Computation of Total Income of Dr.

chowdhury for the assesment year 2008-2009

Particulars
Basic salary tk. 100000 per month House rent 60% of basic Less: Exempted 15000 pm or 50% of basic (whicever is less) Medical Allowance 10% of Basic Entertainment Allowance 15% of basic Bonus Equivalent 2 months pay (100000*2) Conveyance facilites (7.5% of basic) overhead allowance Setting question and evaluating the answer scripts Employers contribution to RPF 5% of basic Interest from securities Interest from Debentures Total Income Amount in BDT Details Total 100000*12 720000 180000 1200000 540000 120000 180000 200000 90000 50000 30000 60000 4000 16000 2490000

Computation of Investment Allowance Employer's & Employees contribution to RPF (60000*2) Saving certificates Contributed to Aga khan establishments Total investment allowance claimed

Amount(BDT) 120000 50000 80000 250000

Investment allowance comes to 25% of total income = (2490000-60000)*25%=607500) or actual investment 250000 or maximum 500000 whichever is less. So allowable investment allowance is Tk. 250000

Tax Calculation

Particulars
On the 1st Tk. 165000 of total income On next Tk. 275000 of total income On next Tk. 325000 of total income On next Tk. 375000 of total income Balance Tk. 1350000 Tax on total income Less: Investment rebate (10% of 250000) Net tax payable Less: Tax deducted at source Tk. 2500 per month Balance Payable Made By

Tax Rate
0 10% 15% 20% 25%

Amount (BDT)
Nil 27500 48750 75000 337500 488750 25000 463750 30000 433750

Name: M Rakibul Alam