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01 Feb, 2025 12:19 PM

Big News: Income Tax Structure Revised | Benefits listed - Check here

Big News: Income Tax Structure Revised | Benefits listed - Check here

Zero Income Tax till 12 Lakh Income under New Tax Regime

  1. 'Nil tax' slab up to 12.00 lakh ( 12.75 lakh for salaried taxpayers with standard deduction of ৳ 75,000)
  2. 4 New structure to substantially reduce taxes of the middle class and leave more money in their hands, boosting household consumption, savings and investment
  3. Slabs and rates are being changed across the board to benefit all tax-payers

The new Income Tax Slabs are as follows

Income Range Percentage
0 to 4 Lakhs 0%
4 Lakhs to 8 Lakhs 5%
8 Lakhs to 12 Lakhs 10%
12 Lakhs to 16 Lakhs 15%
16 Lakhs to 20 Lakhs 20%
20 Lakhs to 24 Lakhs 25%
Above 24 Lakhs 30%

Examples of calculation of tax benefits are given in the table

Income (lac)* Tax on Slabs and Rates Benefit (Rate/Slab) Rebate Benefit (Full up to Rs 12 lacs) Total Benefit Tax after rebate Benefit
Present Proposed
8 30,000 20,000 10,000 20,000 30,000 0
9 40,000 30,000 10,000 30,000 40,000 0
10 50.000 40,000 10,000 40,000 50,000 0
11 65,000 50,000 15,000 50,000 65,000 0
12 80,000 60,000 20,000 60,000 80,000 0
16 1,70,000 1,20,000 50,000 0 50,000 1,20,000
20 2,90,000 2,00,000 90,000 0 90,000 2,00,000
24 4,10,000 3,00,000 1,10,000 0 1,10,000 3,00,000
50 11,90,000 10,80,000 1,10,000 0 1,10,000 10,80,000

*Income after deducting standard deduction of ৳ 75,000 for salaried taxpayers




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