Per Month TDS Calculation from Salary (Automated Sheet)

Prepared By Rasel Ahmed, Asst. Manager- Tax at Golden Son Limited. CMA Partly Qualified; BBA and MBA -Accounting
from University of Chittagong. Mobile- 01518305799; Email- raselcu.cma@gmail.com.

Computation of Income & Tax (Format Basis)

Income Year: 2023-2024
Assessment Year: 2024-2025
Name: Talha Ahmed
Designation: Chief Executive Officer (CEO)
Department: Finance
Gross Monthly Salary: 500,000
Gross Yearly Salary: 6,000,000

Income from Salary

Particulars Total Income
Basic Salary (60%) 3,600,000
House Rent (30%) 1,800,000
Medical Allowance (6%) 360,000
Conveyance Allowance (4%) 240,000
Festival Bonus (60% of gross,2 times in year) 600,000
Other Allowance ( Car Allowance) 500,000
Total Income from Salary 7,100,000
Exemption (Lower of 1/3rd and 450,000) 450,000
Net taxable Income 6,650,000

Computation of Investment Allowance

Particulars Investment
DPS 120,000
Sanchoypatra 100,000
Other Investment 500,000
Total Actual Investment 720,000

A. 15% of Actual Investment 108,000

B. 3% of net taxable income* 199,500
C. Maximum Limit 1,000,000
Allowable investment Allowance (Lower of A, B & C) 108,000

*Excluding income on which a tax exemption or a reduced rate or minimum tax rate is
applicable.

Tax Liabilities Calculation Income Amount Rate Tax Amount

350,000 Income tax on first 350,000 0% -
100,000 Income tax on next 100,000 5% 5,000
400,000 Income tax on next 400,000 10% 40,000
500,000 Income tax on next 500,000 15% 75,000
500,000 Income tax on next 500,000 20% 100,000
On Remaining Amount 4,800,000 25% 1,200,000
Total Tax Payable 6,650,000 1,420,000

Less: Investment Rebate (108,000)

Total Tax Liabilities 1,312,000
Less: Advance Income Tax Paid in Advance (Vehicle tax or Others) (50,000)
Net tax Liabilities 1,262,000
Per month TDS deduction from salary 105,167

Note: Rember that this format doesnot assure absolute correctness. Please take professional advice if your find the
format is wrong.
 Per Month TDS Calculation from Salary (Automated Sheet)
Prepared By Rasel Ahmed, Asst. Manager- Tax at Golden Son Limited. CMA Partly Qualified; BBA and MBA -Accounting
from University of Chittagong. Mobile- 01518305799; Email- raselcu.cma@gmail.com.

Computation of Income & Tax (Sample Basis)

Income Year: 2024-2025
Assessment Year: 2025-2026
Name: Talha Ahmed
Designation: Chief Executive Officer (CEO)
Department: Finance
Gross Monthly Salary: 500,000
Gross Yearly Salary: 6,000,000

Income from Salary

Particulars Total Income
Basic Salary (60%) 3,600,000
House Rent (30%) 1,800,000
Medical Allowance (6%) 360,000
Conveyance Allowance (4%) 240,000
Festival Bonus (60% of gross,2 times in year) 600,000
Other Allowance ( Car Allowance) 500,000
Total Income from Salary 7,100,000
Exemption (Lower of 1/3rd and 450,000) 450,000
Net taxable Income 6,650,000

Computation of Investment Allowance

Particulars Investment
DPS 120,000
Sanchoypatra 100,000
Other Investment 500,000
Total Actual Investment 720,000

A. 15% of Actual Investment 108,000

B. 3% of net taxable income* 199,500
C. Maximum Limit 1,000,000
Allowable investment Allowance (Lower of A, B & C) 108,000

*Excluding income on which a tax exemption or a reduced rate or minimum tax rate is
applicable.

Tax Liabilities Calculation Income Amount Rate Tax Amount

350,000 Income tax on first 350,000 0% -
100,000 Income tax on next 100,000 5% 5,000
400,000 Income tax on next 400,000 10% 40,000
500,000 Income tax on next 500,000 15% 75,000
500,000 Income tax on next 500,000 20% 100,000
2,000,000 Income tax on next 2,000,000 25% 500,000
On Remaining Amount 2,800,000 30% 840,000
Total Tax Payable 6,650,000 1,560,000

Less: Investment Rebate (108,000)

Total Tax Liabilities 1,452,000
Less: Advance Income Tax Paid in Advance (Vehicle tax or Others) (50,000)
Net tax Liabilities 1,402,000
Per month TDS deduction from salary 116,833

Note: Rember that this format doesnot assure absolute correctness. Please take professional advice if your find the
format is wrong.