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Frequently Asked Questions for Income Tax in Bangladesh

Publcihed by Admin 3 weeks ago

1. What is income tax in Bangladesh?

Income tax is a direct tax levied by

the government on the income

earned by individuals, companies,

and other entities in Bangladesh. It

is governed by the Income Tax

Ordinance, of 1984.

2. Who is liable to pay income tax

in Bangladesh?  

Any individual, company, or

organization that earns income in

Bangladesh or has a taxable

presence in the country is liable to

pay income tax. The tax liability

depends on the income earned and

the applicable tax rates.


3. What is the income tax year in


The income tax year in Bangladesh

runs from July 1st to June 30th. It

is commonly referred to as the

"financial year."

4. What are the different types of

income tax returns in Bangladesh?

In Bangladesh, there are various

types of income tax returns,


  • Individual Income Tax Return (IT-10): For individual taxpayers.
  • Company Income Tax Return (IT-11GA): For registered companies.
  • Partnership Firm Income Tax Return (IT-11GHA): For partnership firms.
  • Individual Asset and Liability Statement (IT-10BB): For individuals with specified assets and liabilities.
  • Statement of Deduction of Income Tax at Source (IT-16): For withholding tax deductions by employers.

5. How is income tax calculated in


The income tax calculation in

Bangladesh follows a progressive

tax rate structure. Different tax

slabs apply to different income

levels, with higher rates for higher

income brackets. The applicable

tax rates and slabs may change

from year to year based on

government policies.

6. What are the important dates for

filing income tax returns in


The income tax return filing

deadline for individual taxpayers is

usually November 30th following

the end of the tax year. For

companies and other entities, the

deadline is January 15. However,

it's important to check the specific

deadlines announced by the

National Board of Revenue (NBR)

for each tax year.


7. What documents are required

for filing an income tax return?

 The documents required for filing

an income tax return in Bangladesh

may include:

  • National Identification Number (NID)
  • Tax Identification Number (TIN)
  • Salary statements, wage books, or income certificates
  • Bank statements and interest certificates
  • Business income and expense records (for self-employed individuals and businesses)
  • Investment and asset details
  • Deduction and exemption documents (such as life insurance premiums, charitable donations, etc.)

8. What are the penalties for late

filing or non-filing of income tax


If an individual or entity fails to file

an income tax return within the

specified deadline, they may be

subject to penalties and interest

charges. The penalties can vary

based on the length of the delay

and the amount of tax owed.

9. How can I pay income tax in


Income tax can be paid through

various methods, including online

payment systems, designated bank

branches, and mobile financial

services. The National Board of

Revenue (NBR) provides detailed

instructions on different payment


10. Where can I get help or more

information regarding income tax

in Bangladesh?

For detailed information and

assistance regarding income tax in

Bangladesh, you can contact the

National Board of Revenue (NBR) or

visit their website. Additionally,

seeking advice from professional

tax consultants or chartered

accountants can also be beneficial.