Information about Bangladesh Minimum wage and taxes.

The minimum wage in Bangladesh is set at 8,000 Bangladeshi taka (BDT) as of 2021. This wage is calculated by taking into account an 8-hour working day per month and 6 days per week. Income tax in Bangladesh is a tax system with low rates for low-income groups. Income tax rates vary depending on the amount and category of income. Below are the income tax brackets and rates applicable in Bangladesh: - For income between 0 - 250,000 BDT, the tax rate is 0%. - For income between BDT 250,001 - 400,000, the tax rate is 10%. - For income between BDT 400,001 - 500,000, the tax rate is 15%. - For income between BDT 500,001 - 3,000,000, the tax rate is 20%. - For incomes of BDT 3,000,001 and above, the tax rate is 30%. Additionally, a tax called social welfare tax is also imposed on income in Bangladesh. This tax rate is 1%. The tax rates mentioned above apply only to income tax. The rates of other types of taxes, such as value added tax (VAT), may vary. Therefore, it is important to check Bangladesh tax legislation and current tax rates to have a complete knowledge of tax matters.

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