TDS rate for the financial year 2022-2023

Guidelines for TDSjTCS and Regular Requirements under Income Tax
Guidelines for Tax Deducted at Source (TDS)/Tax Collected at Source (TCS)
and
Regular Requirements under Income Tax Ordinance and Rules, 1984
In Light of the Finance Act, 2022
Compiled by:
Masum Gazi
E-mail: masumgazi613@gmail.com
Mobile: 0193-5131132
(As amended on 06 July 2022)
Linkedln: https://www.linkedin.com/in/taxprofessionalbd/
In association with:
Mahmudul Hasan
Linkedln: https://www.linkedin.com/in/mahmudulhasan2107/
Compiled by: Masum Gazi In association with: Mahmudul Hasan Page 1 of27

Table of Contents
SI. No. Particulars Page No.
A Tax Deducted at Source (TDS)/Tax Collected at Source (TCS) 3
1 Deduction/Collection of tax from different sources of income 3
2 Why tax is required to be deducted/collected at source by withholding entities? 5
3 How deducted/collected tax shall be deposited? 5
4 Which deposit code shall be used to deposit the deducted/collected amount to Government Treasury? 6
5 When deducted/collected tax shall be deposited to Government Treasury? 6
B Other regular requirements 6
1 Monthly statement of tax deduction/collection at source under rules 18 and 21 6
2 Requirements for payment of advance income tax 7
3 Return of withholding tax under section 75A 7
4 Statement of income by non-residents person carries on the business of operation of aircraft, as the owner or 7
charterer thereof
5 Filing of an annual payment of salary information 8
6 Filing of information of employees' income tax return submission 8
7 Statement of dividend 8
8 Filing of statement of international transaction 8
9 Report from an accountant to be furnished for transfer pricing 9
10 Filing of annual income tax return 9
11 Schedule-l: TDS rate for the FY 2022-2023 in comparison with the FY 2021-2022 10-15
12 Annexures Ato F 16-26
13 References 27
14 Declaration 27

Guidelines for TDS/TCS and Regular Requirements under Income Tax
A. Tax Deducted at Source (TDS)/Tax Collected at Source (TCS)
1. Deduction/Collection oftax from different sources of income
)r According to section 48 of the ITO, 1984, tax shall be deducted/collected at source from sources of income mentioned in section 49.
)r According to section 49 "Tax payable under this Ordinance shall be deducted or collected at source in respect of the following income, namely: -
(Rate of deduction is attached herewith in Schedule-l)
• income classifiable under the head "Salaries";
• income from discount on the real value of Bangladesh Bank bills;
• income classifiable under the head "Interest on securities";
• income derived on account of supply of goods, execution of contracts or services rendered;
• income derived by the importers on account of import of goods;
• income derived on account of indenting commission;
• income derived on account of winnings from lottery or crossword puzzles, as referred to in section 19(13);
• any income chargeable under this Ordinance which is paid or payable to a non-resident;
• income classifiable under the head "Income from house property;
• income derived on account of export of manpower;
• income derived on account of travel agency commission or incentive bonus;
• income derived on account of purchase by public auction;
• income derived on account of acting in films;
• income derived on account of shipping agency commission;
• income derived from commission, discount or fees payable to distributors for distribution or marketing of manufactured goods;
• income derived on account of interest on saving deposits, fixed deposits or term deposits and share of profit on term deposits;
• income derived on account of payment from workers' participation fund;
• income derived on account of insurance commission;
• income classifiable under the head "Capital gains";
• income derived on account of fees for professional or technical services;
• income derived on account of manufacture of cigarettes manually without any mechanical aid whatsoever;
• income derived from compensation against acquisition of property;
• income derived on account of interest on savings instruments;

• income derived on account of running of brick field;
• income derived on account of services rendered by the doctors;
• income derived on account of commission of letter of credit;
• income derived on account of survey by a surveyor of general insurance company;
• income derived on account of commission, remuneration or charges as a foreign buyer's agent;
• income from dividends;
• income derived on account of rendering certain services;
• income derived on account of shipping business carried on both inside and outside Bangladesh by a resident assessee;
• income derived on account of business of real estate and land developer;
• income derived by an exporter on account of export of any commodity;
• income derived by a member of a stock exchange on account of transaction of shares, debentures, mutual funds, bonds or securities;
• income derived on account of courier business of a non-resident;
• income derived on account of export cash subsidy;
• on account of renewal of trade license;
• income derived on account of freight forward agency commission;
• income derived on account of rental power;
• income derived on account of interest of Post Office Savings Bank Account;
• income derived on account of rental value of vacant land or plant or machinery;
• income derived on account of advertisement;
• income derived by foreign technician serving in a diamond cutting industry;
• income derived from transfer of securities or mutual fund units by sponsor shareholders of a company etc.;
• deduction of tax for services from convention hall, conference center, room or, as the case may be, hall etc.;
• deduction of tax from residents for any income in connection with any service provided to any foreign person;
• income derived on account of international gateway service in respect of phone call;
• collection of tax from manufacturer of soft drink;
• income derived from insurance policy;
• deduction of tax from local letter of credit (Lie);
• income derived from any fees, revenue sharing, etc. from cellular mobile phone operator;
• income from transfer of share of any stock exchange;
• income from transfer of share of company listed in any stock exchange;

