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Computation of Taxable Income and Tax Liability | INPUT PERSONAL INFORMATION
Name of Assessee: | Robin Barua | If employed, employer's name: | Toyoshima & Co.,Ltd.
T I N : | 8.64854E+11 | 6 | 4 | 7 | 9 | 8 | 1 | 5 | 9 | 2 | 8 | 9 | 9 | Return submitted | US 180 | Address: | 7/F, Ventura Iconia, Plot # 37, Road # 11, Block # H, Banani, Dhaka-1213, Bangladesh.
Assessment Year : | 2021-2022 | 2 | 0 | 2 | 3 | - | 2 | 4 | Taxes Circle | 151 ( Salary) | Spouse Name: | N/A
Income Year : | 2020-2021 | 2 | 0 | 2 | 2 | - | 2 | 3 | Zone | 07, Dhaka | Spouse TIN (If any)
Father / husband Name: | Punyapada Barua
Schedule annexed | Present Address: | House# 467, Road# 08(East), D.O.H.S Baridhara, PO: 1206, cantonment, Dhaka
Income from Salary (Schedule 1) | Yes | Mobile | N/a
Income from House Property (Schedule 2) | Yes | Contact Telephone: | N/a
Income from House Property (Schedule 3) | Yes | Email: | N/a
Income from business or profession (Schedule 4) | Yes | NID: | 2816442889
Particulars of Tax Credit or Rebate (Schedule 5) | Yes | Name of Business | N/a
Asset, Liabilities & Expenses IT10B (2023) | Yes | Address: | N/a
Expenses relating to lifestyle IT10BB (2023) | Yes | Type of Business | N/a
Business ID Number: | N/a
Head of Income | Ref. | Taxable Income | Date of Birth | 0 | 7 | - | 1 | 2 | - | 1 | 9 | 8 | 5
Income from Salary (annex schedule 1) | S. 32 | 404,667 | Schedule 1
Income from House property (annex schedule 2) | Int. on Shanchaypatra | S. 35 | - | Schedule 2
Income from Agricultural (annex schedule 3) | S.40 | - | Schedule 3
Income from Business or profession (annex schedule 4) | S. 45 | - | Schedule 4
Capital Gain | S. 57 | -
Income from financial resources (Bank interest / profit, dividend, securities, Snchaypartea etc) | S. 62 | 15,432
Income from Other sources (royality, license fee, honorarium, fee, cash incentive etc.) | S. 66 | -
Income from Firm or private partnership | - | -
Income from Minor or Spouse under section | - | -
Foreign Income | - | - | Assessee Status
Total Taxable Income | 420,098 | Normal Individual | √
Less: Sanchay Patra Interest as per SRO No: 253/AIN/Income Tax-09/2023 (SL. No: 02) | 11,040
Net Taxable Income | 409,058
Firm | -
Catagory | Male | Tax Payable | Hindu undevided family | -
Tax Computation | Tax Slab | Taxable Income | Rate of Taxes | Income Tax Payable | Other | -
On first | 350,000 | 0% | -
On the next | 70,098 | 5% | 3,505
On the next | - | 10% | - | Gender | M | √ | F | -
On the next | - | 15% | - | Resident or Non-resident | R | √ | NR | -
On the next | (11,040) | 20% | (2,208)
On balance | 25% | -
Total Income | 409,058 | Tax | 1,297
Net Wealth
Eligible amount of Tax Rebate us 78: | Schedule 5 | From | Up to | Rate
(a) | 15% Total allowable investment, contribution, ect. ( annex schedule 5) | 47,268 | On first | 30,000,000 | 0%
(b) | 3% of the total income (excluding any income for which a tax exemption or a reduced rate is applicable under section 78 or any income from any source or sources mentioned in sub-section (2) of section 163.) | 12,140 | Next | 100,000,000 | 10%
Next | 200,000,000 | 20%
(c) | Tk.10,00,000/- | 10,000,000 | Next | 500,000,000 | 30%
Eligible amount of tax rebate (Whichever is less among with (a), (b) & (c) under section 78) | 12,140 | Remaining | 35%
Tax Rebate (Annexure Schedule 5) | 12,140
Minimum Tax as per 163 | Net Tax after Tax Rebate | (10,843)
Minimum Tax | - | Particulars | Tk.
