Individual Income Tax Planning Practices in Bangladesh: An Empirical Study

Dr. Shakhawat Hossain Sarkar; Sabuj Chandra Bhowmik; Dr. Mohammed Hider Ali Miah

Individual Income Tax Planning Practices in Bangladesh: An Empirical Study

Dr. Shakhawat Hossain Sarkar * §

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Sabuj Chandra Bhowmik §

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Dr. Mohammed Hider Ali Miah §

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§ 1 & 2. Jatiya Kabi Kazi Nazrul Islam University and ...

Individual Income Tax Planning Practices in Bangladesh: An Empirical Study

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Abstract

The study strives to explore individual income tax planning practices in Bangladesh using fieldlevel data from 194 assessees. The dichotomous procedure was used to score the items. Analytical results indicate that income tax planning scenario in Bangladesh was in a nascent state as compared to India. In Bangladesh, government and nongovernment employees invested more on investment than on philanthropic items and, they invested more in provident fund, benevolent fund, and group insurance, which were a mandatory for them. Deposit pension scheme (DPS), life insurance, and saving certificate were sequentially top ranking voluntary investment in Bangladesh, whereas life insurance was the highest investment in India. Income tax planning index (ITPI) was towering for tax knowledge seekers, self-return prepares, male and elderly respondents. A positive relationship was observed between tax awareness and individual tax planning that suggests more tax rules conscious individual assessee could enjoy maximum tax rebate in Bangladesh.

References

14 Cites in Article

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Shakhawat Hossain Sarkar, Sabuj Chandra Bhowmik, Dr. Mohammed Hider Ali Miah. 2019. "Individual Income Tax Planning Practices in Bangladesh: An Empirical Study". Global Journal of Management and Business Research - D: Accounting & Auditing GJMBR-D Volume 19 (GJMBR Volume 19 Issue D3).

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GJMBR Volume 19 Issue D3

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-D Classification JEL Code: H20

Submission ReceivedDecember 6, 2018
Peer Review Double Blind
Handling Editor
Accepted December 31, 2018
Published January 15, 2019

Version of record

v1.2

Issue date

August 13, 2019

Language

English

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Article Matrices

Total Score: 113

Country: Bangladesh

Subject: Global Journal of Management and Business Research - D: Accounting & Auditing

Authors: Dr. Shakhawat Hossain Sarkar, Sabuj Chandra Bhowmik, Dr. Mohammed Hider Ali Miah (PhD/Dr. count: 2)

View Count (all-time): 371

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Publish Date: 2019 01, Tue

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