Excise Duty Calculator Bangladesh (Net Asset Value and Surcharge)
Finds the excise duty slab for a net asset value under the Bangladesh rules and adds any surcharge on the income tax payable.
Recent
Formula
How the calculation works
The tool looks at the net asset value in crore and picks the matching slab to get the fixed excise duty amount.
It then finds the surcharge percentage from the same net asset value, with higher assets carrying a higher surcharge rate.
Finally it multiplies the income tax payable by that surcharge rate and adds the excise duty to return the total.
Common mistakes
- Ignoring the surcharge entirely and budgeting only the flat excise duty, when the surcharge can be larger than the duty itself.
- Reporting a lower net asset value to stay in a cheaper slab, which is a false statement and carries a penalty.
When to use it
- Estimate the excise duty and surcharge you must pay with the income tax return before you file it.
- Check how moving just over a slab boundary, such as from 3 to 10 crore, raises both the duty and the surcharge.
Worked example
A net asset value of 5 crore with income tax of 200000 taka falls in the 3 to 10 crore slab, so excise duty is 20000, surcharge is 10 percent (20000) and the total is 40000 taka.
Common questions
Is excise duty based on income or on net asset value?
It is based on net asset value, so it applies even if your taxable income is modest but your property and savings cross the slab.
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