Bangladesh Bank has reduced the cost of paying income tax online. On Wednesday (November 13), the Central Bank’s Payment Systems Department (PSD) issued instructions to all banks, Mobile Service Providers (MFS) and Transaction Service Providers (PSP) in the country.

According to the instructions of Bangladesh Bank, the National Board of Revenue has opened the online return filing system for e-return taxpayers from September 9 to facilitate return filing and tax compliance for the current tax year 2024-25. Taxpayers can pay income tax through internet banking, card payment and Mobile Financial Services (MFS) or Payment Service Provider (PSP) wallets from the e-return system.
It is said in the instructions, in order to give more encouragement to the tax payers and to facilitate the payment of income tax online, fees or charges have been fixed for payment of income tax through e-return system, card payment, internet banking and MFS or PSP wallet. This will reduce the cost of paying income tax online.

Bangladesh Bank said that from now on, if the income tax is paid using card and internet banking, a maximum of Tk 20 per transaction can be collected from the customers for transactions up to Tk 25 thousand and a maximum Tk 50 per transaction for more than Tk 25 thousand. If the transaction is done using MFS or PSP wallet, one percent or a maximum of 30 rupees per transaction will be charged from the customer. This fee includes Value Added Tax (VAT).