1.
Tax rates for individual and firm for the assessment year 2024-2025 (income year 30 June
2024 ended) is as follows:
Total annual income Income tax rate
First Tk 350,000 Nil
Next Tk 100,000 5%
Next Tk 400,000 10%
Next Tk 500,000 15%
Next Tk 500,000 20%
Balance amount 25%
Initial exemption limit for women and senior citizens aged 65 years or over is Tk 400,000; for
Third gender and physically challenged persons is Tk 475,000 and for gazetted war-wounded
freedom fighters is Tk 500,000.
In case of parent/legal guardian of a physically challenged person, he/she will get a further initial
exemption of Tk 50,000 in addition to above limit.
2. Tax rates for individual and firm for the assessment year 2025-2026 (income year 30 June
2025 ended) is as follows:
Total annual income Income tax rate
First Tk 350,000 Nil
Next Tk 100,000 5%
Next Tk 400,000 10%
Next Tk 500,000 15%
Next Tk 500,000 20%
Next Tk 2,000,000 25%
Balance amount 30%
Initial exemption limit for women and senior citizens aged 65 years or over is Tk 400,000; for
Third gender and physically challenged persons is Tk 475,000 and for gazetted war-wounded
freedom fighters is Tk 500,000.
In case of parent/legal guardian of a physically challenged person, he/she will get a further initial
exemption of Tk 50,000 in addition to above limit.
3. Non-residents
Non-residents other than Bangladeshi non-residents shall pay tax on the total income at the
maximum rate of 30%.
4. Minimum tax payable
Minimum tax payable is as follows depending on location of the assessee:
Location Minimum tax
Within Dhaka and Chattogram City Corporations Tk 5,000
Any other City Corporation Tk 4,000
Other than City Corporation Tk 3,000
5. Charge of surcharge
Surcharge is payable by an individual assessee on total tax payable if the total net worth
exceeds Tk 40 million as stated below:
Total net worth Rate
Over Tk 40 million to Tk 100 million or owner of more than 1 motor car or 10%
owner of flat of 8,000 sft size
Over Tk 100 million to Tk 200 million 20%
Over Tk 200 million to Tk 500 million 30%
Over Tk 500 million 35%
6. Environment surcharge
Environment Surcharge is payable by an individual assessee as stated below:
Type of Vehicle Rate (Tk)
Up to 1500 CC or 75 kw for each motor car or jeep 25,000
Up to 2000 CC or 100 kw for each motor car or jeep 50,000
Up to 2500 CC or 125 kw for each motor car or jeep 75,000
Up to 3000 CC or 150 kw for each motor car or jeep 150,000
Up to 3500 CC or 175 kw for each motor car or jeep 200,000
More than 3500 CC or 175 kw for each motor car or jeep 350,000
7. Tax rates for corporate
Applicable tax rates for companies are as follows:
Companies Rate
Publicly traded companies whose more than 10% shares transferred through 20%
Initial Public Offering (IPO) and whose transactions has been made through
bank transfer (5 lac Tk in each transaction and 36 lac Tk in a year)- If not than
tax rate would be 22.5%.
Publicly traded companies whose at least 10% shares or less that 10% shares 22.5%
transferred through Initial Public Offering (IPO) and whose transactions has
been made through bank transfer (5 lac Tk in each transaction and 36 lac Tk in
a year)- If not than tax rate would be 25%.
One Person company (5 lac Tk in each transaction and 36 lac Tk in a year)- If 20%
not than tax rate would be 22.5%.
Non-Publicly traded companies (5 lac Tk in each transaction and 36 lac Tk in a 25%
year)- If not than tax rate would be 27.5%
Banks, insurance and other financial institutions (except merchant banks) if not 40%
publicly listed
Banks, insurance and other financial institutions (except merchant banks) if 37.5%
publicly listed
Merchant banks 37.5%
Cigarette, zarda, chewing tobacco, gul or any other smokeless tobacco product 45%
manufacturing companies (companies, firms and individuals) irrespective of
listing; and
Surcharge in addition to above tax is applicable on business income 2.5%
Mobile phone operator companies if not publicly listed 45%
Mobile phone operator companies that convert themselves into a publicly 40%
traded company by transfer of at least 10% shares through stock exchanges, of
which maximum 5% may be through Pre-Initial Public Offering Placement
Companies Rate
Co-operative society registered under Co-operative Society Act 2001 other than 20%
income from agricultural or cottage sector
Private university, private medical college, private dental college, private 15%
engineering college or private college engaged in study in Information
Technology
8. Advance tax for the owners of private motor car
Tax payable at the time of registration or renewal of fitness certificate for motor vehicles is:
Type of Vehicle Tax payable (Tk)
Up to 1500 CC or 75 kw for each motor car or jeep 25,000
Up to 2000 CC or 100 kw for each motor car or jeep 50,000
Up to 2500 CC or 125 kw for each motor car or jeep 75,000
Up to 3000 CC or 150 kw for each motor car or jeep 125,000
Up to 3500 CC or 175 kw for each motor car or jeep 150,000
More than 3500 CC or 175 kw for each motor car or jeep 200,000
Micro-bus each 30,000
However, if any assessee owns more than one motor vehicle self or jointly, then registration
cost will be 50% higher for every subsequent registration. This shall be treated as advance
payment of tax of the assessee. Moreover, such advance tax shall not be refundable.
