Phone: +88 01912723634 ; +8801737723634
We are open: Sat-Thus: 9 am- 6 pm
In according to Income Tax Ordinance 1984 Dhaka law Firm (DLF) Provides Legal services for companies, individual, Incorporation, foreigners and banking sectors. In determination of taxes on company DLF provides assistance to prepare financial audit reports in compliance to the rules and regulation related to income tax, VAT, At Sources Tax, Advance tax, Wealth Tax and Super Taxes. In case of payment of at sources of tax, Advance tax, super tax and vat DLF is provide information to clients to avoid penalties. The principle of DLF specially look after the case related to company tax and corporate tax and also provide legal assistance for submission a case to - appeal, tribunal and high court division.
The rate of tax as per second schedule shall be effective for the assessment year 2015-2016 as referred to (in section 56 of the Finance Act, 2015) and same shall apply to those assesses defined under section 2(46) of the Income Tax Ordinance, 1984 as persons like individual assessee (including a non-resident Bangladeshi), Hindu undivided family, a partnership firm, an association of persons, and every artificial judicial person for whom paragraph ‘Kha’ of the second schedule is not applicable and tax rates are as follows:-
| Total Income | Rate |
|---|---|
| On 1st Tk. 2,50,000.00 of total income | Nill |
| On Next Tk. 4,00,000.00 of total income | 10% |
| On Next Tk. 5,00,000.00 of total income | 15% |
| On Next Tk. 6,00,000.00 of total income | 20% |
| On Next Tk. 30,00,000.00 of total income | 30% |
| On Next Tk. 30,00,000.00 of total income | 30% |
| On the balance of total income |
Provided that for female assessee and senior citizens of age 65 years or above the tax exemption limit will be Tk 3,00,000.00. for handicapped persons Tk. 3,75,000.00. and for War wounded Gazette Freedom fighters exemption limit will be Tk 4,25,000.00. Provided further that minimum Tax to be paid by an assessee not less than Tk. 5,000/- in Dhaka and Chittagong City Corporation. Other city corporation are fixed at Tk. 4,000/-. Other than city corporation area is Tk. 3,000/- In case an individual assessee whose net asset (total net worth) as per section 80 of Income Tax Ordinance, 1984 (Ord. No. XXXVI of 1984exceed Tk. Two crore fifty lac and liable to pay income tax, then surcharges are to be paid as per rate below:
| Net value of Assets | Rate of Surcharge |
|---|---|
| (a) Up to Tk. 2.25 crore | 0% of Tax liabilities |
| (b) More than Tk. 2.25 crore upto Tk. 10 crore | 10% of Tax liabilities |
| c) More than Tk. 10 crore upto Tk.20 crore | 15% of Tax liabilities |
| (d) More than Tk. 20 crore upto Tk. 30 crore | 20% of Tax liabilities |
| (e) More than Tk. 30 crore upto any amount | 25% of Tax liabilities |
