[Torri San]
Computation of Total Income and Income Tax Liability:
Name | : MITSUHIRO TORII
E-TIN | : 229124544673
Designation | : General Manager
Name of the employer | : TOA CORPORATION
Address | : TOA CORPORATION, Concord Colosseum
Concord Colosseum (7th Floor), Plot No. 156, Road No. 12, Block E., Banani, Dhaka
Residential Status | : Resident
Employment period | : 14 May 2021 to Till Now
Tax Assessment | : 2022-2023
Total Taxable Income Calculation
A) Income form Salary in Bangladesh
Particulars | Amounts in USD | Exchange Rate | Gross Income | Exempted Income | Taxable Income
Basic Salary | 53,760 | 86 | 4,623,360 | - | 4,623,360
House Rent | 26,880 | 86 | 2,311,680 | 300,000 | 2,011,680
Conveyance Allowance | 3,584 | 86 | 308,224 | 30,000 | 278,224
Medical Allowance | 5,376 | 86 | 462,336.00 | 120,000 | 342,336
Total | 89,600 | 7,705,600 | 450,000 | 7,255,600
B) World Income | - | - | -
Total | - | - | -
Grand Total | 7,705,600 | 450,000 | 7,255,600
Income Tax Calculation
Particulars | Taxable Income | Tax rate | Income Tax
On First | 300,000 | 0% | Nill
On Second | 100,000 | 5% | 5,000
On Third | 300,000 | 10% | 30,000
On Fourth | 400,000 | 15% | 60,000
On Fifth | 500,000 | 20% | 100,000
On Remaining | 5,655,600 | 25% | 1,413,900
7,255,600 | 1,608,900
Total tax liability for the year | 1,608,900
Total tax liability for the year Up to February 2022 | 1,608,900
Less: Tax already paid by challan
Balance/ (Excess Paid) | 1,608,900
[Sheet1]
Amount | No Of Month | Total
Basic Salary | 6720 | 8 | 53760
House Rent | 3360 | 8 | 26880
Conveyance | 448 | 8 | 3584
Medical Allowance | 672 | 8 | 5376
11200 | 89600