The government has increased excise duty on domestic and international air ticket prices and deposits in banks and financial institutions by up to 67 per cent for the next fiscal year.
The government in the budget for FY 2015-16 proposed to increase the excise duty amending the Excises and Salt Act-1944.
The increased excise duty rates have been effective from June 4.
According to the National Board of Revenue, domestic air travelers will have to pay Tk 500 per ticket for single journey instead of the current Tk 300.
For travelling in the countries of South Asian Association for Regional Cooperation, passengers will have to pay Tk 500 per seat which was Tk 300.
Excise duty has also been increased to Tk 1,000 per air ticket for travelling to other Asian countries from the existing Tk 500 and for rest of world to Tk 1,500 per seat from Tk 1,000.
Airlines will collect the duty with air ticket fees.
In a press statement, Biman Bangladesh Airlines said that passengers who had already purchased the ticket without paying excise duty would have to pay the duty at airports before their journey.
On balance in accounts with banks and financial institutes, the excise duty has been increased to Tk 150 per year from Tk 120 if the balance, credit or debit, exceeds Tk 20,000 at any time during a year but less than Tk 1 lakh.
For balance of Tk 1 lakh to Tk 10 lakh, the payable excise duty will be Tk 500 per year which is now Tk 350.
Account holders will have to pay Tk 1,500 per year as excise duty instead of Tk 1,000 for balance of Tk 10 lakh to Tk 1 crore.
For balance ranging from Tk 1 crore to Tk 5 crore, the rate of excise duty has been increased to Tk 7,500 from the existing Tk 5,000 while for balance above Tk 5 crore, account holders will have to pay Tk 15,000 per year as excise duty in next year which was Tk 10,000 in the current year.
Banks and financial institutions usually deduct the duty from the accounts when the balance crosses the limit.

The government has increased excise duty on domestic and international air ticket prices and deposits in banks and financial institutions by up to 67 per cent for the next fiscal year.
The government in the budget for FY 2015-16 proposed to increase the excise duty amending the Excises and Salt Act-1944.
The increased excise duty rates have been effective from June 4.
According to the National Board of Revenue, domestic air travelers will have to pay Tk 500 per ticket for single journey instead of the current Tk 300.
For travelling in the countries of South Asian Association for Regional Cooperation, passengers will have to pay Tk 500 per seat which was Tk 300.
Excise duty has also been increased to Tk 1,000 per air ticket for travelling to other Asian countries from the existing Tk 500 and for rest of world to Tk 1,500 per seat from Tk 1,000.
Airlines will collect the duty with air ticket fees.
In a press statement, Biman Bangladesh Airlines said that passengers who had already purchased the ticket without paying excise duty would have to pay the duty at airports before their journey.
On balance in accounts with banks and financial institutes, the excise duty has been increased to Tk 150 per year from Tk 120 if the balance, credit or debit, exceeds Tk 20,000 at any time during a year but less than Tk 1 lakh.
For balance of Tk 1 lakh to Tk 10 lakh, the payable excise duty will be Tk 500 per year which is now Tk 350.
Account holders will have to pay Tk 1,500 per year as excise duty instead of Tk 1,000 for balance of Tk 10 lakh to Tk 1 crore.
For balance ranging from Tk 1 crore to Tk 5 crore, the rate of excise duty has been increased to Tk 7,500 from the existing Tk 5,000 while for balance above Tk 5 crore, account holders will have to pay Tk 15,000 per year as excise duty in next year which was Tk 10,000 in the current year.
Banks and financial institutions usually deduct the duty from the accounts when the balance crosses the limit.

The government has increased excise duty on domestic and international air ticket prices and deposits in banks and financial institutions by up to 67 per cent for the next fiscal year.
The government in the budget for FY 2015-16 proposed to increase the excise duty amending the Excises and Salt Act-1944.
The increased excise duty rates have been effective from June 4.
According to the National Board of Revenue, domestic air travelers will have to pay Tk 500 per ticket for single journey instead of the current Tk 300.
For travelling in the countries of South Asian Association for Regional Cooperation, passengers will have to pay Tk 500 per seat which was Tk 300.
Excise duty has also been increased to Tk 1,000 per air ticket for travelling to other Asian countries from the existing Tk 500 and for rest of world to Tk 1,500 per seat from Tk 1,000.
Airlines will collect the duty with air ticket fees.
In a press statement, Biman Bangladesh Airlines said that passengers who had already purchased the ticket without paying excise duty would have to pay the duty at airports before their journey.
On balance in accounts with banks and financial institutes, the excise duty has been increased to Tk 150 per year from Tk 120 if the balance, credit or debit, exceeds Tk 20,000 at any time during a year but less than Tk 1 lakh.
For balance of Tk 1 lakh to Tk 10 lakh, the payable excise duty will be Tk 500 per year which is now Tk 350.
Account holders will have to pay Tk 1,500 per year as excise duty instead of Tk 1,000 for balance of Tk 10 lakh to Tk 1 crore.
For balance ranging from Tk 1 crore to Tk 5 crore, the rate of excise duty has been increased to Tk 7,500 from the existing Tk 5,000 while for balance above Tk 5 crore, account holders will have to pay Tk 15,000 per year as excise duty in next year which was Tk 10,000 in the current year.
Banks and financial institutions usually deduct the duty from the accounts when the balance crosses the limit.

