Impact of changes in Personal Income Tax proposed by the Finance Bill 2024

Taxpayer Type: Male

Income Group - MASI*
Remarks
From To
- 43,750 No effect: no tax liability but to file tax return
43,751 80,356 No effect: but to pay inimum 5,000 taka tax liability subject to invesment of full required amount.
80,357 93,750 No effect: no loss-no gain in tax position due to change in Slab & Tax Rate
93,751 191,666 Getting partial benefits: amounts of benefit ranges from Tk. 1 to Tk. 24,999
191,667 358,333 Getting maximum benefit: highest benefical group for Tk. 25,000
358,334 400,000 Getting partial benefits: amounts of benefit ranges from Tk. 24,999 to Tk. 1
400,001 >>> Getting affected: those income-group whose income exceeds Tk.400,000 monthly
*MASI - Monhtly Average Salary Income

Taxpayer Type: Female

Income Group - MASI*
Remarks
From To
74,999 - 50,000 No effect: no tax liability but to file tax return
50,001 89,284 No effect: but to pay inimum 5,000 taka tax liability subject to invesment of full required amount.
75,001 89,285 100,000 No effect: no loss-no gain in tax position due to change in Slab & Tax Rate
50,000 100,001 195,832 Getting partial benefits: amounts of benefit ranges from Tk. 1 to Tk. 24,999
50,000 195,833 362,500 Getting maximum benefit: highest benefical group for Tk. 25,000
50,000 362,501 404,167 Getting partial benefits: amounts of benefit ranges from Tk. 24,999 to Tk. 1
404,168 >>> Getting affected: those income-group whose income exceeds Tk.404,168 monthly
*MASI - Monhtly Average Salary Income

Taxpayer Type: Male

2,000
Your Pick Point % % % Tk. Tk. Tk.
Monthly Taxable Marginal Marginal Effect Net Tax Net Tax Effect
Male/ Monthly Total Yearly
SL Average Income ITA Tax Rate Tax Rate Negative/ Liability Liability Negative/ Remarks
Female Salary Income (a)
Salary 2023 (FA 2024) (FA 2023) (Positive) (FA 2024) (FA 2023) (Positive)
1 Male 23,000 20,000 276,000 184,000 0.0% 0.0% 0.0% - - - No effect
11 Male 43,750 38,043 525,000 350,000 0.0% 0.0% 0.0% - - - No effect
12 Male 46,000 40,000 552,000 368,000 5.0% 5.0% 0.0% 5,000 5,000 - No effect
27 Male 80,356 69,875 964,275 642,850 10.0% 10.0% 0.0% 5,000 5,000 - No effect
28 Male 80,500 70,000 966,000 644,000 10.0% 10.0% 0.0% 5,080 5,080 - No effect
29 Male 82,800 72,000 993,600 662,400 10.0% 10.0% 0.0% 6,368 6,368 - No effect
34 Male 93,750 81,522 1,125,000 750,000 10.0% 10.0% 0.0% 12,500 12,500 - No effect
35 Male 94,300 82,000 1,131,600 754,400 10.0% 15.0% -5.0% 12,808 13,028 (220) Getting partially benefited
77 Male 190,900 166,000 2,290,800 1,840,800 20.0% 25.0% -5.0% 162,936 187,476 (24,540) Getting partially benefited
78 Male 191,667 166,667 2,300,000 1,850,000 25.0% 25.0% 0.0% 164,500 189,500 (25,000) Getting max benefited
150 Male 356,500 310,000 4,278,000 3,828,000 25.0% 25.0% 0.0% 599,660 624,660 (25,000) Getting max benefited
151 Male 358,333 311,594 4,300,000 3,850,000 25.0% 25.0% 0.0% 604,500 629,500 (25,000) Getting max benefited
152 Male 358,334 311,595 4,300,014 3,850,014 30.0% 25.0% 5.0% 604,504 629,503 (24,999) Getting partially benefited
170 Male 397,900 346,000 4,774,800 4,324,800 30.0% 25.0% 5.0% 732,696 733,956 (1,260) Getting partially benefited
171 Male 400,000 347,826 4,800,000 4,350,000 30.0% 25.0% 5.0% 739,500 739,500 - Neutral position
171 Male 400,200 348,000 4,802,400 4,352,400 30.0% 25.0% 5.0% 740,148 740,028 120 Getting affected
247 Male 575,000 500,000 6,900,000 6,450,000 30.0% 25.0% 5.0% 1,306,500 1,201,500 105,000 Getting affected

Taxpayer Type: Female

Your Pick Point 2,000 % % % Tk. Tk. Tk.
Monthly Taxable Marginal Marginal Effect Net Tax Net Tax Effect
Male/ Monthly Total Yearly
SL Average Income ITA Tax Rate Tax Rate Negative/ Liability Liability Negative/ Remarks
Female Salary Income (a)
Salary 2023 (FA 2024) (FA 2023) (Positive) (FA 2024) (FA 2023) (Positive)
1 Female 23,000 20,000 276,000 184,000 0.0% 0.0% 0.0% - - - No effect
12 Female 50,000 43,478 600,000 400,000 0.0% 0.0% 0.0% - - - No effect
13 Female 50,600 44,000 607,200 404,800 5.0% 5.0% 0.0% 5,000 5,000 - No effect
29 Female 89,284 77,639 1,071,414 714,276 10.0% 10.0% 0.0% 5,000 5,000 - No effect
30 Female 89,700 78,000 1,076,400 717,600 10.0% 10.0% 0.0% 5,232 5,232 - No effect
34 Female 100,000 86,957 1,200,000 800,000 10.0% 15.0% -5.0% 11,000 11,000 - No effect
35 Female 101,200 88,000 1,214,400 809,600 10.0% 15.0% -5.0% 11,672 12,152 (480) Getting partially benefited
76 Female 195,500 170,000 2,346,000 1,896,000 20.0% 25.0% -5.0% 162,320 187,120 (24,800) Getting partially benefited
77 Female 195,833 170,290 2,350,000 1,900,000 20.0% 25.0% -5.0% 163,000 188,000 (25,000) Getting max benefited
149 Female 362,500 315,217 4,350,000 3,900,000 30.0% 25.0% 5.0% 603,000 628,000 (25,000) Getting max benefited
150 Female 363,400 316,000 4,360,800 3,910,800 30.0% 25.0% 5.0% 605,916 630,376 (24,460) Getting partially benefited
240 Female 572,700 498,000 6,872,400 6,422,400 30.0% 25.0% 5.0% 1,284,048 1,182,928 101,120 Getting affected
241 Female 575,000 500,000 6,900,000 6,450,000 30.0% 25.0% 5.0% 1,291,500 1,189,000 102,500 Getting affected
247 Female 588,800 512,000 7,065,600 6,615,600 30.0% 25.0% 5.0% 1,336,212 1,225,432 110,780 Getting affected

Prepared by
Mohammad Farid Molla ACA
Finance Controller-MFS, Nagad