Net Tax Liability | - | 75% U/S 173 | (8,132)
Net Wealth Surcharg | - | Tax Paid | 103,953
Interest or any other amount | - | 10% on difference amount | (112,085)
Amount Payable (Incl. Shanchaypatra) | - | 10% US 173 | (11,209)
Tax deduction or collected at source | 102,768 | Monthly TDS | From 1st July 22 to 15 Nov 22 (137 days) | -
Advance Tax Paid | 1,185 | - | Interest | -
Advance Tax Paid for Car | -
Adjustment of Tax refund | Attachments
Signature | Amount paid with return | 2,960 | 1 | Return
Name: | Robin Barua | Total amount paid and adjusted | 106,913 | 2 | POA
Date: | 2 | 2 | - | 1 | 1 | - | 2 | 0 | 2 | 3 | Deficit or excess (refundable) | (106,913) | 3 | NID
4 | TIN
5 | Last Year Income Tax Certificate
6 | Salary Certificate
[IT 11GA (2023)]
National Board of Revenue IT-11GA (2023)
www.nbr.gov.bd
For official use
Serial number of Return register | RETURN OF INCOME TAX
Volume number of Return register | For an Individual and Other assessee (Other than company)
Date of Return submission
1 ) | Name of Assessee : | Robin Barua
2) | National Identification Number / Passport Number (if NID not available): | 2816442889
3) | TIN: | 6 | 4 | 7 | 9 | 8 | 1 | 5 | 9 | 2 | 8 | 9 | 9
4) | (A) Circle: | 151 ( Salary) | (B) Tax Zone: | 07, Dhaka
5) | Assessment Year: | 2 | 0 | 2 | 3 | - | 2 | 4 | 6) | Residentail status: | Resident | √ | Non Resident | -
7) | Assessee status (Tick one) : | Normal Individual | √ | Firm | - | Hindu undivided family | - | Other | -
8) | Tick on the box(es) below if you are:
A gezetted war-wounded freedom fighter | Female | Third gender | A person with disability
Aged 65 years or more | A parent/legal guardian of a person with disability
9) | Date of Birth (DD-MM-YY) | 10) | Spouse name: | N/A
0 | 7 | - | 1 | 2 | - | 1 | 9 | 8 | 5 | Spouse TIN:
11) | Contract Address: | House# 467, Road# 08(East), D.O.H.S Baridhara, PO: 1206, cantonment, Dhaka
Telephone: | N/a
Mobile: | N/a | e-mail: | N/a
12) | If employed, employer's name: | Toyoshima & Co.,Ltd.
7/F, Ventura Iconia, Plot # 37, Road # 11, Block # H, Banani, Dhaka-1213, Bangladesh.