• income derived from lease of property;
• deduction of tax from any sum paid by real estate developer to land owner;
• income derived from the operation of inland ships;
• income derived from the operation of commercial vehicles.
2. Why tax is required to be deducted/collected at source by withholding entities?
If tax is not deducted at source:
Y Expense shall not be admissible in respect of where tax has not been deducted in accordance with the provisions of Chapter VII of the ITO, 1984.
[Section-30]
Y Notwithstanding anything contained in section 82C or any loss or profit computed under the head "Income from business or profession", the
amount of disallowances made under section 30 shall be treated separately as "Income from business or profession" and the tax shall be payable
thereon at the regular rate. [Section-30B]
Y For acquiring any asset or constitutes any asset and tax has not been deducted therefrom in accordance with Chapter VII, such payment shall be
deemed to be the income of the person responsible for making the payment under this Ordinance and classifiable under the head "Income from
other sources" in the income year in which the payment was made. [Section-19(32)]
Y Where any person fails to deduct or collect tax at source as required, deduct or collect lesser rate or amount or after deducting or collecting fails
to pay the same to the credit of the government such person shall be deemed to be an assessee in default. [Section-57(1)]
Y The person shall be liable to pay interest @ 20/0 per month on the amount required to deduct, including the said amount, calculated for the period
from the due date of the deduction or collection to the date of the payment of the amount to the Government Treasury. [Section-57(2)]
y Where an assessee is in default or is deemed to be in default in making payment of tax, the Deputy Commissioner of Taxes may direct that, in
addition to the amount of tax in arrears, a sum not exceeding that amount shall be recovered from the assessee by way of penalty. [Section-137]
3. How deducted/collected tax shall be deposited?
The person responsible for making deduction or collection of tax under Chapter VII of the Ordinance shall pay the amount of tax so deducted or
collected to the credit of the Government-
• remitting it through an income tax A-challan or e-payment;
• transferring the amount electronically in the manner as specified by the Board.

4. Which deposit code shall be used to deposit the deducted/collected amount to Government Treasury?
Tax deducted by any company defined in section 2(20) of the Income Tax Ordinance, 1984, Co-Operative Society, NGO shall be deposited to their tax
jurisdiction code, for other organizations tax shall be deposited as per source of deduction/collection according to the Jurisdiction Order of 2017,
dated 17 August 2017. The list of treasury deposit codes and TR Challan format is attached herewith in Annexure-E & F, respectively.
5. When deducted/collected tax shall be deposited to Government Treasury?
As per rule 13 of the Income Tax Rules, 1984, income tax deducted/collected at source at the time of making payment to servicer renderer/supplier
has to be deposited in the following manner:
Time of deduction or collection Date of payment to the credit ofthe Government
(a) in case of deduction or collection made in any month from July to within two weeks from the end of the month in which the deduction or
May ofayear collection was made
(b) in case of deduction or collection made in any day from the first to within seven days from the date in which the deduction or collection was
the twentieth day of June of a year made
(c) in case of deduction or collection made in any other dates of the
the next following day in which the deduction or collection was made
month of June of a year
(d) in case of deduction or collection in the last two working days of the
on the same day on which the deduction or collection was made
month of June of a year
B. Other regular requirements
1. Monthly statement of tax deduction/collection at source under rules 18 and 21
y Every person who has deducted or collected tax shall furnish a statement in a prescribed manner in rules 18 and 21 of the Income Tax Rules, 1984
by 20th day of the following month.
y Failure to comply may attract a penalty five thousand taka. In the case of a continuing default, a further penalty of one thousand taka for every
month or fraction thereof during which the default continues. [Section-124]

