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Income Tax

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

👥 Who we can help!

Segunbagicha Consultancy provides various services related to income tax in Bangladesh. Some of the key ways we can assist you include:
  • Return Filling
  • Audit Hearing
  • Appeal
  • Tribunal
  • Revised Return
  • Taxpayer Identification Number (TIN) Certificate Correction
  • Tax Calculation and more

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