LEGAL GROUNDS ORDINANCE

Salary includes_O/2(58) Perquisite means- O/2(45)

RULES
Basic Salary _R/33(2)A Special Allowance_6th Sch, Part-A, Para-5 Perquisities_R/33 Accomodation_R/33A,B_ Conveyance_R/33C,D,E,F Foreign tour allowance_R/33G Entertainment allowance_R/33H Medical Exp_R/33I Other benefits_R/33J

6th Sch-A (Tax Fee Income)

Income of PF_4 On duty exp or Office Exp received_5 RPF, ASF, AGF income_6 Pension received or due to receive_8 PF income / Receipt_21 RPF interest_25 Voluntary Retirement Amount_26 Life Insu premium of dependent, spouse etc_1 Life insu premium of HUF_2 Assess contribution to PF a/p PFA-1925_4 Assess & employer contribution to RPF_5

6th Sch-B (Tax Exempted Income & Expenditure)

Assess contribution to ASF_6 Share / stock investment_8 Debenture investment_9 Any sum invested by a non co_10 Deposit in Pension Scheme_11 Donation to charitable hospital_11a Donation to Retarded people welfare org_11b Donation to Zakat or Zakat fund_13 Partnership Firm income portion_16 (for which firm already paid tax) Donation to Aga-Khan Dev network_21 Donation to philanthropic or edu insti_22

Salary Income & Expenditure Treatment

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. Basic Salary _ FTxA Dearness Allowance _ FTxA Bonus _ FTxA Commission & Fees _ FTxA Advance Salary _ FTxA Accrued / Arrear Salary _ FTxA Leave Encashment _ FTxA Pension _ FTxF Gratuity _ FTxF Annuity _ FTxA Profit in lieu of salary_ FTxA Profit in addition to salary _ FTxA Education allowance for children _ FTxA

14. Employer's contribution to RPF _ FTxA + IAA 15. Employee Contribution to RPF _ FTxF+ IAA 16. Employers Contribution to URPF _ FTxF+ n-IAA 17. Employees Contribution to URPF _ FTxF+ n-IAA 18. Employees Contribution to SPF _ FTxF+ IAA 19. Employer's contribution to ASF _ FTxA+ IAA 20. Employers Contribution to AGF _ FTxA 21. Employers to LIP _ FTxA 22. Entertainment allowance _ FTxA 23. Medical Allowance _ Excess over Expense Part Taxable 24. Traveling allowance _ Excess over Expense Part Taxable 25. Special Allowance _ FTxF 26. Cash House Rent / House Rent Allowance _ [Actual Allowance - [50% of Basic ^ 1.8L (Lower)]] Taxable

Rent Free Accommodation _ [RV ^ 25% of Basic (Lower)] is taxable 28. Concessional Rate Accommodation _ [[RV ^ 25% of Basic (Lower)] less deducted rent] is taxable 29. Conveyance allowance in Cash _ (Actual allowance - 24K) is taxable 30. Conveyance (Car- Part / Full time) _ 7.5% of Basic is taxable 31. Conveyance (Car+cash) _ [7.5% of Basic + Cash part ] is taxable 32. Conveyance (car only Pick & Drop) _ Nothing will be added 33. Interest on RPF _ [Actual Rcvd - @14.5%^1/3 of Basic (less)] is taxable
27.

34. Free Office Tea, Coffee, Lunch, Dress, Phone, Gas , Power, Water etc _ FTxF 35. Free Servant, caretaker & sweeper etc at office _ FTxF 36. Servant Allowance _ FTxA 37. Compensation_ FTxA 38. Allowance received as Head Office Charge _ FTxA 39. Overtime _ FTxA 40. Residence Phone, Utility, Club bill, Servant etc _ FTxA 41. Contribution to Benevolent Fund _ IAA 42. Income from Provident Fund _ FTxF 43. Income from Gratuity Fund _ FTxF 44. Received Pension _ FTxF 45. Received Gratuity_ FTxF 46. Receipt from Govt PF, RPF, ASF or WPF _ FTxF

47. Govt Employee of Any Kind (SRO-228) _ Only Basic Salary is Taxable 48. PM, Speaker & Deputy Speaker, Minister & his advisor, Minister or any other of same rank (SRO-226) _ Only Basic Salary is Taxable 49. Judge of HC/SC/AT/ AD (SRO-225) _ Only Basic Salary is Taxable 50. Contribution to DPS _ IAA 51. Employees Contribution to GIS _ IAA 52. Purchase of Primary share of listed co _ IAA 53. Paid for his life insurance premium _ IAA up to 10% basic^ Policy value (lower) 54. Purchase of Debentures _ IAA 55. Purchase of Savings Certificate _ IAA 56. Contribution to Presidents Relief Fund _ IAA

57. Contribution to Govt Zakat Fund_ IAA 58. Contribution to Ahasania Mission Cancer Hospital_ IAA 59. Donation to Lab Aid _ nIAA 60. Purchased Share of Private Ltd Co _ nIAA 61. Purchased Share of Registered Partnership Firm _ nIAA 62. Purchase of a Laptop / desktop _ IAA up to Tk.1Lac 63. Max limit of Investment Allowance_ 64. TDS adjustment from Salary_ 65. Refund Adjustment from Last Year Assessment_ 66. Surcharge Allied to Salaried Person_ 10% of Total Tax 67. Net Tax Liability Calculation_