2. Requirements for payment of advance income tax
y Advance tax is payable in four equal installments on the 15th day ofSeptember, December, March and June of the financial year amount computed
in the manner as mentioned in section 65.
Consequences for failure to pay advance income tax:
Y Interest shall be paid @ 100
/0 on shortfall between advance tax paid and 750/0 of assessed tax. However, interest shall be 150
/0 if return submitted
after the tax-day as defined under section 2(62A). [Section-73]
y May attract a penalty of a sum not exceeding the amount by which the tax actually paid by him falls short of the amount that should have been
paid. [Section-125]
3. Return ofwithholding tax under section 75A:
Y 1st half-yearly return ofwithholding tax for the period from 01 July to 31 December is required to be submitted within 31 January of the year and
2nd half-yearly return of withholding tax for the period from 01 January to 30 June is required to be submitted within 31 July next following year.
Y The last day of submission may be extended up to fifteen days by writing an application to the DCT.
Y Failure to submit may involve penalty under section 124 of the Income Tax Ordinance, 1984 which is amounting to 100/0 of tax imposed on last
assessed income or five thousand taka, whichever is higher and in the case ofa continuing default, a further penalty of one thousand taka for every
4. Statement of income by non-residents person carries on the business of operation of aircraft, as the owner or
charterer thereof
Y The principal or an agent shall prepare and furnish to the DCT, within forty-five days from the last day of each quarter of every financial year, that
is to say, the thirtieth day of September, the thirty-first day December, the thirty-first day of March and the thirtieth day of June, respectively,
return in respect of each quarter. [Section-103A]
Y Failure to submit may involve penalty under section 124 of the Income Tax Ordinance, 1984 which is amounting to 100
/0 of tax imposed on last

5. Filing of annual payment of salary information
y Statements of salary is required to be submitted to the concerned DCT as per prescribed format within 31 August of each year.
y Failure to submit may involve penalty under section 124 of the Income Tax Ordinance, 1984 which is amounting to 10% of tax imposed on last
6. Filing of information of employees' income tax return submission
y Information regarding filing of return of employees shall be submitted to the concerned income tax authority by 30th day of April of each year.
[Section-108A]
Y Any payment made by way of salary to an employee for whom the statement under section 108A was not provided shall be disallowed. [Section-
30]
Y Failure to submit may involve penalty under section 124 of the Income Tax Ordinance, 1984 which is amounting to 100/0 of tax imposed on last
7. Statement of dividend
y Statements of dividend is required to be submitted within 31th August each year. [Section-110]
y Failure to comply may attract penalty amounting to 100/0 of tax imposed on last assessed income or five thousand taka whichever is higher. In the
case of a continuing default, a further penalty of one thousand taka for every month or fraction thereof during which the default continues.
[Section-124]
8. Filing of statement of international transaction
y Every person who has entered into an international transaction shall furnish, along with the return of income, a statement of international
transactions. [Section-107EE]
y Failure to comply the DCT may impose a penalty not exceeding two per cent (2%) of the value of each international transaction entered into by
such person. [Section-107HH]

9. Report from an accountant to be furnished for transfer pricing
y Every person who has entered into international transactions accumulated value of which exceeds three crore, and if the DCT requires to filing
report, it is mandatory to file report from a Chartered Accountant or a Cost Management Accountant. [Section-l07F]
y Failure to comply, the DCT may impose a penalty of a sum not exceeding three lakh taka. [Section-l071]
10. Filing of annual income tax return
y In section 75 of the Income Tax Ordinance, 1984, the person required to file an income tax return for every income year within the "Tax Day".
y "Tax Day" In the case of a company, the fifteenth day of the seventh month following the end of the income year or 15th September following the
end of the income year where the said fifteenth day falls before 15th September. [Section-2(62A)]
y The DCT may extend time up to four months (two months by himself and further two months with the approval of the Inspecting Joint
Commissioner). [Section-75(6)]
Failure to comply:
y The DCT may issue a notice under section 77 to file return and failure to file a return within the time limit specified in the notice, the DCT may
finalize the assessment to the best of his judgement under section 84.
y May attract penalty, which amounts to 10% of tax imposed on last assessed income or five thousand taka, whichever is higher and in case of
continuing default a penalty of one thousand taka for every month, during which the default continues. [Section-124]

Schedule-l: TDS rate for the FY 2022-2023 in comparison with the FY 2021-2022
Sources of income subject to deduction or collection of tax at source
Changes in light ofthe Finance Act, 2022 in comparison with the Finance Act, 2021
SI. Sections
Head of withholding Withholding authority
TDS/ Withholding rate/rates oftaxes (Please refer to the relevant section for details)
No. & Rules TCS In light of FA 2022 In light of FA 2021
50(1) Salaries
Person responsible for
TDS Average Rate Average Rate
1 making payment
50(1A) Salaries (Government) DDO TDS Average Rate Average Rate
Greater of maximum rate or the rate applicable to
such amount;
Discount of the real value of Person responsible for
No tax shall be deducted where the said bill is
2 50A TDS Same as before purchased by an approved superannuation fund or
Bangladesh Bank bills making payment
pension fund or gratuity fund or a recognized
provident fund, or a workers' profit participation
fund
3 SOB
Remuneration to Member of Person responsible for
TDS Average Rate Average Rate
Parliament making payment
4 51
Discount, interest or profit on Person responsible for TDS/ 5% 5%
securities issuing security TCS
Section 52
Deduction from payment to Specified person as
5 & Rule 16 TDS Changed as per Annexure-A Annexure-A
r82Cl
contractors, etc. mentioned in section 52
Where base amount does not exceed taka 25 lakh ---
--- 100/0
Payment of royalties, know-how, Person responsible for
Where base amount exceeds taka 25 lakh
6 52A [82C] TDS Same as before ------- 12%
trade mark and etc. making payment
The rate of tax shall be fifty percent (50%) higher if
the payee does not have a twelve-digit Taxpayer's
Identification Number.
52AA
Payment of certain services
[82C of SI.
(Advisory or consultancy
No.1,2
services, professional service,
Specified person as
7
and 14 of
technical services fee, or
mentioned in section 52
TDS Changed as per Annexure-B Annexure-B
table
technical assistance fee,
52AA(1)]
Wheeling charge for electricity
transmission, etc.)
8
52AAA Collection of tax from C&F
Commissioner of Customs TCS 100/0 on commission amount 100/0 on commission amount
[82C] agents commission
9 52B [82C]
Manufacturer of non mechanical Person responsible for
TCS 100/0 of the value of banderols 10% of the value of banderols
Cigarettes (bidi) selling banderols
(a) 6% at City Corporation Area, Paurashava or
10 52C [82C]
Compensation against Person responsible for
TDS Same as before
Cantonment board;
acquisition of property making payment (b) 30/0 at outside City Corporation Area,
Paurashava or Cantonment board.

