孟加拉所得税.pdfVIP

Income Tax at a Glance Among direct taxes, income tax is the main sources of revenue. It is a progressive tax system. Income tax is imposed on the basis of ability to pay. The more a taxpayer earns the more he should pay- is the basic principle of charging income tax. It aims at ensuring equity and social j ustice. IncomeTax Authorities: National Board of Revenue, Chief Commissioner of taxes, Director General of Inspection (Tax), Commissioner of Taxes (Appeals), Commissioner of Taxes (LTU) Director General (Training), Director General Central Intelligence Cell (CIC), Commissioner of Taxes, Additional Commissioner of Taxes (Appeal/Inspecting), Joint Commissioner of Taxes(Appeal/Inspecting ), Deputy Commissioner of Taxes, Tax recovery officer, Assistant Commissioner of Taxes, Extra Assistant Commissioner of Taxes, Inspectors of Taxes. Sources of Income: For the purpose of computation of total income and charging tax thereon, sources of income can be classified into 7 categories, which are as follows : Salaries Interest on securities Income from house property Income from agriculture Income from business or profession Capital gains Income from other sources. Tax Rate (Assessment Year- 2014-15): Other than Company : For individuals other than female taxpayers, senior taxpayers of 65 years and above, retarded taxpayers and gazetted war-wounded freedom fighter, income tax payable for the First 2,20,000/- Nil Next 3,00,000/- 10% Next 4,00,000/- 15% Next 5,00,000/- 20% Next 30,00,000/- 25% Rest Amount 30%