According to the WTC points system, a team gets 12 points for a Test win, six for a tie, four for a draw, and nothing for a defeat. And they are ranked according to the percentage of points won because each team plays a different number of Tests in the WTC cycle.
Points are also deducted for slow over rate penalties, which is why England have only 21 points despite winning three Tests in this WTC cycle. They have lost 19 points for slow over-rate penalties and are in eighth place with only 17.5 percentage points after playing ten Tests.
New Zealand are presently second with 60% points and Australia are third with 59.09%. If New Zealand win the ongoing Christchurch Test, they will increase their percentage points to 66.67%; and if Australia win, they will move ahead of New Zealand on 62.5%. With only a Bangladesh-Sri Lanka Test series to go before the IPL season begins on March 22, India are set to remain No. 1 for a few months.
Bangladesh are presently fourth in the WTC points table, but they have played only one series in the ongoing cycle, followed by Pakistan, West Indies, South Africa, England and Sri Lanka.