SI. Sections
TDS/ Withholding rate/rates oftaxes (Please refer to the relevant section for details1
100/0 where accumulated investment is exceeds Tk.
5 Lakh
11 52D [82C] Interest on saving instruments TDS Same as before 50/0 where accumulated investment is not exceeds
paying any amount
Tk. 5 Lakh (SRO. 264-Law/lncome-tax/2019; dated:
25 August 2019)
50/0
Payment to beneficiary of Person responsible for
No tax shall be deducted from the payment, if-
12 52DD TDS Same as before (i) the beneficiary does not have taxable income;
workers' participation fund making payment
and
(ii) amount of fund does not exceed Taka 25,000.
(a) Tk. 45,000 for 1 section brick field
13 52F
Collection of tax from brick Any person responsible at
TCS Same as before
(b) Tk. 70,000 for 1.5 section brick field
manufacturers the of permission or renewal (c) Tk. 90,000 for 2 section brick field
(d) Tk. 150,000 for automatic machine of brick field
14 521 Commission of letter of credit
TDS 50/0 on commission 50/0 on commission
opening letter of credit
15 52JJ [82C]
Collection of tax from travel
Airline Companies TCS 0.30% of total value of ticket 0.30% of total value of ticket
agent
(a) Tk. 3,000 in Dhaka North & South City
Collection of tax by City
Corporation or Chittagong City Corporation;
(b) Tk. 2,000 in any city corporation, other than
16 52K
Corporation or Paurashava at Person responsible for
TCS Same as before Dhaka and Chittagong city corporation;
the time of renewal of trade renewal of trade license
license
(c) Tk. 1,000 in any paurashava at any district
headquarter;
(d) Tk. 500 in any other paurashava.
17 52M
Freight forward agency Person responsible for
TDS 150/0 150/0
commission making payment
BPDB or any other person
60/0
Collection of tax on account of No deduction shall be made if the person is
18 52N [82C]
rental power
engaged in power TDS/TCS Same as before
exempted from tax or is subject to a reduced tax
distribution
rate.
19 520 [82C]
Foreign technician serving in Person responsible for
TDS 50/0 50/0
diamond cutting industries making payment
Services from convention hall, Specified person mentioned
50/0
20 52P [82C] TDS Same as before No deduction shall be made by a company when
conference centre etc. in section 52(2)
such amount is paid directly to the government.

