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Computation of Income & Tax (Projected)
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Income Year: 2024-2025
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Assessment Year: 2025-2026
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Name:Md.Sabbir Hossain
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Designation:Executive
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Department:Finance & Accounts14000
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Gross Monthly Salary:54000Bonus 42,000 39%
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Gross Yearly Salary: 648,000
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Income from Salary
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Particulars
Total Income
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Basic Salary (60%) 388,800
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House Rent (30%) 194,400
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Medical Allowance (6%) 38,880
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Conveyance Allowance (4%) 25,920
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Festival Bomus (60% of Gross,2 time in Year) 42,000
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Other Allowance (car Allowance)
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Total Income from Salary 690,000
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 450,000
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 230,000
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Exemption (lower of 1/3rd and 450,000) 230,000
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Net Taxable Income 460,000
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Computation of Investment Allowance
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Particulars Investment
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DPS
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Sanchoypatra
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Other Investment
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Total Actual Investment -
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A.15% of Actual Investment -
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B. 3% of net Taxable Income* 13,800
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C. Maximum Limit1,000,000
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Allowable Investment Allowance (Lower of A,B & C) -
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* Excluding income on which a tax exemption or a reduced rate or minimum tax rate is applicable.
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Tax Liability Calculation Income Amount 460,000 Rate Tax AmountIncome Details Tax Rate
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Income tax on first 0-350000 350,000 0% - (a)Tax On 1st 350,000Tk 0
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Income tax on next 350000-450000 100,000 5% 5,000 (b)Tax on Next 100,000Tk5%
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Income tax on next 450000-850000 10,000 10% 1,000 ('c)Tax on after next 400,000Tk10%
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Income tax on next 850000-1350000 - 15% - (d)
Tax on After next 5,00,000Tk Will be
15%
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Income tax on next 1350000-1850000 - 20% - (,e)
Tax on after next 500,000Tk will be
20%
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On Remaining Amount 1850000-Above FALSE 25% - (f)After all income 25%
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Total Tex Payable - 6,000
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Less: Investment Rebate 0
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Total Tax Liabilities 6,000
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Less:Advance Income Tax Paid In Advance (Vehicle Tax or Others)-Input Manually
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Net Liabilities 6,000
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Per month TDS deduction from Salary 500
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