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Question
The maximum tax rate on personal income under the proposed national budget 2004-05 is ___
40%
35%
33%
25%
20%
ANSWER : 4
Descrption
<p>Following is the existing rates of personal income tax: First BDT 300,000 = Nil </p><p>Next BDT 100,000 = 5% </p><p>Next BDT 300,000 = 10% </p><p>Next BDT 400,000 = 15%</p><p> Next BDT 500,000 = 20% </p><p>Next On balance = 25% max </p>
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