SI. Sections
TDSj Withholding rateIrates oftaxes (Please refer to the relevant section for details1
10% 10%
7.50/0 for contracts on manufacturing, process or 7.50/0 for contracts on manufacturing, process or
conversion, civil conversion, civil
work, construction, engineering or works of work, construction, engineering or works of similar
similar nature; nature;
Any income remitted from No deduction against remittance from abroad No deduction against remittance from abroad
21 52Q [82C] abroad in connection with any Bank TDS which is- which is-
service, revenue sharing, etc. (i) the proceeds of sales of software or services of (i) the proceeds of sales of software or services of a
a resident if the income from such sales or services resident if the income from such sales or services is
is exempted from tax under paragraph 33 of Part A exempted from tax under paragraph 33 of Part A of
of the Sixth Schedule, or the Sixth Schedule, or
(ii) excluded from total income by paragraph 48 (ii) excluded from total income by paragraph 48 of
and 61 of Part A of the Sixth Schedule. Part A of the Sixth Schedule.
International gateway service in Bank/Person responsible for
International Gateway (IGW) --- 1.50/0
22 52R [82C]
respect of Phone call making payment
TDS Same as before Interconnection Exchange (ICX) or
Access network Services ---- 7.5%
Deduction of tax from any 50/0 on excess amount of premium
23 52T payment in excess of premium Insurance company TDS Same as before Provided that no deduction of tax shall be made in
paid on life insurance policy case of death of such policy holder.
24 52U
Deduction from payment on
Bank TDS Annexure-C Annexure-C
account of local L/C
Any revenue sharing or any
Principal Officer of cellular
license fees or any other fees or 10% at the time of credit or payment whichever is
25 52V
charges payment by cellular
mobile phone operator TDS Same as before
earlier.
mobile phone operator
company
Shall collect advance income tax at such rate, not
exceeding 20% on the value of imported goods
Sec 53 & The Commissioner of
(a) 5% (general rate)
26 Rule 17A
Collection of tax on account of
Customs or the officer TCS Same as before
(b) 1% and 20/0 on certain imported goods
[82C]
import of goods
authorized
(c) Tk. 500 per ton in case of import of certain items
(d) 0% on certain imported goods and from Bhutan
(e) 3% on certain imported goods
(f) 200/0 on certain imported goods
27
Sec-53A &
House property
Specified person under
TDS 50/0 on gross rent 50/0 on gross rent
Rule-17B section 52(2)
50/0 of total freight received or receivable in or out
53AA
Commissioner of Customs or of Bangladesh.
28
[82C]
Shipping business of a resident any other authority duly TCS Same as before 30/0 of total freight received or receivable from
authorized services rendered between two or more foreign
countries.

SI. Sections
TDSj Withholding rate/rates oftaxes (Please refer to the relevant section for details1
29
Sec 53B
Recruiting agents
The Director General,
TDS Same as before
10% on service charged or fees received
r82Cl Employment & Training Tk. 50,000 at the time of renewal of license
30
53BB
Export proceeds of goods Bank TCS 1% of the total export proceeds 0.50/0 of the total export proceeds
r82Cl
53BBB The Chief Executive Officer
0.050/0 on the value of shares and mutual funds and
31
[82C]
Member of stock exchanges
of a stock exchange
TCS Same as before 100/0 on commission received or receivable other
than shares and mutual funds
Export of any goods except knit-
53BBBB
wear & woven garments, terry
0.50/0 of the total export proceeds of all goods
32
[82C]
towel, jute goods, frozen food, Bank TCS Deleted, merged with section 53BB
except goods mentioned in section 52BB
vegetables, leather goods,
packed food
Sec 53C &
Goods or property sold by 10% on sale price (General)
33 Rule-17D Seller TCS Same as before
r82Cl
public auction 1% in case of sale of tea by public auction
Deduction or collection of tax at
Person being a company
34
53CCC.
source from courier business of
working as local agent of a
TDS 15% on the amount of service charge 15% on the amount of service charge
[82C]
a non- resident
non- resident courier
company
Payment to actors, actresses,
Person responsible to 100/0
35 53D
producers, etc.
purchase film, drama, TV or TDS Same as before No tax is required to deduct if total payment does
radio programme etc. not exceed Tk. 10,000.
36
53DDD Deduction of tax at source from
Bank TDS 10% 10%
r82Cl export cash subsidy.
Any person being a (1) 100/0 on Commission, discount, fees, incentive,
corporation, body including a
Same as before
performance bonus
company making such (2) 1.5% on payment against promotion,
payment distribution or marketing of goods of a company
(3) Sells goods to any distributor or any other
TDS/
person under a contract
37 53E [82C] Commission, discount or fee etc.
TCS
at a price lower than the retail price shall collect tax
Any company other than oil
from such distributor or such any other person at
marketing company
Same as before the rate of five percent (5%) on the amount equal to
Bx C, where
B= the selling price of the company to the
distributor or the other person;
C = 5%
38
53EE Commission or remuneration
Bank TDS 10% 10%
r82Cl paid to agent of foreign buyer

