Bangladeshs Personal Income Tax Structure

This is a rough idea. Specific cases maybe different, there are other provisions & requirements, and every year there are new laws, etc So please find the latest details. 1. Rebates: e.g. a. House Rent: 50% of basic or 180,000 (whichever is lower) b. Medical Allowance: Upto 24,000 c. Transportation Allowance: Upto 24,000

Bangladeshs Personal Income Tax Structure

d. 10% Allowable Investments: Allowable Investments include i. Life Insurance Premium. ii. Employers contribution to Provident Fund. iii. Employees contribution to Provident Fund. iv. Contribution to Deposit Pension Scheme. v. ICB unit certificates/PSP/Shares. vi. Others.

Bangladeshs Personal Income Tax Structure 2. Calculation of Tax on Income of (say) Tk 10,000,000 On the 1st Tk 165,000 @ nil nil On the next Tk 275,000 @ 10% 27,500 On the next Tk 325,000 @ 15% 48,750 On the next Tk 375,000 @ 20% 75,000 On the next Tk 8,860,000@ 25% 22,15,000 Total Tax Payable 23,66,250