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  • Interest On Securities

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    Sayed Piash
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    The document provides details on interest allocation amounts for investments on December 25, 2019 and December 29, 2019 totaling Tk. 2,380 and Tk. 3,082 respectively. It also includes information on income tax brackets and rates in Bangladesh, showing that tax on income of Tk. 848,000 would be Tk. 55,700 but with a rebate of Tk. 22,500 and tax deducted of Tk. 6,400, the net tax liability would be Tk. 26,800.

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    The document provides details on interest allocation amounts for investments on December 25, 2019 and December 29, 2019 totaling Tk. 2,380 and Tk. 3,082 respectively. It also includes information on income tax brackets and rates in Bangladesh, showing that tax on income of Tk. 848,000 would be Tk. 55,700 but with a rebate of Tk. 22,500 and tax deducted of Tk. 6,400, the net tax liability would be Tk. 26,800.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    10 views1 page

    Interest On Securities

    Uploaded by

    Sayed Piash
    The document provides details on interest allocation amounts for investments on December 25, 2019 and December 29, 2019 totaling Tk. 2,380 and Tk. 3,082 respectively. It also includes information on income tax brackets and rates in Bangladesh, showing that tax on income of Tk. 848,000 would be Tk. 55,700 but with a rebate of Tk. 22,500 and tax deducted of Tk. 6,400, the net tax liability would be Tk. 26,800.

    Copyright:

    © All Rights Reserved
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    Due date of Interest 31st December

    Invested on December 25, 2019 – Cum-interest transaction or ex-interest transaction to you.

    Invested on December 29, 2019 - Cum-interest transaction or ex-interest transaction to you.

    Allocate: Tk. 2,380


    Gross Interest Net Interest Allocation
    Tax Exempt 4,800 4,800 (4,800 ÷ 23,800) × 2380 = 480
    Taxable 5,000 4,750 (4,750 ÷ 23,800) × 2380 = 475
    Debenture 15,000 14,250 (14,250 ÷ 23,800) × 2380 = 1,425
    Total 24,800 23,800 2,380

    Allocation: Tk. 3,082


    Gross Interest Net Interest Allocation
    Tax Exempt 10,000 10,000 (10,000 ÷ 38,525) × 3,082 = 800
    Taxable 4,500 4,275 (4,275 ÷ 38,525) × 3,082 = 342
    Debenture 15,000 14,250 (14,250 ÷ 38,525) × 3,082 = 1,140
    Zero-Coupon 10,000 10,000 (10,000 ÷ 38,525) × 3,082 = 800
    Total 39,500 38,525 3,082

    On first Tk. 300,000 0% 0


    On next Tk. 100,000 5% 5,000
    On next Tk. 300,000 10% 30,000
    On next Tk. 118,000 15% 17,700
    On income under 82C Tk. 30,000 10% 3,000
    Tk. 848,000 55,700
    Less: Rebate on investment (150,000 × 15%) 22,500
    Net Tax Liability 33,200
    Less: Tax Deducted at Sources 6,400
    Tax Liability 26,800

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