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BBA Discussion Forum / Re: Is it important to pay tax as individual....
« on: December 24, 2011, 12:28:50 PM »
Every organization pays tax on their net profit(revenue-expense=net profit). but individual pays tax on their all income which may come from salary, household, business etc. My question is that individual should pay tax on their net surplus (All income -All expense=net surplus). For example:
Mr. rahim is a employee of a company. he takes salary TK.50,000 per month.He has 11 sons and 4 daughter . His monthly expense is TK.45000 totally. I think that his taxable income should be TK.5000. But govt. charges tax on his total income TK.50000.So Rahim will face problem.
Mr. rahim is a employee of a company. he takes salary TK.50,000 per month.He has 11 sons and 4 daughter . His monthly expense is TK.45000 totally. I think that his taxable income should be TK.5000. But govt. charges tax on his total income TK.50000.So Rahim will face problem.