Computation of Tax Liability

Assessee : Osman Gani

e-T I N :
Assessment Year : 2023 - 2024
Income Year : 2022-2023

Amount of
Amount of Net Taxable
INCOME FROM SALARY Exempted
Income (Tk) Income (Tk.)
Income (Tk)
Basic Salary 274,670 274,670
House Rent 137,335 137,335
Medical Allowance 27,467 27,467
Conveyance Allowance 30,000 30,000
Bonus 91,870 91,870
PF ( Employer) 27,624 27,624
Others 185,008 185,008
-
TOTAL INCOME FROM SALARY (A) Certificate enclosed 773,974 257,991 515,983
Less : Exempted ( 1/3 of Total Salary or Tk. 4,50,000/=which is less)

BANK INTEREST INCOME (B) Document enclosed -

OTHER INCOME Dividend (C ) Document enclosed -
TOTAL TAXABLE INCOME ( A+B+C) 515,983

ADMISSIBLE INVESTMENT ALLOWANCES FOR TAX CREDIT (As per PART- B of Sixth Schedule)
Life Insurance Premium -
Employees & Employer's Cont.to P.F 55,248
Investment in approved stocks, shares etc. -
Deposit Pension Scheme, BSP 8,287
Total Actual Investment 55,248
Allowable limit 25% of Total Income (Excluding Employer Contribution)
(whichever is lower)

15% TAX CREDIT ON ABOVE INVESTMENT ALLOWANCE COMES 8,287

Tax Taxable Rate of Income Tax Tax

Computation Income Tax Payable Liability (Tk)
On first 350,000 Nil -
On the next 100,000.00 100,000 5% 5,000
On the next 3,00,000.00 65,983 10% 6,598
On the next 4,00,000.00 - 15% #VALUE! 11,598
On the next 5,00,000.00 - 20% #VALUE!
On balance - 25% -
Total Tk. 515,983 11,598

TAX REBATE FOR DECLERATION OF MORE THAN 15% HIGHER INCOME

Less : 15% TAX REBATE ON Tk. -

TAX CREDIT ON INVESTMENT (AS ABOVE) Tk. 8,287
TOTAL REBATE 8,287

NET TAX PAYABLE( after rebate) 3,311

Less : Tax deducted at source and deposited by ACME 5,000

Adjustment of Tax Return -
Less : Minimum Tax Payment
BALANCE TAX PAYABLE/(REFUNDABLE) -

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Osman Gani