Min tax remains unchanged

In the proposed national budget for FY2024-25, the government has kept the current structure of minimum tax for people with taxable income in the three city corporations in Dhaka and Chattogram unchanged for the next fiscal year.

The minimum tax applicable for taxpayers, other than company taxpayers, under Dhaka North, Dhaka South and Chittagong city corporations is Tk 5,000.

The amount is Tk 4,000 for those under other city corporations, while for people living outside city corporations, the amount is Tk 3,000.

Finance Minister Abul Hassan Mahmood Ali placed the Tk 7,97,000 crore proposed budget for FY25 in parliament on Thursday afternoon.