13) | (a) | Name of Business: | N/a
N/a
(b) | Business Identification Number (BIN): | N/a
14) | Name of partners / members in case of firm and private partnership:
Statement of Income and Income Tax for the year ended 30.06.2023
Name of assessee: | Robin Barua | TIN | 6 | 4 | 7 | 9 | 8 | 1 | 5 | 9 | 2 | 8 | 9 | 9
Particulars of Total Income | Amount (Tk)
1 | Income from Salary (as in schedule 1) | 404,667
2 | Income from House property (as in schedule 2) | -
3 | Income from Agricultural (as in schedule 3) | -
4 | Income from Business or Profession (as in schedule 4) | -
5 | Capital gains | -
6 | Income from financial resources (Bank interest / profit, dividend, securities, Sanchaypatra etc) | 15,432
7 | Income from Other sources (royality, license fee, honorarium, fee, cash incentive etc.) | -
8 | Income from Firm or private partnership | -
9 | Income of minor or spouse under section (if not a taxpayer) | -
10 | Foreign income | -
11 | Total income (aggregate of 1 to 10) | 420,098
Tax Computation | Amount (Tk)
12 | Income tax leviable on gross taxable income | 1,297
13 | Tax rebate (annex Schedule 5) | 2960 | 12,140
14 | Net tax after tax rebate (12-13) | 106913.03 | (10,843)
15 | Minimum tax | -106913.03 | -
16 | Tax payable (between serial 14 and 15, whichever is greater) | 0 | -
17 | (a) Surcharge payable for net wealth (if any) | -
(b) Environmental surcharge (if any) | -
18 | Deffered interest, penalty or any other amount under the income tax act (in any) | -
19 | Total amount payable (16 + 17 + 18) | -
Statement of Tax Payment
20 | Tax deducted or collected at source (attach proof) | 102,768
21 | Advance tax paid (attach proof) | 1,185
22 | Adjustment of tax refund [mention assessment year(s) of refund] | -
23 | Amount paid with return (attach proof) | 2,960
24 | Total amount paid (20 + 21 + 22 + 23) | 106,913
25 | Excess paid (19-24) | (106,913)
26 | Tax exempted / Tax holiday income ( attach proof)
List of documents filed with the return:
1 | Return
2 | POA
3 | NID
4 | TIN
5 | Last Year Income Tax Certificate
6 | Salary Certificate
7 | 0
8 | 0
9 | 0
10 | 0
Demonstrate
I | Robin Barua | father / husband | Punyapada Barua
TIN | 6 | 4 | 7 | 9 | 8 | 1 | 5 | 9 | 2 | 8 | 9 | 9 | solemnly declare that to the best of my knowledge and belief the
information given in this return and statements and documents annexed herewith is correct and complete.
….....................................................
Place of Signature: | Signature
Date: | 2 | 2 | 1 | 0 | 2 | 0 | 2 | 3 | Name: | Robin Barua
[Schedule 1]
Schedule 1
If you have income from salary, you have to fill the following schedule
A) This schedule is applicable to employee taxpayers under Government pay order
Name of Assessee | Robin Barua | TIN | 6 | 4 | 7 | 9 | 8 | 1 | 5 | 9 | 2 | 8 | 9 | 9
Particulars | Amount of income | Tax exempted income | Net taxable income
Basic pay
Arrear pay (if not included in taxable income earlier)
Special allowance
Dearness allowance
House rent allowance
Medical allowance
Conveyance allowance
Festival Allowance
Allowance for support staff | HOME
Leave allowance (Rest and Recreation)
Honorarium/ Reward/Fee
Overtime allowance
Baishakhi allowance
Others allowance
Interest accrued on a recognized provident fund
Lampgrant
Gratuity
Other, if any (give detail)
Total | - | - | -
B) This part applies to salary-based taxpayers other than government employees
1 | Salary | 565,000
2 | Allowances | -
3 | Advance salary | -
4 | Gratuity, annuity, pension or supplement thereof | -
5 | Perquisite | -
6 | Receipts or additional receipts in lieu of salary or wages | -
7 | Income earned from employee share schemes | -
8 | Residential facilities | -
9 | Car facilities | -
10 | Other benefit provided by employer | -
11 | Contribution paid by employer to recognized provident fund | -
12 | Other, if any (give detail) Festival Bonus | 42,000
13 | Total salary receipts (aggregate of 1 to 12) | 607,000 | 202,333
14 | Exempted part (as part 1 of 6th schedule) | 202,333 | 450,000
15 | Total income from salary (13-14) | 404,667
[Schedule 2 & 3]
Schedule 2
If you have income from house property, you have to fill the following schedule
Name of Assessee | Robin Barua | TIN | 6 | 4 | 7 | 9 | 8 | 1 | 5 | 9 | 2 | 8 | 9 | 9
Property location, details and share of ownership | Calculation of total rent | Amount of Tk. | Amount of Tk.
