Income Range Of Middle Class In Bangladesh

Only savings are 80c ie 1 5 lacs for tax exemptions.

Income range of middle class in bangladesh. There was no definition of the middle class accepted by all he said. Salaries vary drastically between different careers. We project that each year for the next decade the annual income of around 2 million additional bangladeshis will reach 5 000 or more. I can t claim that i ve been paying close attention to its economy but i was nonetheless started to see that bangladesh has shifted in the world bank s classification from being a low income to a middle income country.

A person belongs to the middle class category when. The highlighted cities are more commonly referred to as districts in bangladesh. They manage to save some money for retirement. Salaries range from 6 580 bdt lowest average to 116 000 bdt highest average actual maximum salary is higher.

Hence lower middle class status starts at approx 6 lacs annual income before taxes and savings. This is a middle class which is demanding services of various kinds for their consumption. This range includes many professional level jobs at the professional salary rate. Middle income job level is the most densely populated salary range.

Generally a person with a daily income of 2 to 3 us dollar is included in the middle class. An annual inhand income of 4 8 lacs. The upper middle class group is. Although the number of middle class and affluent consumers in bangladesh re mains small compared with those of other big emerging markets in asia bangla desh is one of the fastest growing markets worldwide.

A person working in bangladesh typically earns around 26 000 bdt per month. The asian development bank has come up with a figure of bangladesh middle class of 37 million people with income ranging between 2 to 20 per capita per day. At current prices bangladesh s per capita gni would have to exceed us 1 025 to reach the lower end of low middle income status. At present 20 percent of the population belongs to the middle income category in bangladesh in contrast to 24 1 percent in neighbouring india.

Bangladesh has over 160 million people which makes it the eighth most populous country in the world just behind pakistan and nigeria just ahead of russia mexico and japan. Usually middle class people job status also. Mac middle and affluent class.