SI. Sections
TDSj Withholding rate/rates oftaxes (Please refer to the relevant section for details1
Where payee is-
1. Company - 200/0
2. Person other than a company- 100/0
3. Public university, MPO registered educational
(a) 100/0 if furnishes e-TIN
39
53F(1) Interest on saving deposits & Person responsible for
TDS
institution, ICAB, CMA or ICSB -10%
(b) 150/0 if fail to furnishes e- TIN.
[82C] fixed deposits making payment 4. Recognized provident fund, Approved gratuity
(c) 50/0 for fund
fund, approved superannuation fund or pension
fund - 5%.
If person fails to submit return u/s 75 the rate of
deduction shall be 500/0 higher.
40
53FF Real state or land development
Registering Officer TCS Same as before
Different rates based on location of property, for
r82Cl business details see the section 53FF
41 53G [82C]
Deduction at source from
Insurance company TDS 50/0 50/0
insurance commission.
53GG
Deduction at source from fees,
42
[82C]
etc. of surveyors of general Insurance company TDS 10% 10%
insurance company
43 53H [82C]
Collection of tan on transfer of
Registering Officer TCS Same as before
Different rates based on location of property, for
property details see the section 53H
44 53HH
Collection of tax from lease of
Registering Officer TCS 40/0 40/0
property for at least 10 years
45 531
Interest on deposit of post office Person responsible for
TDS 100/0 100/0
saving bank account making payment
Sec 53J &
Rental value of water body
Specified person under
46
Rule 17BB
or vacant land or plant or
section 52(2)
TDS 50/0 of the rent 50/0 of the rent
machinery
Advertisement bill of newspaper
47 53K
or magazine or private Person responsible for
TDS 40/0 40/0
television channel, private radio making payment
station etc.
Transfer of shares or mutual
48 53M [82C]
fund units by the sponsor
Stock Exchange TCS 50/0 50/0
shareholders of a company
listed on stock exchange
49 53N [82C]
Transfer of share of shareholder
Stock Exchange TCS 15% on any gain 15% on any gain
of stock exchange
Any sum paid by real estate
Any person engaged in real
50 53P [82C]
developer to land owner
estate or land development TDS 15% 15%
business

SI. Sections
TDSj Withholding rate/rates of taxes (Please refer to the relevant section for details1
Bus having seats exceeding 52 ---------- 16,0001-
Bus having seats not exceeding 52 ----- 11,5001-
Air conditioned Bus ---------------------- 37,5001-
Double decker Bus ----------------------- 16,0001-
Air conditioned (AC) MinibusICoaster-16,OOOI-
Non-AC MinibusI Coaster----------------- 6,5001-
Prime mover ------------------------------- 24,0001-
Truck, Lorry or Tank Lorry having payload
Collection of Tax from
Responsible person for
capacity exceeding five tons ------------ 16,0001-
51 53Q [82C] motorvehicles plying TCS Truck, Lorry or Tank Lorry having payload Newly inserted
commercially
registration (BRTC)
capacity exceeding one and half tons but not
exceeding five tons ------------------------- 9,5001-
Truck, Lorry or Tank Lorry having payload
capacity not exceeding one and half tons -------------
-------------------------------------------- 4,0001-
Pickup van, human hauler, maxi or auto rickshaw --
--------------------------------- 4,0000I-Air conditioned
Taxicab ----------------- 11,5001-
Non-AC Taxicab ---------------------------- 4 000/-
1. Inland ships engaged in carrying passengers in
inland water ----- Taka 125 per passenger
(carrying capacity of an inland ship shall be the
Collection of tax from inland Responsible person for
capacity of daytime plying in smooth waters)
52 53R [82C] TCS 2. Cargo, Container (multipurpose) and Newly inserted
ships registration (BIWTC)
Coaster engaged in carrying goods in inland
water ----- Taka 170 per gross tonnage
3. Dump barge engaged in carrying goods in inland
water ----- Taka 125 per gross tonnage.
Residentl non-resident Bangladeshi company
-------- 200/0
Residentl non resident Bangladeshi person other
than company
Having 12 digits TIN ------------ 100
/0
53 54 Dividends
making payment
TDS Same as before Without 12 digits TIN ----------- 150
/0
Provided that the provision of this section shall not
be applicable to any distribution of taxed dividend
to a company if such taxed dividend enjoy tax
exemption under the provision of paragraph 60 of
Part A of the Sixth Schedule.
54 55 [82C] Income from lottery
TDS 200
/0 200
/0
making payment
55 56 Income of non-residents
Specified person as
TDS Annexure-D Annexure-D
mentioned in section 52(2)

Annexure-A
Deduction from payment to contractors, etc. [Section-52]
(1) Where any payment is to be made by a specified person to a resident on account of-
(a) execution of a contract, other than a contract for providing or rendering a service mentioned in any other section of Chapter VII;
(b) supply of goods;
(c) manufacture, process or conversion;
(d) printing, packaging or binding;
the person responsible for making the payment shall, at the time of making such payment, deduct tax at such rate, not exceeding ten percent (100/0)
of the base amount, as may be prescribed:
Provided that-
(a) the rate oftax shall befifty percent (50%) higher ifthe payeefails to submit proofofsubmission ofreturn at the time ofmaking the payment;
(b) tax shall not be deducted in respect ofclause (b) ofsub-section (1) in respect ofthe purchase ofdirect materials that constitute cost ofsales or cost
ofgoods sold ofa trading company or a manufacturing company, as the case may be;
(bb) the rate oftax shall befifty percent (50%) higher ifthe payee does not receive payment by bank transfer;
(c) where any imported goods on which tax has been paid at source under section 53 is supplied, tax at source on the said supply shall be B -A, where-
A = the amount oftax paid under section 53,
B = the amount oftax applicable under this section ifno tax were paid under section 53.
(d) where any goods on which tax has been paid at source under section 53£ is supplied, tax at source on the said supply shall be B -A, where-
A = the amount oftax paid under section 53£,
B = the amount oftax applicable under this section ifno tax were paid under section 53£:
Provided that in case ofthe goods supplied by any distributor or any other person under a contract as referred in sub-section (3) ofsection 53£,
the term ((B" as mentioned in paragraph (d) shall be computed as follows:
B= (the selling price ofthe company to the distributor or the other person as referred in section 53£ (3)) x 7% x 5%.
(2) In this section-
(a) the specified person means-
(i) the Government, or any authority, corporation or body of the Government, including its units, the activities of which are authorized by any
Act, Ordinance, Order or instrument having the force of law in Bangladesh;

