Finance Act-2008(Individual Assessee)

Rate of Income Tax for the assessment year 2008-2009(the rate mentioned in the Finance Act-2008):

01.The rates for every individual including Bangladeshi non-resident, Hindu undivided family, Partneship Firm and every artifitial Juridicial person other than company:


On the first Tk. 165,000.00 of total income-------- Nil
On the next Tk. 275,000.00 of total income -------10 %
On the next Tk. 325,000.00 of total income -------15 %
On the next Tk. 375,000.00 of total income------- 20 %
On the balance of the total income---------------- 25 %

In case of women, above 70 years oldman and disable assessee the minimum exemtion limit is Tk. 180,000.00

Provided that the minimum tax shall in no case be less than Tk. 2,000.00

Provided that those assesses who paid tax at 25% for the assessment year 2007-2008 with declaration of more than 10% higher income in 2008-2009 will get 10% tax rebate on tax attributable to that additional higher income declared in 2008-2009 assessment year.

Provided futher that an assessee owing a small or cottage industry located in the Less Developed Areas or the Least Developed Areas and being engaged in the production of goods for such cottage industry, shall be allowed rebate on incometax payable by him of income arising from such small or cottage industry at the following rates in the rate specified hereunder:


a) Where the production in volume of the relevant year exceeds by more than 25% of the Production in volume of the preceding year.

Amount of Rebate: 5% of the income tax attributable to such income.

b)Where the production in volume of the relevant year exceeds by more than 25% of the production in volume of the preceding year.

Amount of Rebate: 10% of the income tax attributable to such income


02.In case of an Individual assessee not resident in Bangladesh(not being Bangladeshi non-resident) not being a company.


Tax Rate: 25% of Such Income
To be continue