1) Amount of rent received or annual value (whichever is greater)
2) Advance rent received
3) Monetary value of any sum or benefit received (excess amount of 1 & 2)
4) Adjusted advance amount
5) Vacancy Allowance
6) Total rental value (1+2+3)-4-5 | -
7) Allowable deductions
(a) Repair, Collection, etc. | -
(b) Municipal or Local Tax
(c) Interest on Loan/Mortgage/Capital Charge
(d) Insurance Premium paid
(e) Other, if any
8) Total allowable deductions | -
9) Net income (subtract 6 from 8) | -
10) Taxpayers part (if any) | -
Schedule 3
If you have income from agricultural, you have to fill the following schedule
Name of Assessee | Robin Barua | TIN | 6 | 4 | 7 | 9 | 8 | 1 | 5 | 9 | 2 | 8 | 9 | 9
Type of agricultural work:
Summary of income | Amount of Tk.
1 | Sales / Turnover/ Received
2 | Gross profit
3 | General expenses, cost of goods sold, land development tax, land tax, interest on loan, insurance premium and other expenses
4 | Net income (subtract 02 from 3) | -
[Schedule 5]
Schedule 4
If you have income from business or profession, you have to fill the following schedule
Name of Assessee | Robin Barua | TIN | 6 | 4 | 7 | 9 | 8 | 1 | 5 | 9 | 2 | 8 | 9 | 9
Business / profession name: | N/a | Business / profession type: | N/a
Address: | N/a
Summary of income | Amount of Tk.
1 | Sales / Turnover/ Received
2 | Gross profit
3 | General, cost of goods sold and other expenses
4 | Bad debts
5 | Net profit (substract 02 from 03 & 4) | -
Summary of Balance sheet
6 | Cash in hand & at bank
7 | Inventories
8 | Fixed assets
9 | Other assets
10 | Total assets (6+7+8+9) | -
11 | Opening capital
12 | Net profit
13 | Withdrawals in the income year
14 | Closing capital (11+12-13)
15 | Liabilities
16 | Total capital and liabilities (14+15) | -
Schedule 5 | HOME
In order to claim investment tax rebate, the following schedule has to be filled (documents to be attached)
Name of Assessee | Robin Barua | TIN | 6 | 4 | 7 | 9 | 8 | 1 | 5 | 9 | 2 | 8 | 9 | 9
Investment statement applicable for tax exemption
1 | Life insurance premium (10% of policy value) | 195,120 | Why not Metlife insurance added here?
2 | Contribution to deposit pension scheme(not exceeding allowable limit) | 120,000 | Why not probashi polli inventment added?
3 | Government securities, unit certificate, mutual fund, ETF or joint investment and investment in skim unit certificate | Total Deposit show 120,000, here you have shown 100,000. Why?
4 | Investment in any securities listed with an authorized stock exchange
5 | Contribution to provident fund to which Provident Fund Act, 1925 applies
6 | Self contribution and employer’s contribution to Recognized Provident Fund
7 | Contribution to Super Annuation Fund
8 | Contribution to Benevolent Fund and Group Insurance Premium)
9 | Contribution to Zakat Fund
10 | Others, if any ( give details )
11 | Total Investment (addition 1 to 10) | 315,120 | 47,268
12 | Eligible amount of tax rebate (Whichever is less under section 78) | 12,140
[IT-10B(2023)]
National Board of Revenue www.nbr.gov.bd
IT-10B(2023)
STATEMENT OF ASSETS, LIABILITIES AND EXPENSES (as on 30.06.2023)
1 | All public employees
2 | If the value of total assets in the country and abroad is more than tk.40,00,000/-
3 | Total assets worth less than tk.40,00,000 but at any time during the income year owned a motor vehicle or invested in house property or apartment within the city corporation area or owned any property abroad or became a shareholder director of a company.
4 | Non-Resident Bangladeshi normal individual taxpayers and normal individual taxpayers who are not Bangladeshis shall provide information on all assets located in Bangladesh only.
Name of Assessee | Robin Barua | TIN | 6 | 4 | 7 | 9 | 8 | 1 | 5 | 9 | 2 | 8 | 9 | 9
Particulars | Amount in Tk. | Amount in Tk.
