That’s great news for aspiring Income Tax Practitioners (ITPs) in Bangladesh on ITP Exam-2025 Preparation Strategy.
With the ITP exam scheduled for 26 April 2025, there’s just enough time to prepare smartly and efficiently. Here are the three short guide to help students prepare for the exam:
If you’d like, I can help you:
- Create a customized day-by-day plan
- Provide a sample mock question paper
- Share important sections from the Finance Act 2024-25
✅ 1. Customized Day-by-Day Study Plan (7 Days)
| Day | Topics to Cover | Tasks |
|---|---|---|
| Day 1 | 📘 Basics of Income Tax Ordinance 1984 – Definitions (assessee, income, total income, etc.) – Exempted income (Sec 44, 45) | → Read & highlight key sections → Make notes on definitions |
| Day 2 | 💼 Heads of Income – Salary, House Property, Business/Profession, Capital Gains, Other Sources – Deductions & Allowances | → Solve past paper questions → Write sample tax computations |
| Day 3 | 📊 Tax Computation & Rates – Individual, firm, company rates – Rebate on investment (Sec 44) – Advance tax (Sec 64, 64A) | → Create a tax rate chart → Practice full computation |
| Day 4 | 📄 Return Filing & Assessment – Return (Sec 75, 82BB) – Universal Self-Assessment (Sec 82BB) – Penalty (Sec 124–126) | → Draft a sample return filing → List out penalties & sections |
| Day 5 | 🏛️ Finance Act 2024-25 – Important changes in tax rates – New rules, exemptions, and thresholds | → Read Finance Act summary → Highlight key changes in notebook |
| Day 6 | ✍️ Practical Case Studies & Ethics – Sample assessment notice – TDS, VAT overview – ITP Code of Conduct | → Solve mock case studies → Review ethical provisions |
| Day 7 | 🔁 Full Revision + Mock Exam | → Attempt full mock paper → Self-evaluate answers → Review weak areas |
✅ 2. Sample Mock Question Paper – ITP Exam
Part A: Theoretical (20 Marks)
- Define the term “Income” as per Income Tax Ordinance 1984. Mention five examples of exempted income.
- What is the difference between Universal Self-Assessment and Normal Assessment?
Part B: Tax Computation (20 Marks)
A resident individual has the following income in AY 2024-25:
- Salary (gross): BDT 15,00,000
- House rent allowance: BDT 2,40,000
- Investment in DPS: BDT 1,00,000
- Other income: BDT 1,50,000
Compute the total tax liability.
Part C: Practical & Ethics (10 Marks)
- Write down the steps to submit an online return using NBR’s tax portal.
- Mention four ethical obligations of an Income Tax Practitioner.
✅ 3. Key Sections from Finance Act 2024-25 (Important for Exam)
| Topic | Section / Update |
|---|---|
| Personal Tax Threshold | BDT 3,50,000 for general, BDT 4,50,000 for women/seniors |
| Tax Rebate on Investment | 15% of allowable investment (max 25% of total income or BDT 1.5 million) |
| Minimum Tax for Firms | BDT 5,000 or 0.6% of gross receipts |
| New Withholding Tax (TDS) | Section 52Q – TDS on digital transactions |
| Tax on Virtual Assets | New clause under “Other Sources” |
| Corporate Tax Rate | 27.5% for listed, 30% for non-listed companies |
Let me know if you’d like:
- More mock questions with solutions
- A section-wise cheat sheet with tax rate tables
✅ Printable Section-Wise Cheat Sheet with Tax Rate Tables (Finance Act 2024-25, Bangladesh)
📌 Individual Income Tax Rates (AY 2024-25)
| Income Range (BDT) | Tax Rate |
|---|---|
| 0 – 3,50,000 | 0% (tax-free limit) |
| 3,50,001 – 7,50,000 | 10% |
| 7,50,001 – 12,50,000 | 15% |
| 12,50,001 – 16,50,000 | 20% |
| 16,50,001 and above | 25% |
🧓 Women, senior citizens (65+), and disabled persons have a higher tax-free limit: BDT 4,50,000
📌 Minimum Tax (Section 82C)
| Type | Rate / Minimum |
|---|---|
| Business/Profession (gross receipt-based) | 0.6% of gross receipts or BDT 5,000 (whichever is higher) |
| Companies (no tax payable after adjustments) | Minimum tax applies based on gross receipts |
📌 Tax Rebate on Investment (Section 44)
- Rebate Rate: 15%
- Eligible Investments: DPS, Life Insurance, Mutual Funds, Govt. bonds
- Max Limit: 25% of total income or BDT 15,00,000, whichever is lower
📌 Corporate Tax Rates
| Entity Type | Tax Rate |
|---|---|
| Listed Companies | 27.5% |
| Non-listed Companies | 30% |
| One Person Company (OPC) | 25% |
| Banks/Insurance/NBFIs | 37.5% – 42.5% |
📌 Withholding Tax (TDS) Highlights
| Nature of Payment | Section | TDS Rate |
|---|---|---|
| Commission to agents | 52 | 10% |
| Rent (factory/office) | 53A | 5%-10% |
| Export proceeds | 53BB | 0.5% |
| Digital/Online payments | 52Q (New) | 5% |
✅ Extra Mock Questions with Solutions (for Practice)
📄 Question 1: Income Tax Computation
Mr. Rahim (Resident) has the following income in AY 2024–25:
- Salary: BDT 12,00,000
- House Rent Allowance: BDT 2,40,000
- Investment in DPS: BDT 1,20,000
- Other Income: BDT 1,00,000
Compute total income and tax liability.
🧮 Answer (Step-by-Step):
Gross Total Income:
- Salary: 12,00,000
- Other Income: 1,00,000
- Total Income: 13,00,000
Investment Rebate:
- Allowable Investment: 25% of 13,00,000 = 3,25,000
- Actual Investment: 1,20,000
- Rebate @15%: 18,000
Tax Computation:
| Slab | Tax Rate | Tax Amount |
|---|---|---|
| First 3,50,000 | 0% | 0 |
| Next 4,00,000 | 10% | 40,000 |
| Next 5,50,000 | 15% | 82,500 |
| Total | 1,22,500 | |
| Less Rebate | (18,000) | |
| Net Tax | BDT 1,04,500 |
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