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Budget 2021-22

Employers of transgender community to get tax holiday

03 Jun 2021 18:37:46 | Update: 03 Jun 2021 18:37:46
Employers of transgender community to get tax holiday

Abdur Razzak Sohel

To create job opportunities for the transgender community, the government offers a tax exemption for the employers in the fiscal year 2021-22 who will offer employment for them.

Finance Minister AHM Mustafa Kamal made the proposal while placing the proposed budget of Tk 6,03,681 crore for FY22 in the parliament on Thursday.

“I propose to keep the rate of tax applicable for individual taxpayers unchanged as significant changes have already been brought to this effect in FY 2020-2021,” said Kamal in his budget speech in parliament.

The existing tax rate for individual taxpayers is also applicable for the taxpayers of the third gender, said the minister.

“With a view to achieving social inclusion of the third gender people, besides introducing a special provision, I propose to fix the tax-free ceiling at Taka 3,50,000 for this community,” he added.

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