Md.

Imran Hossain
Computation of Total Income
Assessment Year: 2017-2018 (Income year 2016-2017)
Taka Taka
Income from Salary (u/s-21):
Basic salary (From 01 July 2016 to 30 June 2017) 372,000
Festival Bonus (Two Eid Bonuses) 85,500

House Rent allowance (Rule-33A) 186,000

Less: Exemption
50% of Basic salary or 186,000
Tk 25,000 per month 300,000
Lower one of above 186,000
-
Medical allowance 37,200
Less: Exemption (Rule-33I)
10% of Basic Salary or 37,200
Tk.120,000 120,000
Lower one of above 37,200
-
Conveyance allowance 148,800
Less: Exemption as per Rule 33C 30,000
118,800
Employer's Contribution to RPF (10% of Basic) 37,200
Income from Salary (u/s-21) 613,500
Total Income 613,500

Calculation of investment allowance (under 6th schedule, Part-B):

Payment of Life insurance premium (as per para-1 of 6th Schedule, Part-B) 46,760
[Allowed for assessee, spouse, minor child only upto 10% of policy TK. 500,000]
Lower one of TK. 50,000 and Tk. 46,760 is allowable as investment
Contribution to RPF [Employer's and Employee] 74,400
DPS with Bank Asia (14,020*12)=168,240 or Tk. 60,000 whichever is lower 60,000
Actual investment 181,160
Allowable investment allowance (u/s-44):
Actual investment OR 181,160
25% of total income [excluding exempted or reduced tax income, income u/s-82C]. OR 153,375

Maximum allowable investment 15,000,000

Allowable investment (lower of the above) 153,375

Computation of tax liabilities

On first Tk. 250,000 @ 0% -

On next Tk. 363,500 @ 10% 36,350
On next Tk. - @ 15% -
Total 613,500 36,350
Less: 15% Rebate on investment allowance (23,006)
Tax liability after rebate 13,344
Less: Tax deducted at source from
Salary (9,394)
Net tax to be paid 3,950
 Md. Ashrafrul Islam
Computation of Total Income
Assessment year 2017-2018 (Income year 2016-2017)

Note Taka
Income from Salary (u/s-21):
Basic salary (From July 2016 to September 2016) (32,500 X 3) 97,500
Basic Salary (From Oct'16 to Jun'17) (35,750 X 9) 321,750
Festival Bonus (65,000*75%*25%) + (65,000*75%*50%) 36,563

House Rent allowance (Rule-33A) (17,875*9)+(16,250*3) 209,625

Less: Exemption
50% of Basic salary or 209,625
Tk 25,000 per month 300,000
Lower one of above 209,625
-
Medical allowance (3,250*3) + (3,575*9) 41,925
Less: Exemption (Rule-33I):
10% of Basic Salary or 41,925
Tk.120,000 120,000
Lower one of above 41,925
-
Conveyance allowance (13,000*3) + (14,300*9) 167,700
Less: Exemption as per Rule 33C 30,000
137,700
Employer's Contribution to RPF (10% of Basic) 41,925
Interest on RPF Para-25 Part-A 6th schedule):
Interest on RPF -
Less: Exemption
1/3 of salary[(300000+0)/3]=Tk.100,000 (As per definition of salary under 1st
schedule, part-B of ITO 1984, "salary includes dearness allowance if the terms
of employment so provides, but excludes all other allowance and 32,500
perquisites.")

14.5% of cumulative RPF(Tk.96,000/.16)*14.5% -

[higher one exempted as per high court verdict for benefit of doubt goes
to assessee] 32,500
-

Income from Salary (u/s-21) 635,438

Total Income 635,438

Calculation of investment allowance (under 6th schedule, Part-B):

