Upload by victor Student of nsu email :piratesvictor97@gmail.com

1. Welcome to presentation
on
“Income Tax’’

2. Definition
 What is Income….???
Income Defined:
-Salary
-Interest on Securities
- Agricultural Income
-Income from
Business/Profession
-Capital Gain
- Income from Other Sources

3. What is ‘‘Income Tax’’
Simple answer “Tax on Income”

4. Background
 General Clause Act 1897 and Income Tax Act 1922 was
promulgated by then British Govt.
 Thereafter it had been adopted by the Government of
Pakistan at 1947 and Government of Republic of
Bangladesh in 1971.
 During the period of 1897 to 1984 there were lots of changes,
alteration, addition, deletion and amendment.
 That is how Income Tax Ordinance-1984 has come into
existence.

5. Charges of Income Tax:
 Income tax chargeable for each assessment year at any rate or rates as
provided by an Act of Parliament.
 Tax to be deducted at source, paid or collected in advance in accordance
with the provisions under the ITO- 1984.
 The rates specified in the 2nd Schedule in respect of:
•A non-resident person, not being a Company
•Any income classifiable under the head
“Capital Gain”
•Any income by way of “Winning” referred to
section 19 (13)

6. Rates of Income Tax:
Total annual income Income tax rate
First Tk 250,000 Nil
Next Tk 400,000 10%
Next Tk 500,000 15%
Next Tk 600,000 20%
Next Tk 3,000,000 25%
Balance amount 30%

7.  Initial exemption limit for women and senior citizens aged
65 years or over is Tk 300,000. For physically challenged
persons is Tk 375,000 and for gazetted war-wounded
freedom fighters is Tk 425,000.

8. Income Tax collection
as revenue
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
50000
2009-10 2010-11 2011-12 2012-13 2013-14
Chart Title
Series 1 Column1 Column2

9. Thanks to all.