How to use Online Income Tax Calculator

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Find Your Online Income Tax Calculator

Concerning tax matter, you will find simple solution as stated by your require. The plans Tax calculator being raised as per responsibilities. You will obtain the data, how you will find TIN certificate and how you could be taxes’, how income tax is to be analyzed, where the taxes could be deposited, the place of the income tax offices for that a authority program raised, the settlement of riches, how much refund on taxes permitted etc.

Information About Online Income Tax Calculator

The NBR developed a system for computerized income tax calculation & crowded it on NBR online website. The purpose of multitude a tax calculator in National Board of Revenue website page is to give an internet service to the income tax payers for calculating their chargeable income & the tax billed thereon. It is fairly explicable that estimate of tax is a compound mission for a non specialized. It is projected to the tax calculator could be an outstanding tool in serving the income tax payer to get their whole income & the tax legal responsibility thereon devoid of having much information concerning Income Tax Law & Rules.

Income Tax Return And Online Income Tax Calculator

As a fraction of “Digital Bangladesh” preparation, National Board of Revenue applying a structure of people teaching ICT overhauls. Beginning of Online Tax Calculator & Income Tax arrival grounding Software is best one of them. This Income tax calculating & grounding of tax homecoming is a difficult mission for a non expert. The main purpose for putting up an Online Income Tax Calculator on National Board of Revenue web is to give help for the person & business taxpayer to aid tax calculation & arranging their income tax arrival. At now, there is no authorized online device accessible for analyzing income tax billed by taxes. The following elements are obtainable in this Internet system:

  • Income Tax Return research for personal Taxpayers
  • Income Tax Calculator for personal Taxpayers
  • Income Tax Calculator for business Taxpayers
  • Worried assessment year
  • Making of internet registered and unregistered clients access capacity
  • Automated tax calculation and refund calculation
  • Making of data storage capability of registered clients
  • Making of Reports

How to use online tax calculator:

You can know about the process to use income tax calculator under the “important links” in the NBR home page. There are  two options in this home page. These are:

  1. Income Tax Calculator
  2. Income Tax Return Preparation

Now I like to discuss about the “Income Tax Calculator”:

By using Income Tax Calculator measures on total income of ‘Individual’ and ‘Company Taxpayer’. Now these process will discuss step by step.

1. Individual Tax Calculator:

  • You can enter Individual Tax Calculator page by a click on “Income Tax Calculator”.
  • Type your Taxpayer name in the “Name of the Taxpayer” Text Box.
  • Type your TIN number in the ‘TIN’ Text Box.
  • Then select your Gender.
  • If you be a disable, select ‘If Disable’ option.
  • To select Date of Birth click on ‘Date picker’ icon.
  • Now if you want to submit your different income source, type these in ‘Head of Income’ text boxes.  Then your total income and giving your income tax will show in the ‘Total Income’ and ‘Tax Leviable on Total Income’ Taxt Box.
  • Then if you want to submit directly the amount of your investment, type your net investment in ‘Investment’ Text Box. Then your investmental amount of Income Tax rebate will show automatically in the “Tax Rebate:(a)u/s 44(2) (b)” taxt box.
  • Otherwise if you have ‘Share of Profit in firms’, then for this your amount of Income Tax Rebate will automatic show in the “ Tax Rebate: (b) Taxed Income (from firm/AOP)” taxt box.
  • The total amount of Income tax Rebate will automatically show in the ‘Total of (a) and (b)’ text box.
  • If you have paid tax then type your total amount of paid income tax in the “ Tax already paid” taxt box.
  • The difference between ‘payable tax’ and ‘Paid tax” will automatic approch in the “Net Tax Payable” taxt box.
  • It should be remember that the box with symble ( * ) must be filled.
  1. Company Tax Calculator:
  • You can enter Company Tax Calculator page by a click on side menu “Company Tax Calculator” in the Income tax calculator page.
  • Type your Taxpayer name in the “Name of the Company Taxpayer” Text Box.
  • Type your TIN number in the ‘TIN’ Text Box.
  • Now if you want to submit your different income source, type these in ‘Head of Income’ text boxes.  Then your total income and giving your income tax will show in the ‘Total Income’ and ‘Tax Leviable on Total Income’ Taxt Box.
  • Under this total income tax boxes information will show automatically:
  1. Income from business or profession
  2. Capital gain
  3. Income from other source
  • The information will come automatically the following under payable Income tax boxes:
  1. Capital Gain from share
  2. Other Capital gain
  3. Cash Devident
  4. Income other than Capital gain & Devident
  5. Excess Profit tax (u/s 16c)
  6. Additional tax (u/s 16b)
  • The information will come automatically the following under Income tax Rebate boxes:
  1. Export Income
  2. Corporate Social Responsibility
  • The difference between ‘payable tax’ and ‘Paid tax” will automatic approch in the “Net Tax Payable” taxt box.
  • It should be remember that the box with symble ( * ) must be filled.

By this process a Tax payer can easily fill up their online Income Tax Calculator form and easily paid their Income Tax.

 

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