Samples of Tax from Meghna Petroleum Limited



Meghna Petroleum Limited
Workers’ Participation And Welfare Fund
P.O Box No- 108
58/ 59, Agrabad C/A,
Chitagong, Bangladesh.
Phones: 711891-8 (PABX)

Date: 4/ 9/ 2012
To Whom It May Concern

It has been informed that Meghna Petroleum Limited has paid in total of 5,06,712.13 (Five Lakhs Six Thousand Seven Hundred Twelve Taka Thirteen Paisa) in fiscal year of 2011- 2012 from the part of the fund of Meghna Petroleum Limited Workers Participation and Welfare Fund to Mr Md Kamrul Hasan. M- 104 by the Workers Participation Fund as profit 5% of the company in five years from 2005- 2006 fiscal year to 2010- 2011 fiscal year. It is mentioned taht income tax ordinance, first part of 6th schedule of 1984 (section- 44, sub- section- 21) and as per workers participation and welfare fund of labor law of Bangladesh, of 2006 (section 245 and 246) and the income of income tax has been paid from that fund.

Sd/ Illegible
Kazi Monoar Dildar
Trust and Secretary
Meghna Petroleum Limited
Workers Participation and Welfare Fund
58- 59, Agrabad Ba/ A
Chittagong.




Meghna Petroleum Limited
58- 59, Agrabad Commercial Area
Chittagong.
Income Description of Salary Section for 2011- 2012 fiscal year (2012- 2013 Fiscal Year)
Name: Muhammad Kamrul Hasan, M- 104
TIN: 380- 102- 0689
Circle: 58 (Boitanik)                                Tax Area: 3, Chittagong

(A)    Total Income (Annual Salary and Bonus):

Amount of Income
Adjusted Amount of Income
Net Tax Payable Income
1.
Basic Salary
409,600.00 BDT
-
409, 600.00
2.
House Rent
245,760.00 BDT
180,000.00
65,760.00
3.
Transportion Rent
-
-
-
4.
Leave Cashing
-
-
-
5.
Leave Entertainment Bonus
-
-
-
6.
Bonus
131,400.00
-
-
7.
Utility Bonus Etc
61,629.00
-
61,629.00
8.
Paid by appointed for future fund
40, 960.00
-
40,960.00
9.
Consideration Income for taking transport facility
30,720.00
-
30,720.00
10.
Consideration Income For Having Accomodation Opportunity
-
-
-

Net Tax Payable Income from Salary
740,069.00

(B)     Net Imposable Income Tax from Salary:

Level of Tax Payable Income
Percent of Tax
Amount of Tax
1st
2000,000.00 BDT
Zero
-
Next
3000,000.00 BDT
10%
30,000.00
Next
240,069.00 BDT
15%
36,010.00
Next
BDT
20
-

Total Imposable Income Tax

66,010.00

(C)     Investment (Tax Traditional):
1. Installment of Life Insurance (up- to 10% of insurance price)    -
2. Future fund by self or appointed paid amount                                             81,920.00
3. Investment in approved share or stock                                                        -
4. Paid amount for deposit pension scheme                                                    -
5. Others (If any)                                                                                                            81,920.00 BDT

Total Investment:
(E)Tax as invested (10%)                                8, 192.00
(F) Payable Tax: (Different in B and D) 57, 818.00 BDT
(G) Paid Advanced Income Tax for Car         15,000.00
(H) Net Payable Tax: (Different in E and G, but as low as 3,000.00)
42,818.00 BDT
(Seal)
Date: 1/ 7/ 2012
Sd/ Illegible
Pay- Master
Meghna Petroleum Limited
58- 59 Agrabad Ba/ A,
Chittagong.
Rules to be followed for Filling Return Form
Rules:

(1)   The tax payer of income tax return or income tax ordinance under the section of 75 of 1984 will be signature and execute by particular person.

(2)   Attach in necessary cases:

(A)   Salary description in salary income, bank description in bank interest, bank certificate of interest paying bank of deposit, rent agreement form in case of house property income, Receipt of vat or municipal tax, description of loan payer organization in case of interest on home loan, installment money receipt in case of having insurance, income description as per income tax regulation of professional income, income/ expenditure copy of partner farm in case of availability, documents if any capital profit, dividend payment certificate in case of dividend income, the source of income or deposit if any the documents of that, L. I. P, D. P. S, Zakat, Stock/ Share purchase, in case of investment there documents;
(B)   In case of business income the description of income- expenditure, production account, commercial account, profit loss account and maturity stage;
(C)   Income tax ordinance, waste description according the demand of three of 1984;
(D)   Income calculating according to the income law.

(3)   Attach separate description:
(A)  Wife or Husband of tax payer (in case of not having tax payer) any income in the name of children or dependable person.
(B)   Tax free income in case of have.
(4)Income tax regulation- 38 has to be followed in case of return submission in case of particulars.
(5) The submitted documents have to be in signature of tax payer.
(6) Every five year the picture has to be submitted.

(7) Provide the bellow description:
(A) Name and address of partner farm of T.I.N.
(B) Name and Address with T.I. N of partner of taxpayer.
(C) Name and Address with TIN if the tax payer director of company.

(8) Tax payer himself husband/ wife (if he is not tax payer), non adult and property of dependable, as per IT 10 B has to be shown.

(9) The signature of tax payer or his representative is mandatory. Signature in IT- 10 B and IT- 10BB is mandatory of the tax payer.

(10) In case of space not available separate paper will be able to be use.



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