Answer to Question #276136 in Financial Math for Anup

Question

Mention the Tax Calculation rate as per Tax law of the country(Bangladesh). Calculate Tax for a person whose salary structure is as below:

Basic: Tk 100000

House Rent: 50% of Basic

Conveyance: 30% of Basic

Medical: 10% of Basic

Entertainment: 10% of basic

Answer 1

House Rent:

tax = $100000\cdot0.5=50000$

Conveyance: 

tax = $100000\cdot0.3=30000$

Medical: 

tax = $100000\cdot0.1=10000$

Entertainment:

tax = $100000\cdot0.1=10000$