According to the proposed national budget for FY 2011-12 ., what is the minimum level of taxable income for a tax payer in general ?

A TK. 150,000
B TK. 160,000
C TK. 165,000
D TK. 180,000

Correct Answer: TK. 180,000

When businesses file their taxes, they do not report their revenue as income. Rather, they subtract their business expenses from their revenue to calculate their business income. Then, they subtract deductions to calculate their taxable income.
Bissoy MCQ

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It is --------for every tax payer to -------the tax return to the income tax department.
In the new budget, the proposed minimum taxable income is ---

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