Overview : 

Income tax filing is the process of submitting your income, expenses, and tax details to the government (in Bangladesh, to the National Board of Revenue – NBR) to report how much you earned in a financial year, and how much tax you owe or already paid.

📌 What is Income Tax Filing?

Income tax filing means:

• Declaring your total income from all sources (job, business, property, investments, etc.)

• Calculating the tax payable as per income slabs

• Submitting the information through an official form (commonly IT-11GA for individuals in Bangladesh)

• Paying the due tax, or claiming a refund if you paid more

It’s usually done once a year (assessment year: July 1 to June 30) and includes:

• Proof of tax payment (challan)

• Taxpayer Identification Number (TIN)

• Statement of assets and liabilities (for some taxpayers)

👥 Who Should File Income Tax?

In Bangladesh, the following individuals and entities are required to file income tax returns:

✅ For Individuals:

You must file income tax if you are:

1. A salaried person whose annual income exceeds the tax-free threshold

   • For men: ৳3,50,000

   • For women/senior citizens: ৳4,00,000 (as per latest slab)

2. A business owner or self-employed professional

3. An individual with a TIN (even if your income is below taxable level)

4. Owning a motor vehicle, credit card, or property in a city corporation

5. Participating in a government tender or financial transaction

6. Required by employer or authority to show tax return (for loans, visas, etc.)

✅ For Companies/Organizations:

• All registered companies (private, public, foreign, NGOs, etc.)

• Partnership firms, associations, and cooperatives

• Branches or liaison offices of foreign companies

🎯 Why Filing is Important:

• It’s legally mandatory

• Helps avoid fines, audits, and legal issues

• Required for bank loans, trade licenses, visa applications, government tenders, and business credibility