The government has increased excise duty on domestic and international air ticket prices and deposits in banks and financial institutions by up to 67 per cent for the next fiscal year.
The government in the budget for FY 2015-16 proposed to increase the excise duty amending the Excises and Salt Act-1944.
The increased excise duty rates have been effective from June 4.
According to the National Board of Revenue, domestic air travelers will have to pay Tk 500 per ticket for single journey instead of the current Tk 300.
For travelling in the countries of South Asian Association for Regional Cooperation, passengers will have to pay Tk 500 per seat which was Tk 300.
Excise duty has also been increased to Tk 1,000 per air ticket for travelling to other Asian countries from the existing Tk 500 and for rest of world to Tk 1,500 per seat from Tk 1,000.
Airlines will collect the duty with air ticket fees.
In a press statement, Biman Bangladesh Airlines said that passengers who had already purchased the ticket without paying excise duty would have to pay the duty at airports before their journey.
On balance in accounts with banks and financial institutes, the excise duty has been increased to Tk 150 per year from Tk 120 if the balance, credit or debit, exceeds Tk 20,000 at any time during a year but less than Tk 1 lakh.
For balance of Tk 1 lakh to Tk 10 lakh, the payable excise duty will be Tk 500 per year which is now Tk 350.
Account holders will have to pay Tk 1,500 per year as excise duty instead of Tk 1,000 for balance of Tk 10 lakh to Tk 1 crore.
For balance ranging from Tk 1 crore to Tk 5 crore, the rate of excise duty has been increased to Tk 7,500 from the existing Tk 5,000 while for balance above Tk 5 crore, account holders will have to pay Tk 15,000 per year as excise duty in next year which was Tk 10,000 in the current year.
Banks and financial institutions usually deduct the duty from the accounts when the balance crosses the limit.

The government has increased excise duty on domestic and international air ticket prices and deposits in banks and financial institutions by up to 67 per cent for the next fiscal year.
The government in the budget for FY 2015-16 proposed to increase the excise duty amending the Excises and Salt Act-1944.
The increased excise duty rates have been effective from June 4.
According to the National Board of Revenue, domestic air travelers will have to pay Tk 500 per ticket for single journey instead of the current Tk 300.
For travelling in the countries of South Asian Association for Regional Cooperation, passengers will have to pay Tk 500 per seat which was Tk 300.
Excise duty has also been increased to Tk 1,000 per air ticket for travelling to other Asian countries from the existing Tk 500 and for rest of world to Tk 1,500 per seat from Tk 1,000.
Airlines will collect the duty with air ticket fees.
In a press statement, Biman Bangladesh Airlines said that passengers who had already purchased the ticket without paying excise duty would have to pay the duty at airports before their journey.
On balance in accounts with banks and financial institutes, the excise duty has been increased to Tk 150 per year from Tk 120 if the balance, credit or debit, exceeds Tk 20,000 at any time during a year but less than Tk 1 lakh.
For balance of Tk 1 lakh to Tk 10 lakh, the payable excise duty will be Tk 500 per year which is now Tk 350.
Account holders will have to pay Tk 1,500 per year as excise duty instead of Tk 1,000 for balance of Tk 10 lakh to Tk 1 crore.
For balance ranging from Tk 1 crore to Tk 5 crore, the rate of excise duty has been increased to Tk 7,500 from the existing Tk 5,000 while for balance above Tk 5 crore, account holders will have to pay Tk 15,000 per year as excise duty in next year which was Tk 10,000 in the current year.
Banks and financial institutions usually deduct the duty from the accounts when the balance crosses the limit.

The government has increased excise duty on domestic and international air ticket prices and deposits in banks and financial institutions by up to 67 per cent for the next fiscal year.
The government in the budget for FY 2015-16 proposed to increase the excise duty amending the Excises and Salt Act-1944.
The increased excise duty rates have been effective from June 4.
According to the National Board of Revenue, domestic air travelers will have to pay Tk 500 per ticket for single journey instead of the current Tk 300.
For travelling in the countries of South Asian Association for Regional Cooperation, passengers will have to pay Tk 500 per seat which was Tk 300.
Excise duty has also been increased to Tk 1,000 per air ticket for travelling to other Asian countries from the existing Tk 500 and for rest of world to Tk 1,500 per seat from Tk 1,000.
Airlines will collect the duty with air ticket fees.
In a press statement, Biman Bangladesh Airlines said that passengers who had already purchased the ticket without paying excise duty would have to pay the duty at airports before their journey.
On balance in accounts with banks and financial institutes, the excise duty has been increased to Tk 150 per year from Tk 120 if the balance, credit or debit, exceeds Tk 20,000 at any time during a year but less than Tk 1 lakh.
For balance of Tk 1 lakh to Tk 10 lakh, the payable excise duty will be Tk 500 per year which is now Tk 350.
Account holders will have to pay Tk 1,500 per year as excise duty instead of Tk 1,000 for balance of Tk 10 lakh to Tk 1 crore.
For balance ranging from Tk 1 crore to Tk 5 crore, the rate of excise duty has been increased to Tk 7,500 from the existing Tk 5,000 while for balance above Tk 5 crore, account holders will have to pay Tk 15,000 per year as excise duty in next year which was Tk 10,000 in the current year.
Banks and financial institutions usually deduct the duty from the accounts when the balance crosses the limit.