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Details of the Tax Rate (Assessment Year 2019-2020)

Tax Rate (Assessment Year 2019-2020) :

(a) Other than Company: For individuals other than female taxpayers, senior taxpayers of 65 years and above, retarded taxpayers and gazetted war-wounded freedom fighter, income tax is payable for the

On first upto Tk. 2,50,000/- Nil On next upto Tk. 4,00,000/- 10% On next upto Tk. 5,00,000/- 15% On next upto Tk. 6,00,000/- 20% On next upto Tk. 30,00,000/- 25% On balance amount 30%

For female taxpayers, senior taxpayers of age 65 years and above, income tax is payable for the

On first upto Tk. 3,00,000/- Nil On next upto Tk. 4,00,000/- 10% On next upto Tk. 5,00,000/- 15% On next upto Tk. 6,00,000/- 20% On next upto Tk. 30,00,000/- 25% On balance amount 30%

• For retarded taxpayers, tax free income threshold limit is TK.3,75,000/-. • For gazetted war-wounded freedom fighters, tax free income threshold limit is Tk. 4,25,000/- . • Minimum tax for any individual assessee living in Dhaka and Chittagong City Corporation area is Tk. 5,000/-. • Minimum tax for any individual assessee living in other City Corporations area is Tk. 4,000/-. • Minimum tax for any individual assessee living in any other areas is Tk. 3,000/-. • Non-resident Individual 30% (other than non-resident Bangladeshi)

(b) For Companies

Publicly Traded Company 25% Non-publicly Traded Company 35% Bank, Insurance & Financial institutions (Except Merchant bank): Publicly listed and 4th generation Banks & FI 40% • Other Banks & FI 42.5% Merchant bank 37.5%

If any non-publicly traded company transfers minimum of 20% shares of its paid-up capital through IPO (Initial Public Offering) it would get 10% rebate on total tax in the year of transfer.

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