Huge Shifts in Tax Rebates: What the Budget 2026-27 Section 78 Changes Mean for Your Savings
Are you trying to figure out how the new national budget affects your wallet? The Bangladesh National Budget for Fiscal Year 2026-27 has rolled out sweeping reforms to personal income tax. The biggest talking point this year is the massive overhaul of Section 78 of the Income Tax Act, 2023, which directly reshapes how your investment tax rebate is calculated. If you rely on DPS, Sanchayapatra, or life insurance to lower your tax burden, things are changing. Let’s dive deep into the old vs. new tax rebate rules and see exactly how these changes impact your financial planning this year. What is Section 78 in Bangladesh Income Tax? Under Section 78, the government allows taxpayers to claim a financial deduction (rebate) from their total payable tax if they invest in approved sectors. These sectors typically include: · National Savings Certificates (Sanchayapatra) · Deposit Pension Schemes (DPS) · ...