Dhaka, Aug. 2 -- The National Board of Revenue (NBR) has announced a tax incentive of up to five percent for individual taxpayers and Hindu Undivided Families (HUFs) who submit their income tax returns between July 1 and September 30, aiming to encourage voluntary tax compliance and timely return filing.

According to an NBR press release issued on Sunday, eligible taxpayers filing their returns within the three-month period will receive a tax rebate equivalent to five percent of the tax payable under Section 173 of the Income Tax Act, 2023, subject to a maximum benefit of Tk 25,000.

The revenue authority said no tax incentive will be available for returns filed between October 1 and December 31.

The NBR also outlined additional tax lia...