1 | Earned funds:
(A) | Income shown in the return (SL 11 of total income ) | 420,098
(B) | Tax exempted income and allowance | 450,000
(C) | Donation / other receipts | -
Total earned funds | 870,098
2 | Net wealth at the last date of the previous income year | 4,867,181
3 | Earned funds and Net wealth at the last date of the previous income year (1+2) | 5,737,279
4 | (A) Expenses relating to lifestyle (as in from no. IT-10BB (2023) | 655,000
(B) Loss, deductions, expenses, etc. not mentioned in IT-10BB (2023) | -
Total expenses and loss | 655,000
5 | Net wealth as on last date of this income year (substract 3 from 4) | 5,082,279
6 | Individual liabilities (outside of business)
(A) | Borrowings from banks and other financial institutions
(B) | Unsecured loan (mention name and TIN)
('C) | Other loans or overdrafts
Total liabilities outside of the business | -
7 | Gross wealth (aggregate of 5 and 6) | 5,082,279
* Attach details sheet if applicable
8 | Head wise details of gross wealth
(A) | Business capital and liabilities
Less: Business liabilities
Business capital (Balance of capital) | -
(B) | Director’s shareholdings in limited companies * | -
('C) | Capital of partnership business
(D) | Non-Agricultural Property (at cost including legal charges / earned value/ construction cost/ investment with description, location and size) (provide additional paper if necessary) | 2,599,700
(E) | Agricultural property at cost value (description, location and size) (provide additional paper if necessary) | -
(F) | Financial assets value
(i) Share/debenture/bond/securities/unit certificate etc.
(ii) Saving certificate/deposit pension skim | 100,000
(iii) Loan given to others (mentioned name & NID)
(iv) Fixed deposit/term deposit DPS | 360,000
(v) Providend fund or other fund (if any)
(vi) Other investment (Life Insurance) | 574,924
Total financial assets | 1,034,924
(G) | Gold, diamond, gems and other items (mention quantity)
(H) | Furniture, equipment and electronic items | 598,470
(I) | Other assets of significant value (other than assets described in serial no J) (give details) Motor car (s) Brand name TVS Engine (CC) BG7FM2300827 | 331,168
(J) | Balance of Bank account , cash in hand, other cash (out of business) | 1,424,286
9 | Gross wealth | 5,988,548
* Attach details sheet if applicable
I declared that solemnly declare that to the best of my knowledge and belief the information given in this IT-10B (2023)
Annexure -I
Details of Director’s shareholdings in limited companies
Shareholdings in limited companies as director | Price Per Share | No. of shares | Value (tk.)
1 | -
2 | -
3 | -
Total | - | -
Details of non-agricultural property
Non-agricultural property at cost value or any advance made for such property (description, location and size) | Value at the start of income year ৳ | increased/ decreased during the income year ৳ | Value at the last date of income year ৳
1 | Probashi Palli Shah Amanat Nagari (Down Payment and Installment) | 605,100 | 144,600.00 | 749,700
2 | Mirer Bazar Area(6 Katha) | 1,850,000 | - | 1,850,000
3 | -
Total Cost | 2,455,100 | 144,600 | 2,599,700
Details of agricultural property
Agricultural property at cost value (description, location and size) | Value at the start of income year ৳ | increased/ decreased during the income year ৳ | Value at the last date of income year ৳
1 | -
2 | -
Total Cost | - | -
[IT-10BB(2023)]
IT-10 BB (2023)
STATEMENT OF EXPENSES RELATING TO LIFESTYLE
(applicable for all individual assessee)
Name of Assessee | Robin Barua | TIN | 6 | 4 | 7 | 9 | 8 | 1 | 5 | 9 | 2 | 8 | 9 | 9
SL | Details of expenses (annual) | Amount of Tk. | Comments
1 | Personal and fooding expenses | 300,000
2 | Housing expense | 180,000
3 | Personal transport expenses | 30,000
4 | Household and utility expenses ( Electricity bill, gas, water, telephone, mobile, internet etc) | 50,000
5 | Education expense | 25,000
6 | Personal expenses for local & foreign travel | 20,000
7 | Festival and other special expenses, if any | 50,000
8 | Tax deducted / collected (tax deducted on savings interest) and Tax paid of the last financial year | -
9 | Any other expenses (Interest charges on Bank Loan)
Total | 655,000
Demonstrate
I declared that solemnly declare that to the best of my knowledge and belief the information given in this IT-10BB(2023)
…............................................
