People who have to pay 30% income tax

Finance Minister Abul Hassan Mahmood Ali proposed that the marginal tax rate for the highest income slab would be 30%. 

In the new budget of fiscal year 2024-25, it has been proposed that income upto Tk 3.5 lakh will be tax free. Tk 3.5 lakh plus to 4.5 lakh, 5% tax will be added. Tk 4.5 lakh plus to 8.5 lakh, tax will be 10%. Tk 8.5 lakh plus to 13.5 lakh, tax will be 15%. Tk 13.5 lakh plus to 18.5 lakh, tax will be 20%. Tk 18.5 lakh plus to 38.5 lakh, tax will be 25%. Tk 38.5 lakh plus, tax will be 30%.

It is clear that no tax to be paid by a person who makes under Tk 3,50,000 in a year. But if a person makes Tk 38.5 lakh plus a year, he have to pay 30% tax over his income.