(ii) a project, programme or activity where the Government has any financial or operational involvement;
(iii) a joint venture or a consortium;
(iv) a company as defined in clause (20) of section 2 of this Ordinance;
(v) a co-operative bank;
(vi) a co-operative society;
(vii) a financial institution;
(viii) a Non-Government Organization registered with the NGO Affairs Bureau or a Micro Credit Organisation having licence with Micro Credit
Regulatory Authority;
(ix) a school, a college, an institute or a university;
(x) a hospital, a clinic or a diagnostic center;
(xi) a trust or a fund;
(xii) a firm;
(xiia) an association of persons;
(xiii) a public-private partnership;
(xiv) a foreign contractor, a foreign enterprise or an association or a body established outside Bangladesh;
(xv) any e-commerce platform, not being any other specified persons, called by whatever name having annual turnover exceeding Taka one
crore;
(xvi) hotel, resort, community center and transport agency having annual turnover exceeding Taka one crore;
(xvii) an artificial juridical person;
(b) "contract" includes a sub-contract, any subsequent contract, an agreement or an arrangement, whether written or not;
(c) "base amount" means the higher of the-
(i) contract value; or
(ii) bill or invoice amount; or
(iii) payment;
(d) "payment" includes a transfer, a credit or an adjustment of payment or an order or instruction of making payment.

The rate of deduction of income tax under section 52: Deduction oftax from payment to contractors, etc. [Rule-16]
(1) The rate of deduction of income tax under section 52 shall be the following-
(a) subject to clause (b), in case of a payment made under sub-section (1) of section 52, the deduction on payment shall be at the rate specified in the
Table-l below: -
Table-l
SI. No. Amount
1. Where base amount does not exceed taka 50 lakh
2. Where base amount exceeds 50 lakh but does not exceed taka 2 crore
3. Where base amount exceeds taka 2 crore
(b) the rate of deduction from the following classes of persons shall be at the rate specified in the Table-2 below: -
Table-2
SI. No. Description
1. In case of oil supplied by oil marketing companies engaged in marketing of petroleum oil and lubricant
2. In case of oil supplied by dealer or agent (excluding petrol pump station) of oil marketing companies, on any
amount
3. In case of supply of oil by any company engaged in oil refinery, onany amount
4. In case of company engaged in gas transmission, on any amount
5. In case of company engaged in gas distribution, on any amount
6. In case of an industrial undertaking engaged in producing cement, iron or iron products, ferro alloy products
except MS Billets
7. In case of an industrial undertaking engaged in the production of MS Billets
8. In case of locally procured MS Scrap
9. In case of supply of rice, wheat, potato, onion, garlic, peas, chickpeas, lentils, ginger, turmeric, dried chillies,
pulses, maize, coarse flour, flour, salt, edible oil, sugar, black pepper, cinnamon, cardamom, clove, date, cassia
leaf, jute, cotton, yarn and all kinds of fruits
10. In case ofsupply ofbooks to a person other than the Government, or any authority, corporation or body of the
Government, including all of its attached and sub-ordinate offices
11. In case of supply oftrading goods to a trader
12. In case of supply of industrial raw materials to a manufacturer
Compiled by: Masum Gazi In association with: Mahmudul Hasan
Rate of deduction of tax
30/0
50/0
70/0
Rate of deduction of tax
0.6%
10/0
30/0
3%
30/0
2%
0.5%
0.50/0
20/0
3%
50/0
4%
Page 18 of27

