Tax limit for lower income group
Photo: A.M.Ahad / driknews
The minimum taxable income limit has been proposed to be raised from Tk 165,000 to Tk 180,000 in the budget of FY 2011-12. Thanks to the government. The prices of essentials have shot up tremendously and the cost of living like house rent, educational and medical expenses have also gone beyond the control of the lower income group. We are the worst sufferers in the society. The minimum ceiling should reasonably be increased considering the purchasing power of the lower and middle income group. If somebody gets a salary of Tk 15,000 plus, it's very difficult and burdensome for him to pay tax with this little income. All the people of Bangladesh are paying taxes by paying VAT while buying essentials, paying telephone bills, electricity bills, and water bills and so on. Why should the lower income group pay Income Tax again? If the ceiling is raised from proposed Tk 180,000 to Tk 240,000, the lower and middle income group will get some space to breathe and it will be a great relief to them especially at this critical time when prices of essentials are beyond the capacity of the general people.
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