Tax calendar for company

  

Filing/Payment	Month
Corporate tax return filing under section 75	15th day of seventh month or 15 September from end of account period; whichever is later
Advance tax instalment under section 64	15th day of September, December, March and June
Withholding tax return under section 75A	31 January and 31 July
Statement filing regarding salary under section 108	Before the 1st day of September
Statement filing regarding employee tax return 108A	On or before 30 April
Statement of deduction of tax from salary under rule 21	Within 20th day of following Month
Statement of deduction of tax from other sources under rule 18	Within 20th day of following Month

Tax rebate on investment

 

     

An assessee shall be entitled to a rebate from the amount of tax payable if he/she invests during the income year in the following items, namely:

a)       life insurance premium

b)       contribution to approved Provident Fund (both by the employee and employer)

c)       contribution to deposit pension scheme amounting to not exceeding Tk. 60,000 sponsored by a scheduled bank or a financial institution

d)       donation to a national level institution set up in memory of the “Liberation War”

e)       donation to a national level institution set up in memory of “Father of the Nation”

f)         donation to Prime Minister’s Higher Education Fund

g)       donation to Aga Khan Development network/Asiatic Society/CRP/Dhaka Ahsania Mission Cancer Hospital/icddr,b

h)       donation to Zakat Fund/charitable fund established by or under Zakat Fund

i)         any sum invested in Bangladesh Government Treasury Bond and Sanchayapatra, stocks and shares of listed companies, mutual funds and debentures listed with any stock exchange in Bangladesh

Allowable limit of investment tax rebate is as follows:

 

Total income	Investment tax rebate on eligible amount*
Up to Tk. 1.5 million	15%
Over Tk. 1.5 million	10%

 

*Eligible amount is the lowest of the following:

a)       Actual investment; or

b)       25% of total income; or

c)      Tk. 10 million( 1Crore)

 

 

Tax rate of Non-residents and Minimum Tax of Resident.

 

Non-residents

Non-residents other than Bangladeshi non-residents shall pay tax on the total income at the rate of 30%. 

Minimum tax payable in the case of resident.

Minimum tax payable by an assessee is as follows:

Location	Minimum tax
Within Dhaka and Chattogram City Corporation	Tk. 5,000
Any other City Corporation	Tk. 4,000
Other than City Corporation	Tk. 3,000