Economic Reporter :
Over 1m income tax returns were submitted as the deadline for submission ended on November 30.
The National Board of Revenue (NBR) has received a huge response from the taxpayers with a 40 percent rise in volume of income tax return submission as the deadline expires on November 30.
The taxpayers have so far submitted about 1.5m income tax returns for the fiscal year 2016-17 till the last date of the submission.
According to official data compiled by NBR, the numbers were around 834,000 in 2014 while 815,000 in 2015 during the same period.
The NBR has bagged over Tk3,335 crore, a 207 percent rise from last year, as income tax from the taxpayers till November 30, this year. The volume of tax collection was over Tk1,390 crore in 2014 and around Tk1,084 crore in 2015. The NBR had compiled the data after the official deadline for income tax return submission expired on November 30.
A little over 151,000 individual taxpayers have sought an extra-time time for submission of their returns this year.
According to the Income Tax Act, taxpayers having annual income above Tk2.50 lakh have to pay their income taxes.
All the 649 circle offices under 31 income tax zones across the country were open till 10pm on Wednesday to facilitate the submission of the income tax returns as per deadline.
Besides, the taxpayers’ response to register them with the electronic Taxpayers Identification Number was also appreciable.
The total number of e-TIN holders in the country has crossed 2.4m marks by November 30.
The number would have crossed 2.5m if there were no temporary problem with the NBR server that hampered the registration process, said NBR officials.
Over 1m income tax returns were submitted as the deadline for submission ended on November 30.
The National Board of Revenue (NBR) has received a huge response from the taxpayers with a 40 percent rise in volume of income tax return submission as the deadline expires on November 30.
The taxpayers have so far submitted about 1.5m income tax returns for the fiscal year 2016-17 till the last date of the submission.
According to official data compiled by NBR, the numbers were around 834,000 in 2014 while 815,000 in 2015 during the same period.
The NBR has bagged over Tk3,335 crore, a 207 percent rise from last year, as income tax from the taxpayers till November 30, this year. The volume of tax collection was over Tk1,390 crore in 2014 and around Tk1,084 crore in 2015. The NBR had compiled the data after the official deadline for income tax return submission expired on November 30.
A little over 151,000 individual taxpayers have sought an extra-time time for submission of their returns this year.
According to the Income Tax Act, taxpayers having annual income above Tk2.50 lakh have to pay their income taxes.
All the 649 circle offices under 31 income tax zones across the country were open till 10pm on Wednesday to facilitate the submission of the income tax returns as per deadline.
Besides, the taxpayers’ response to register them with the electronic Taxpayers Identification Number was also appreciable.
The total number of e-TIN holders in the country has crossed 2.4m marks by November 30.
The number would have crossed 2.5m if there were no temporary problem with the NBR server that hampered the registration process, said NBR officials.
