The government has proposed raising the excise duty exemption limit on bank deposits from Tk聽1 lakh to Tk聽3 lakh for the 2024-25 fiscal year.
The measure was unveiled by finance adviser Salehuddin Ahmed in a pre-recorded budget speech broadcast on Monday.
He presented the proposed national budget amounting to Tk聽7,89,999 crore.
鈥楨xcise duty exemption has been provided on bank balances up to Tk聽3 lakh instead of Tk聽1 lakh,鈥� he said.
Currently, excise duty for bank deposits ranging from Tk聽1 lakh to Tk聽5 lakh is Tk聽150 and for the deposits ranging from Tk聽5 lakh to Tk聽10 lakh is Tk聽500, which will remain unchanged.
For deposits above Tk聽10 lakh to Tk聽1 crore, the excise duty is currently Tk聽3,000.
For deposits between Tk聽1 crore and Tk聽5 crore, the current excise duty is Tk聽15,000.
For bank deposits above Tk聽5 crore, the excise duty remains unchanged at Tk聽50,000.
