** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

Income tax slab unchanged

06 June 2014 bdnews24.com

Tax free income slab will stay the same at Tk 220,000 per annum in the upcoming budget.
If the budget is passed, only those with annual income beyond Tk 220,000 will pay income taxes.
Finance Minister AMA Muhith is presenting the 2013-14 budget in Parliament.
He has already announced that the revenue target will be increased.
The new budget projects revenues of Tk 1.82 trillion, which is almost 73 percent of the outlay.
Covering the gap between revenue and expenditure will surely be the major challenge for the present government in the coming fiscal.
The proposed budget for 2014-15 FY projects a huge deficit of Tk 67.552 billion, that is 5 percent of GDP and more than one-fourth of the total budgetary outlay.
But Muhith projected a 7.3 percent annual GDP growth as he started to place the budget for the next fiscal year.
The outlay for the new budget stands at Tk 2.50 trillion, up by 12 percent from the present Tk 2.22 trillion.
The finance minister had previously told bdnews24.com that the next budget, the first one of the Awami League's second consecutive term, would focus on fulfilling the 'unfulfilled pledges' of the ruling party.
The budget would address inflation and private investment, he had also said.
Having placed two budgets during the Ershad's military regime, this is the eighth time Muhith is presenting the national budget.

Add Rate