of sales account book, purchase account book, bank statements, profit-loss statement, investment statement, and other proofs.

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.