Signature and date
[Ack or certificate]
The Peoples Republic of Bangladesh
National Board of Revenue
(Income Tax Office)
ACKNOWLEDGEMENT RECEIPTS OF RETURN OF INCOME / CERTIFICATE
ASSESSMENT YEAR | 2 | 0 | 2 | 3 | - | 2 | 4
Name of assessee: | Robin Barua
National Identification Number /Passport Number: | 2816442889
TIN: | 6 | 4 | 7 | 9 | 8 | 1 | 5 | 9 | 2 | 8 | 9 | 9
Circle: | 151 ( Salary) | Taxes Zone: | 07, Dhaka
Total Income | BDT 404,667
Total Paid Tax: | BDT 0
Serial number of Return register
Volume number of Return register
Date of Return submission
…..............................................................................
Seal of Office | Signature and seal of the officer receiving the return
[Income from Salary Robin Barua]
Computation of Total Income and Income Tax Liability:
Name of the assessee | Robin Barua
E-TIN | 647981592899 | 7300690562
Name of the employer | Toyoshima & Co.,Ltd.
Residential Status | Resident
Income Year | 2022-2023
Assessment Year | 2023-2024
A) Income From Salary:
Month | Particulars | BDT Total | Perquisite | Allowances | Other Allowance.
November-2023 | Basic Salary | 70,000 | 116,428 | Basic Salary | House Rent | Performance Bonus. | Conveyance. | Medical Allowance. | Other Allowance.
December-2023 | 70,000 | 116,428
January-2024 | 70,000 | 116,428
February-2024 | 70,000 | 116,428
March-2024 | 70,000 | 116,428
April -2024 | 70,000 | 116,428
May-2024 | 70,000 | 116,428
June-2024 | 70,000 | 116,428
5,000 | 116,428 | 534,667
116,428
116,428
116,428
Total Basic Salary Income | 565,000
Bonus | 34,224
June-2023 | 42,000
Total Receive | 42,000
Total Income from Salary | 607,000
Less: Exempted Income from Salary (As per schedule VI) | 202,333 | 202,333
Total Taxable Income from Salary | 404,667
Other Income | -
Total Taxable Income from Salary | 404,667
Less: Shancayo Patro Interest | -
Net Taxable Income | 404,667
Tax calculation:
First | 350,000 | 0% | -
Next 100000 BDT | 54,667 | 5% | 2,733
Next 300000 BDT | 10% | -
Next 400000 BDT | 15% | -
Next 500000 BDT | 20% | -
Balance amount | 25% | -
Total Tax Liability | 404,667 | 2,733 | 228
Investment rebate: | 2,733
3% of Total Taxable Income | Which ever is lower | 12,140
15% of Actual Investment | -
Investment Rebate amount | -
Net Tax Liability after investment rebate | (9,407)
Tax Already Paid Through Challan | - | 102668
Advance Tax Paid | -
Previous Year Adjustment | -
Amount paid with return | -
Balance/ (Excess Paid) | (9,407)
[Income from other sources]
Income From Other Sources:
Interest on Bank Savings
SL No | Interest | Amount(TK) | Income Tax | Amount(TK)
01 | EBL A/C No-'1041020072152 | 514 | Exim A/C No-'1041020072152 | 51
02 | Prime Bnak A/C No: 2132213019249 | 3,877 | Prime Bnak A/C No: 2132213019249 | 582
4,392 | 633
Interest on DPS
SL No | Interest | Amount(TK) | Income Tax | Amount(TK)
01 | -
02 | -
-
Interest On FDR | -
SL No | Interest | Amount(TK) | Income Tax | Amount(TK)
01 | -
02 | -
Interest on Sanchay Patra
SL No | Interest | Amount(TK) | Income Tax | Amount(TK)
01 | 2022-0774851 | 11,040 | 2022-0774851 | 552
02 | -
Total | 11,040 | 552
Grand Total | 15,432 | 1,185