Md Abdul Mazid made the comment while speaking to bdnews24.com in his reaction to the new budget proposed for 2020-21 fiscal on Thursday. At such times of hardship when the earnings of marginalised people are going down, those who earn less than Tk 300,000 have been exempted from paying income tax, he said. Taxpayers flocked to the Officers' Club in Dhaka on the weekend to pay taxes and submit returns at the Income Tax Fair. Photo: Mahmud Zaman OviAsked what impact this raised ceiling would have on the massive revenue target, Mazid said the economy needs to be salvaged first if the goal is to be reached. The government had previously raised the ceiling to Tk 250,000 from Tk 220,000 in fiscal 2015-16.

Source: bd News24 June 11, 2020 16:07 UTC