Income tax collection sees 15.60pc growth in 5 months
BSS
The income tax collection witnessed a robust growth of 15.60 per cent during the July-November period of the current fiscal year (FY18) with Tk 21,646 crore compared to the same period of the last fiscal year (FY17), reports BSS. The income tax collection during the five-month period (July-November) of the last fiscal year (FY17) was Tk 18,725 crore, said NBR member (income tax administration) M Abdur Razzaque. He said the submission of individual tax returns also rose by 36 per cent during this July-November period compared to the corresponding period of the last fiscal with a total submission of 15,56,616 tax files. The total submission of individual tax returns during the same period of the last fiscal year was 11,44,497. Talking to the news agency, M Abdur Razzaque said the taxpayers now feel more encouraged and have been giving more response in paying income tax due to various motivational steps by the NBR side by side uses of ICT and introduction of tax-friendly environment.