Payment of Life insurance premium (as per para-1 of 6th Schedule, Part-B) 12,000
[Allowed for assessee, spouse, minor child only upto 10% of policy]
Contribution to RPF [Employer's and Employee] 83,850
Purchase of Laptop (1 pcs for Tk. 35,000) 35,000
Purchase of 5-years' Bangladesh Sanchaypatra -
Investment in shares of a listed company -
Investment in DPS [Maximum up to Tk. 60,000] -
Donation to charitable institutions as approved by NBR -
Actual investment 130,850
Allowable investment allowance (u/s-44):
Actual investment OR 130,850
25% of total income [excluding employer's contribution to RPF, interest on RPF (excluding 148,378
interest para-25, part-A 6th schedule), income u/s-82C]. OR
Maximum allowable investment 15,000,000
Allowable investment (lower of the above) 130,850
 Computation of tax liabilities

On first Tk. 250,000 @ 0% -

On next Tk. 385,438 @ 10% 38,544
Total 635,438 38,544
Less: 15% Rebate on investment allowance (19,628)
Tax liability after rebate 18,916
Less: Tax deducted at source from
Salary (12,890)
Net tax to be paid through Treasury Challan/PO/Cheque 6,026
 Name of Assessee: Mr. X
Type of Assessee : Male
Residential Area : Other City Corporation
Computation of Total Income
Assessment Year: 2022-2023 (Income year 2021-2022)
Particulars Taka Taka
Income from Salary (u/s-21):
Basic salary (From 01 July 2021 to 30 June 2022) 1,032,000 ###
Festival Bonus (Two Eid Bonuses) 172,000
Performance Bonus -
Other Incomes or Actual Allowances -

House Rent allowance (Rule-33A) 516,000

Less: Exemption
50% of Basic salary OR 516,000
Tk 25,000 per month 300,000
Lower one of above 300,000 216,000

Medical allowance 309,600 ###

Less: Exemption (Rule-33I)
10% of Basic Salary OR 103,200
Tk.120,000 per annum 120,000
Lower one of above 103,200 206,400

Conveyance allowance 206,400 ###

Less: Exemption as per Rule 33C 30,000 176,400

Employer's Contribution to RPF (10% of Basic) -

A1 Income from Salary (u/s-21) 1,802,800
Income from Interest on Securities (u/s-22):
Interest Received or Receivable from any Govt. Approved Securities -
A2 Less: Bank Charges or Commissions to collect the interest amount - -

Income from Capital Gain (u/s-31):

Gain from Sale of Listed Company Shares -
A3 Less: Fully Exempted as per SRO 250 - -

Income from Other Sources (u/s-33):

Income from Dividend of Listed Company Shares -
A4 Less: Exempted up to TK. 50,000 [6th Sch, Part-A, Para-11A] 50,000 -

Income from Interest of DPS or FDR or Savings Account [53F] & [82C] -
Add: Tax Deducted at Source from above Interest Income - -

Income from Interest on Post Office Saving Bank Account [53I] & [82C] -
Add: Tax Deducted at Source from above Interest Income - -

A5 Total Taxable Income 1,802,800

Calculation of Investment Allowance (under 6th Schedule, Part-B):

1 Payment of Life insurance premium (as per para-1 of 6th Schedule, Part-B) -
[Allowed for assessee, spouse, minor child only upto 10% of policy value]
Lower one of 10% of Policy Value or Actual Premium paid is allowable as investment
2 Contribution to RPF [Employer's and Employee's both party @10% of Basic] -
3 Purchase of Sanchaypatra / Savings Certificates or Instruments [Para-10] 300,000
4 Deposit Pension Scheme (DPS) Maximum TK. 60,000 [Para-11] -
5 Purchase of Shares/Stocks of listed company/mutual fund/debenture [Para-27] -
 Actual investment 300,000

Allowable Investment Allowance (Eligible Amount for Rebate) (u/s-44):

a) Actual investment OR 300,000
b) 20% of total income [excluding exempted or reduced tax income, income u/s-82C]. OR 360,560

