Income tax returns revenue grows 36.28 pc

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Income tax returns revenue grows 36.28 pc

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Admin on November 15, 2009 in Article - Comments: No Comments »

Income tax returns revenue grows 36.28 pc
Star Online Report

The amount of money collected by the National Board of Revenue, NBR, through income tax returns increased by 36.28 percent in the current fiscal year with Tk 859.93 crore.

The income tax collection in the 2008-09 year was Tk 623.67 crore.

Increasing trust of the taxpayers and the service-oriented mentality of the tax officials contributed to the rise in income tax collection, NBR member Aminur Rahman told a press conference on Sunday.

November 12 was the last day for submission of income tax return.

Rahman told the press conference that a number of 7,57,964 organisations and individuals have submitted returns in this fiscal year against the 6,56,193 in the previous year, marking 15.51 percent growth.

At present there are 22 lakh Tax Identification Number (TIN) holders across the country. But according to information though the number of tax payees submitting returns increased this year about 14 lakh TIN holders do not pay tax yet.

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