1. Mr./Mrs. Tonu (Female students consider herself as male assessee and male students consider himself as female assessee, living in delhi with 21 crore net wealth). He/she has agricultural income of Tk. 900,000, in the income year. Besides the above information, he/she is the manager of a textile mill at delhi. From the particulars given below for the year ended on 30 th June 2021, compute his/her income from salary and tax thereon. I. Monthly basic salary 90,000 (5% TDS already adjusted) in the scale of 50000-10000x4-90000. He has the yearly increment on March 10, 2020. II. Two bonus equivalent to one month’s basic salary. III. She/he has been provided with a rent free quarter for which employer deducts 7.5% of basic salary per month. The annual value of the house estimated tk.50,000. A mali has been provided by the employer at a monthly salary of TK.6000. IV. He has been provided with a car both for office and private use. V. Conveyance allowance Tk. 2000 per month. VI. Surgery expense paid by employer Tk. 10000 VII. Complementary travel allowance Tk. 30,000. VIII. Feni Club yearly membership of Tk. 70,000 paid by the employer. IX. Advance Tax Tk. 17000. X. She/he contributed 10% of his/her basic salary to RPF, his/her employer also contributed the same. XI. Interest on RPF 10% is 1700 on 17,000. XII. He purchased ICB certificate of Tk. 15,000 and shares of a company through IPO Tk. 12000. XIII. Insurance premium of his/her son 4000 (policy value Tk. 40000)
1. Mr./Mrs. Tonu (Female students consider herself as male assessee and male students consider himself as female assessee, living in delhi with 21 crore net wealth). He/she has
agricultural income of Tk. 900,000, in the income year.
Besides the above information, he/she is the manager of a textile mill at delhi. From the particulars given below for the year ended on 30 th June 2021, compute his/her income
from salary and tax thereon.
I. Monthly basic salary 90,000 (5% TDS already adjusted) in the scale of 50000-10000x4-90000. He has the yearly increment on March 10, 2020.
II. Two bonus equivalent to one month’s basic salary.
III. She/he has been provided with a rent free quarter for which employer deducts
7.5% of basic salary per month. The annual value of the house estimated tk.50,000. A mali has been provided by the employer at a monthly salary of TK.6000.
IV. He has been provided with a car both for office and private use.
V. Conveyance allowance Tk. 2000 per month.
VI. Surgery expense paid by employer Tk. 10000
VII. Complementary travel allowance Tk. 30,000.
VIII. Feni Club yearly membership of Tk. 70,000 paid by the employer.
IX. Advance Tax Tk. 17000.
X. She/he contributed 10% of his/her basic salary to RPF, his/her employer also contributed the same.
XI. Interest on RPF 10% is 1700 on 17,000.
XII. He purchased ICB certificate of Tk. 15,000 and shares of a company
through IPO Tk. 12000.
XIII. Insurance premium of his/her son 4000 (policy value Tk. 40000)
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