Maximum allowable investment 10,000,000

Allowable investment (lower of the above 3 options) 300,000

Computation of tax liabilities

On first Taka 300,000 300,000 @ 0% -

On next Taka 400,000 100,000 @ 5% 5,000
On next Taka 700,000 300,000 @ 10% 30,000
On next Taka 1,100,000 400,000 @ 15% 60,000
On next Taka 1,600,000 500,000 @ 20% 100,000
On rest of the Taka 202,800 202,800 @ 25% 50,700
A6 Total 1,802,800 245,700
Less: Rebate on investment allowance ###
A7 If Return is submitted within time mentioned in Sec.75 @15% on eligible amount 30,000
Tax liability after rebate 215,700
Less: Tax deducted at source from
T1 Salary TDS 200,628
T2 Sanchay Partra TDS -
Bank Interest / FDR Interest TDS -
Private Car Tax Token Amount -
Refund of Last Asessment Year -
Tax Liability as per Assessment u/s 74 15,072

Minimum Tax Payable

1. Tax Liability as per Residential Area 4,000 4,000
2. Tax Liablity as per Assessment u/s 74 15,072

A8 Net Tax Payable by the Assessee after Assessment u/s 82BB, higher of above options 15,072
 Cashflow Statement
AY 2022-23

Particulars Amount in BDT

Opening Balance of Cash & Bank 2,734,644
Add: Inflow from Taxable Sources of Income
Salary and Allowances during the year 2,236,000
Interest Income -

Add: Inflow from Non-Taxable Sources of Income

Office Expense Reimbursement (33J) -

Sub-Total of Cash Inflows during the FY 2,236,000

Less: Outflow of Cash for Family Expenditures

Family Expenditures 1,727,628

Less: Outflow for Investment Purpose

Investment in Sanchaypatra 300,000

Less: Outflow for addition of Assets

Purchase of Furnitures -
Less: Outflow for Settlement of Liabilities
Tax paid with return -
Less: Outflow for Other Purposes
Reimburseable Office Expenses for Office Duties -
###
Sub-Total of Cash Outflows during the FY 2,027,628
###
Net Increase / (Decrease) in Cash 208,372

Closing Balance of Cash and Bank 2,943,016

 SCHEDULE 24A
Particulars of Income from Salaries

Particulars Amount Tax Exempted Taxable*

Basic Pay (Rule-33) 1,032,000 - 1,032,000
House Rent Allowance (Rule-33A) 516,000 300,000 216,000
Medical Allowance (Rule-33I) 309,600 103,200 206,400
Conveyance Allowance (Rule-33C) 206,400 30,000 176,400
Entertainment Allowance - - -
Performance Allowance - - -
Bonus / Ex-Gratia 172,000 - 172,000
Employer's Contribution to RPF - - -
Total 2,236,000 433,200 1,802,800

* Taxable income shall be more than BDT 300,000 for Man and BDT 350,000 for Woman.
 SCHEDULE 24D
Particulars of Tax Creddit or Rebate

Particulars Amount in BDT

Payment of Life insurance premium (as per para-1 of 6th Schedule, Part-B) -
Contribution to RPF [Employer's and Employee's both party @10% of Basic] -
Purchase of Sanchaypatra / Savings Certificates or Instruments [Para-10] 300,000
Deposit Pension Scheme (DPS) Maximum TK. 60,000 [Para-11] -
Purchase of Shares/Stocks of listed company/mutual fund/debenture [Para-27] -
Total Allowable Investment -
Eligible Amount of Rebate (lower of below options) -
a) Total Allowable Investment/ Actual Investment -
b) 20% of Total Income (Excluding exempted or reduced tax income under 44(4) or any 360,560
income under 82C (2) (a)
c) Maximum limit 10,000,000

Rebate on investment allowance U/S 44(2)(b) Amount in BDT

i. If Return is submitted as per Sec. 75 then rebate is @ 15%
30,000
ii. If Return is submitted after the timeline mentioned in Sec. 75 then rebate @ 7.5%
 Statement of Assets, Liabilities and Expenses

