[up to 30 June, 2019]
Computation of Total Income and Income Tax Liability:
: Mr. Yoshihiro Nagai
E-TIN | : 222774229448
Designation | : Country Manager
Name of the employer | : Toyoshima & Co., Ltd.
Address | : Ventura Iconia, Plot # 37, 7th Floor,
Road # 11, Block # H, Banani, Dhaka-1213
Residential Status | : Resident
Employment period | :27th October, 2018 to Till Now
Income Year | : 2018-2019
Assessment Year | : 2019-2020
Particulars | Gross Income | Exempted Income | Taxable Income
Basic Salary | 1,371,097 | - | 1,371,097
House Rent | 118,339 | 118,339 | -
Conveyance Allowance | 20,403 | 20,403 | -
Medical Allowance | 40,806 | 40,806 | -
Total | 1,550,645 | 179,548 | 1,371,097
Income Tax Calculation
Particulars | Taxable Income | Tax rate | Income Tax
250,000 | Nill
On Second | 400,000 | 10% | 40,000
On Third | 500,000 | 15% | 75,000
On Fourts | 221,097 | 20% | 44,219
On Fifth | - | 25% | -
On Above | - | 30% | -
1,371,097 | 159,219
Total tax liability for the year | 159,219
Less: Tax paid by challan | 159,219
Balance | Nil
[From July 19 to June 20]
Computation of Total Income and Income Tax Liability:
: Mr. Yoshihiro Nagai
E-TIN | : 222774229448
Designation | : Country Manager
Name of the employer | : Toyoshima & Co., Ltd.
Address | : Ventura Iconia, Plot # 37, Flat # 7/F
Road # 11, Block # H, Banani, Dhaka-1213
Residential Status | : Resident
Employment period | 27th October, 2018 to Till Now
Income Year | : 2019-2020
Assessment Year | : 2020-2021
Particulars | Gross Income | Exempted Income | Taxable Income
Basic Salary | 2,032,323 | - | 2,032,323
House Rent | 178,081 | 178,081 | -
Conveyance Allowance | 30,000 | 30,000 | -
Medical Allowance | 60,000 | 60,000 | -
Total | 2,300,403 | 268,081 | 2,032,323
Income Tax Calculation
Particulars | Taxable Income | Tax rate | Income Tax
300,000 | 0% | Nill
On Second | 100,000 | 5% | 5,000
On Third | 300,000 | 10% | 30,000
On Fourts | 400,000 | 15% | 60,000
Remaining | 500,000 | 20% | 100,000
432,323 | 25% | 108,081
2,032,323 | 303,081
Total tax liability for the year | 303,081
Total tax liability for the year | 303,081
Less: Tax already paid by challan (July 2019 to February 2020) | 203,265
Balance | 99,816
Tax liability per month (Payable through 04 Months from March '20 to Jun'20) | 24,954