Income tax
How to calculate total taxable income
Do you work in accounts department? Are you responsible to disburse salary after deduction of tax before salary transfer to the respective bank accounts? Or frequently we heard that a large amount has been deducted as tax from my salary. I have asked to accounts people. But they reply it […]
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How to calculate minimum tax
What is your minimum tax liability? BDT 5,000 or 4,000 or 3,000? Or the different amount? Really it varies. Generally we know that if any taxpayer’s taxable income exceeds the minimum taxable threshold then he has to pay tax on that exceeded amount at a certain percentages. But if his […]
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How to submit your income tax return
INCOME tax return means submission of return of income in the prescribed form to the Deputy Commissioner (DC) of Taxes by a person whose total income during the income year exceeds the maximum amount of non-chargeable income or the income of any other person in respect of which he is […]
FollowLast day to submit tax return of income
You know from the last income year the tax day in Bangladesh is observed on 30 November of each Calendar year by the NBR. If any person fails to file return of income to the NBR without any reasonable cause then the person will be liable for penalty under the […]
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This section is not mandatory for all taxpayer. In this section you have to provide the information of yourself, your spouse and dependent children. You have to fill up this section only if you fulfill any of the following criteria: a) Gross wealth exceeds BDT 25 lakh on the last […]
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Statement of income during the income year
In second section you have to provide your total income during the income year 2016-17 which is known as statement of income. As you are a salaried person so you have to calculate your total taxable income for the income year. Guess you are able to calculate total taxable income […]
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General information about income tax return
This is the first page of your return of income. In the right top corner of this page you have to attach your photograph and in the left top side you have to write down the assessment year. Your assessment year is 2017-18. After completing the above two information then […]
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