Company Name : ABC
Individual Income Tax Calculation From Salary
Name of Employee: Karimul Haque
Tax Payer Status: Male
Input Data Here
Income Year: 2023-24
Assessment Year: 2024-25
Particulars Amount
Income from Salary (Basic,House Rent ,Conveyance,Medical & Festival Bonus) (under
Section 32 of ncome Tax Act-2024) 1,412,278.21
Less: Exemptions (As per 6th Schedule,Part-1,Para-27) 450,000 450,000
(Tk. 4,50,000 or 1/3 of Salary income whichever is Lower) 470,759 450,000.00
Taxable Income 962,278.21
Income Tax Payables Calculation
Tax Amount Minumum
61,842 5,000
Gross Tax Payable 61,842
Investment Rebate Calculation ( 6th Schedule Part-3)
1. 3% of Taxable Income 28,868
2. 15% of Actual Investment 36,899
3. Maximum Amount 1,000,000
Allowable Investment Rebate (Whichever is lower) 28,868
Net tax Payable 32,973
Monthly Deduction Amount 2,748
Monthly Gross Salary 100,000 1,200,000
Particulars % Monthly Pay Times Yearly
Basic Pay 57.14% 57,141 12 685,689
House Rent 28.57% 28,573 12 342,874
Conveyance 5.71% 5,715 12 68,575
Medical Expense 8.57% 8,572 12 102,862
Earn Leave 50,000
Provident Fund 7.00% 4,000 12 47,998
Dearness allowance Input Data Here
Festival Bonus 57.14% 57,140 2 114,280
Grand Total 1,412,278
Actual Investment
Sanchaypatra 1,000,000 500,000
DPS 100,000 100,000
Provident Fund 95,996 95,996 Input Data Here
Contribution to Super Annuation Fund
Insurance 50,000 50,000
Total Investment 245,996
