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incometax
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Income Tax


Among direct taxes, income tax is one of the main sources of revenue.In Bangladesh Income tax is imposed on the basis of ability to pay. The more a taxpayer earns the more he should pay - is the basic principle of charging income tax. It aims at ensuring equity and social justice.
All individuals and companies in the countryneed to pay income tax if their annual income excess certain limit determined by the Government. There are some conditions for paying Income Tax which are controlled by Tax Laws and Amendments in Bangladesh.
Income Tax Return is a structured form where the Tax Payer mentions his/her income and expenditure, resources and credit information tosubmit them to the Income Tax Office. The form is different for the individual and companies.Tax payers need the Tax Identification Number as well as someendorsed documents (the description of salary, security money, housing property, business, partnership basis income, profit on capital, income tax pay order etc.) to submit theTax Return Form. The Return Form is available in the website of National Board of Revenue ( http://www.nbr-bd.org/ ) which is downloadable with free of cost. All individual or company can have their Taxpayers IdentificationNumber from respective income tax office.
Each class of tax payer has to submit their return form to the selected income tax circle. National Board of Revenue of Bangladesh administers the tax system under Internal Resources Division (IRD) http://www.ird.gov.bd/ . The website of National Board of Revenue (NBR) provides information about paying income tax including the tax rate.
Who should submit Income Tax Return?


Online Income Tax Calculator
http://www.nbr-bd.org/IncomeTax/paripatra_circular_2012-13.pdf

Ministry of Finance
http://www.mof.gov.bd/en/

Application form for TIN
http://www.nbr-bd.org/nbrweb/ext/TINForm.pdf

Tax Return Form for Individual (Bangla)
http://www.nbr-bd.org/ItReturn/Ind-Return%20Bang11GA.pdf

Tax Return Form for Individual (English)
http://www.nbr-bd.org/ItReturn/Ind-Return%20English11GA.pdf

Tax Return Form for Company
http://www.nbr-bd.org/ItReturn/Company%20Return11GHA.pdf

Application form forTax Collection Account Number
http://www.nbr-bd.org/Tax_Collection_Account_Number.pdf
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