Total
Opening Transaction
SL # Particulars Amount in
Balance during IY BDT
5 Business Capital (5A+5B) - -
5A 5A. Business Capital other than 5B - - -
5B 5B. Director's Shareholdings in limited companies (as in Sch 25) - - -
6 Non-Agricultural Property (6A+6B) - -
6A 6A. Non-Agricultural Property (as in Sch 25) - - -
6B 6B. Advance made for Non-Agricultural Property (as in Sch 25) - - -
7 Agricultural Property (as in Sch 25) - - -
8 Financial Assets Value (8A+8B+8C+8D+8E) 300,000 600,000
8A 8A. Shares, Debentures, Bonds, Mutual Funds etc. - - -
8B 8B. Savings Certificate, Bonds and Other Govt. Securities (BSP) 300,000 300,000 600,000
8C 8C. Fixed Deposit Scheme (DPS), Term Deposits, FDR - - -
8D 8D. Loans given to Others (Mention Name and TIN) - - -
8E 8E. Other Financial Assets (Give Details) - - -
9 Motor Car(s) (use additional paper if more than two cars) - - -
10 Gold, Diamond, Gems & Other items (mention quantity) 10 Vori - Value Unknown - - -
11 Furniture, equipment and electronic items 650,000 - 650,000
12 Other assets of significant value - - -
13 Cash and Fund Outside Business (A+B+C+D) 2,734,644 2,943,016
13A A) Notes & Currencies 2,262,043 208,372 2,470,415
13B B) Banks, Cards, and Other Electronic Cash 279,353 - 279,353
13C C) Provident fund and other fund 193,248 - 193,248
13D D) Other deposits, balance and advance (Other than 08) - - -
14 Gross wealth (Aggregate of 05 to 13) 3,684,644 4,193,016
15 Liabilities outside business (A+B+C) - -
15A A) Borrowings from banks and other financial institutions - - -
15B B) Unsecured loan (mention name and TIN) - - -
15C C) Other loans or overdrafts - - -
16 Net Wealth (14 - 15) 3,684,644 4,193,016
17 Net wealth at the last date of previous income year 3,049,254 3,684,644
18 Change in Net Wealth (16 - 17) 635,390 508,372
19 Other Fund outflow during the income year (A+B+C) 1,600,610 1,727,628
19A A) Annual living expenditure and tax payments (as IT10BB2016) 1,600,610 1,727,628
19B B) Loss, deductions, expenses, etc. not mentioned in IT-10BB2016 - -
19C C) Gift, donation and contribution (mention name of recipient) - -
20 Total fund outflow in the income year (18+19) 2,236,000 2,236,000
21 Sources of Fund (A+B+C) 2,236,000 2,236,000
21A A) Income shown in the return 1,802,800 1,802,800
21B B) Tax exempted income and allowance 433,200 433,200
21C C) Other receipts and sources (Life Time Savings) - -
22 Shortage of fund, if any (20-21) - -

Note: As per Sec. 80, if your gross wealth does not exceed BDT 40 lac or you do not own a Motor Car or have an Investment in House
Property or Apartment in any City Corporation Area, you do not need to furnish or submit this Statement (IT10B).
 Statement of Expenses relating to Lifestyle

SL # Particulars Amount
5 Expenses for food, clothing, medical & other essentials 560,000
6 Housing expense -
7 Auto and transportation expenses (A+B) 265,000
7A A) Driver's salary, fuel & maintenance 190,000
7B B) Other transportation 75,000
8 Household and utility expenses (A+B+C+D) 140,000
8A A) Electricity -
8B B) Gas, water, sewer & garbage -
8C C) Phone, internet, TV Channels subscription 85,000
8D D) Home-support staff & other expenses 55,000
9 Children's education expenses -
10 Special Expenses (A+B+C+D) 562,000
10A A) Festival, party, events & gifts 350,000
10B B) Domestic & overseas tour, holiday, etc. 185,000
10C C) Donation, philanthropy, etc. 15,000
10D D) Other special expenses 12,000
11 Any other expenses -
12 Total expense relating to lifestyle (5 to 11) 1,527,000
13 Payment of tax, charges, etc. (A+B) 200,628
13A A) Payment of tax at source (TDS) 200,628
13B B) Payment of tax, surcharge or other amount -
14 Total amount of expense and tax (12+13) 1,727,628
 Statement of Expenses relating to Lifestyle

