Professional Documents
Culture Documents
Income Tax (Think Positive) Group Assignment
Income Tax (Think Positive) Group Assignment
Submitted To
Md. Rayhanul Islam
Assistant Professor
Department of Business Administration
Submitted By
Fozle Rabby ID: 182-11-5893
Rodela Binte Ali ID: 182-11-5921
Md. Ashik Sultan Mahmud ID: 183-11-5991
Nusrat Zahan Tulona ID: 183-11-5994
Determinants of personal income tax in Bangladesh.
If income tax of any individual other than female, retired person or cripple,
need to pay tax when his annual income exceed 350000.
Any person lives in a city corporation/ divisional HQ/district HQ and owns a
building of more than one stored and has a plinth area exceeding 1600 sq feet
and let out then he should pay tax.
Person who own a motor car and ply on city road should pay vehicle tax.
Person owing a membership of a club registered under vat law.
Person who subscribes a mobile operator need to pay tax according to the
amount of service he has gotten.
Some typical agricultural income that are considered under taxation policies-
1. Income from cattle raring land collected from cowboy
2. Income from flower cultivation
3. Income from cultivation of tobacco and palm tree
4. Income from park
5. Income from agricultural co-operative related with dairy
6. Income from land used in agricultural purposes
7. Income from dairy firm
8. Income from poultry firm if they are reared in land.
Conclusion
Like many other developing countries, the administration of income taxation in
Bangladesh is very poor. There is rampant evasion and allegation of corruption is
widespread. We should understand the fact that any tax reform must go hand in hand
with cutting wasteful government consumption; so that taxpayers do not feel they
are sitting ducks for the exchequer to rip them off. Thus, the government must be
very cautious in taxing people so that the burden of taxes could be justified.