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Bangladesh
Individual - Sample personal income tax calculation
Last reviewed - 03 January 2025| Particulars | BDT | BDT |
| Income from salaries: | ||
| Basic salary | 572,000 | |
| House rent allowance | 136,000 | |
| Conveyance allowance | 138,400 | |
| Medical allowance | 7,200 | |
| Festival bonus | 572,000 | |
| Less: Exemption as per para 27 of 6th schedule part A of the Act | (450,000) | |
| Income from salaries (A) | 975,600 | |
| Income from house property: | ||
| Commercial space annual income | 516,000 | |
| Less: | ||
| Repair and maintenance cost (30%) | (154,800) | |
| Municipal tax | (9,072) | |
| Holding tax | (1,782) | |
| Total income from house property | 350,346 | |
| Share of taxpayer (@ 56.25%) (B) | 197,070 | 197,070 |
| Share of partner (@ 43.75%) | 153,276 | |
| Total income (A+B) | 1,172,670 | |
| Tax calculation: | ||
| On first 350,000 | Nil | |
| On next 100,000 at 5% | 5,000 | |
| On next 400,000 at 10% | 40,000 | |
| On balance 322,670 at 15% | 48,400 | |
| Gross tax liability before deducting investment rebate | 93,400 | |
| Investment tax rebate as per section 78 of the Act: | ||
| (a) 3% of total income | 35,180 | |
| (b) 15% of the allowable investment (465,000) as per part 3 of 6th schedule of the Act | 69,750 | |
| (c) BDT 1 million | 1,000,000 | |
| Investment tax rebate (lower among (a), (b), and (c)) | (35,180) | |
| Tax liability post deduction of investment rebate | 58,220 |
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Kapil Basu
Partner, Tax and Regulatory Services, Member of the Board of Directors, PwC Bangladesh
+88 01622 105174/ +91 9830014397