SL # Particulars Amount
5 Expenses for food, clothing, medical & other essentials 394,377
6 Housing expense 240,000
7 Auto and transportation expenses (A+B) 24,000
7A A) Driver's salary, fuel & maintenance -
7B B) Other transportation 24,000
8 Household and utility expenses (A+B+C+D) 91,500
8A A) Electricity 24,000
8B B) Gas, water, sewer & garbage 27,500
8C C) Phone, internet, TV Channels subscription 25,000
8D D) Home-support staff & other expenses 15,000
9 Children's education expenses -
10 Special Expenses (A+B+C+D) 99,000
10A A) Festival, party, events & gifts 85,000
10B B) Domestic & overseas tour, holiday, etc. -
10C C) Donation, philanthropy, etc. 5,500
10D D) Other special expenses 8,500
11 Any other expenses -
12 Total expense relating to lifestyle (5 to 11) 848,877
13 Payment of tax, charges, etc. (A+B) 32,500
13A A) Payment of tax at source (TDS) 32,500
13B B) Payment of tax, surcharge or other amount -
14 Total amount of expense and tax (12+13) 881,377
 Statement of Assets, Liabilities and Expenses

Total
Opening Transaction
SL # Particulars Amount in
Balance during IY BDT
5 Business Capital (5A+5B) - -
5A 5A. Business Capital other than 5B - - -
5B 5B. Director's Shareholdings in limited companies (as in Sch 25) - - -
6 Non-Agricultural Property (6A+6B) - -
6A 6A. Non-Agricultural Property (as in Sch 25) - - -
6B 6B. Advance made for Non-Agricultural Property (as in Sch 25) - - -
7 Agricultural Property (as in Sch 25) - - -
8 Financial Assets Value (8A+8B+8C+8D+8E) - -
8A 8A. Shares, Debentures, Bonds, Mutual Funds etc. - - -
8B 8B. Savings Certificate, Bonds and Other Govt. Securities (BSP) - - -
8C 8C. Fixed Deposit Scheme (DPS), Term Deposits, FDR - - -
8D 8D. Loans given to Others (Mention Name and TIN) - - -
8E 8E. Other Financial Assets (Give Details) - - -
9 Motor Car(s) (use additional paper if more than two cars) - - -
10 Gold, Diamond, Gems & Other items (mention quantity) 10 Vori - Value Unknown - - -
11 Furniture, equipment and electronic items 335,000 - 335,000
12 Other assets of significant value - - -
13 Cash and Fund Outside Business (A+B+C+D) 512,748 685,739
13A A) Notes & Currencies 7,379 - 7,379
13B B) Banks, Cards, and Other Electronic Cash 1,032 875
13C C) Provident fund and other fund 341,509 77,377 418,886
13D D) Other deposits, balance and advance (Other than 08) 162,828 95,772 258,600
14 Gross wealth (Aggregate of 05 to 13) 847,748 1,020,739
15 Liabilities outside business (A+B+C) - 250,000
15A A) Borrowings from banks and other financial institutions - - 250,000
15B B) Unsecured loan (mention name and TIN) - - -
15C C) Other loans or overdrafts - - -
16 Net Wealth (14 - 15) 847,748 770,739
17 Net wealth at the last date of previous income year 677,903 847,748
18 Change in Net Wealth (16 - 17) 169,845 (77,009)
19 Other Fund outflow during the income year (A+B+C) 1,012,820 881,377
19A A) Annual living expenditure and tax payments (as IT10BB2016) 1,012,820 881,377
19B B) Loss, deductions, expenses, etc. not mentioned in IT-10BB2016 - -
19C C) Gift, donation and contribution (mention name of recipient) - -
20 Total fund outflow in the income year (18+19) 1,182,665 804,368
21 Sources of Fund (A+B+C) 1,182,665 804,368
21A A) Income shown in the return 843,159 542,238
21B B) Tax exempted income and allowance 339,506 262,130
21C C) Other receipts and sources (Life Time Savings) - -
22 Shortage of fund, if any (20-21) - 0

Note: As per Sec. 80, if your gross wealth does not exceed BDT 40 lac or you do not own a Motor Car or have an Investment in House
Property or Apartment in any City Corporation Area, you do not need to furnish or submit this Statement (IT10B).