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Some 2.85 million individual taxpayers submitted their returns in the first half of FY23 while the National Board of Revenue (NBR) collected Tk4,100 crore as income tax.
Submission of income tax returns this year grew by 23.98% while revenue collection also increased by a healthy 24.96%.
According to data from the National Board of Revenue (NBR), some 2.3 million returns were submitted in the last FY22, from which the revenue board collected income tax worth Tk3,281 crore.
Currently, there are some 8.2 million TIN holders in the country.
NBR officials said that around 250,000 individual taxpayers have applied before the revenue board to extend the deadline for submission of income tax returns.
If all of them submit their returns finally, then the overall number of income tax returns would cross 3.1 million.
According to the Income Tax Ordinance, November 30 was the last date for submitting income tax returns.
But, the deadline was then extended by a month till December 31 and then again till January 1 (due to holidays) to facilitate the return submission process.
(DT)
