Dhaka, April 29 -- Taking into account inflation and the real income of low-income people, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) - Bangladesh's top trade organisation - has demanded that the tax-free income limit for individual taxpayers be increased to Tk 500,000.

At the same time, the organisation also demanded that the limit for women be increased to Tk 550,000.

FBCCI Administrator Md Abdur Rahim Khan said, "Taking into account the current inflation rate and the real income of low-income people, I recommend setting the tax-free income limit for individuals at Tk 500,000, for senior citizens and women at Tk 550,000, and setting the maximum tax rate at 25 percent."

He also welcomed the arrangement of a...