(2) The rate of tax under sub-rule (1) shall be fifty percent (500
/0) higher if the payee fails to submit proof ofsubmission of return at the time of making
the payment.
(3) The rate of tax under sub-rule (1) shall be fifty percent (500
/0) higher if the payee does not receive payment by bank transfer.
(4) Where the payee or the income of the payee, which is subject to tax at source under section 52, is exempted from tax or is subject to a reduced tax
rate in an income year, the Board may, on an application made by the payee in this behalf, give a certificate in writing that the payment referred to
section 52 for that income year shall be made without any deduction or with deduction at a proportionately reduced rate, as the case may be.
Annexure-B
Deduction from the payment of certain services [Section-52AA]
(1) Where any payment is to be made by a specified person to a resident on account of a service as mentioned in this section, the person responsible
for making the payment shall, at the time of making such payment, deduct income tax at the rate specified in the Table below: -
Table
SI.
Description of service and payment Rate
No.
1. Advisory or consultancy service 100/0
2. (i) Professional service;
(ii) technical services fee; or 100/0
(iii) technical assistance fee.
3. (i) Catering service;
(ii) Cleaning service;
(iii) Collection and recovery service;
(iv) Private security service;
(v) Manpower supply service;
(vi) Creative media service;
(vii) Public relations service;
(viii) Event management service;
(ix) Training, workshop, etc. organization and management service;
(x) Courier service;
(xi) Packing and Shifting service;
(xii) Any other service of similar nature-

SI.
Description of service and payment Rate
No.
(a) on commission or fee 100/0
(b) on gross bill amount 2%
4. Media buying agency service
(b) on gross bill amount 0.65%
5. Indenting commission BO/o
6. Meeting fees, training fees or honorarium 100/0
7. Mobile network operator, technical support service provider 120/0
B. Credit rating service 100/0
9. Motor garage or workshop B%
10. Private container port or dockyard service BO/o
11. Shipping agency commission BO/o
12. Stevedoring/berth operator /terminal operator/Ship handling operator -
(b) on gross bill amount 5%
13. (i) Transport service, carrying service, vehicle rental service, Repair and maintenance service;
(ii) Any other service under any sharing economy platform including ride sharing service, coworking space providing service and 50/0
accommodation providing service;
14. Wheeling charge for electricity transmission 30/0
15. Internet Service 100/0
16. Service delivery agents engaged in mobile financial services or channel partners of mobile financial services 100/0
17. Any other service which is not mentioned in Chapter VII of this Ordinance and is not a service provided by any bank, insurance,
100/0
mobile financial services or financial institutions.
Provided that-
(a) if the amount for services mentioned in SL No.3 and 4 of the Table shows both commission or fee and gross bill amount tax shall be the higher
amount between (i) and (ii) where-
(i) tax calculated on commission or fee applying the relevant rate in the table; and
(ii) B x CX D, where-
B =Gross bill amount.
C =10% of SI. 3 and 2.5% for SI. 4, and
D =rate of tax applicable on commission or fee;

(b) the rate of tax shall be fifty percent (500/0) higher if the payee fails to submit proof of submission of return at the time of making the payment;
(c) the rate of tax shall be fifty percent (500/0) higher if the payee does not receive payment by bank transfer;
(d) where the Board, on an application made in this behalf, gives certificate in writing that the person rendering such service is otherwise exempted
from tax under any provision of this Ordinance, the payment referred to in this section shall be made without any deduction or with deduction at a
lesser rate for that income year.
Annexure-C
Deduction from payment on account of local letter of credit [Section-52U]
(1) The bank or any other financial institution extending any credit facility under a local letter of credit or any other financing agreement, not being a
financing arrangement under sub-section (2), for purchasing any goods in Bangladesh by a person (hereinafter referred to as "Person A") from
any person (hereinafter referred to as "Person B") for the purpose of trading, or of reselling after process or conversion shall deduct, at the time
of paying or crediting to Person B, tax at the rate of three percent (30/0) of the amount so paid or credited in relation to the purchase by Person A.
(2) The bank or any other financial institution extending any credit facility to a distributor under a financing arrangement in which a person
(hereinafter referred to as "Person C") receives payments from such bank or the financial institution against the invoice or sale of goods to its
distributor (hereinafter referred to as "Person D") shall deduct, at the time of paying or crediting payment to Person C, tax at the rate ofone percent
(10/0) of the amount so paid or credited in relation to the goods invoiced to Person D.
(3) The tax shall be deducted at the rate of two percent (20/0) in the cases oflocalletter of credit or any other financing agreement opened or made for
the purchase or procurement ofrice, wheat, potato, onion, garlic, peas, chickpeas, lentils, ginger, turmeric, dried chillies, pulses, maize, coarse flour,
flour, salt, edible oil, sugar, black pepper, cinnamon, cardamom, clove, date, cassia leaf, computer or computer accessories, jute, cotton, yarn and
all kinds of fruits.
(4) Nothing in this section shall limit the applicability of section 52.
Explanation. - For the purpose of this section, "distributor" means a person who performs the function of supply of finished goods produced by
another person to the end customer directly or through any other intermediary.

Annexure-D
Deduction from income of non-residents [Section-56]
(1) Subject to the provisions of sub-section (2), the specified person or any other person responsible for making payment to a non-resident of any
amount which constitutes the income of such non-resident chargeable to tax under this Ordinance shall, unless such person is himself liable to pay tax
thereon as agent, at the time of making such payment, deduct tax on the amount so payable at the rate, specified below:
SL. No. Description of services or payments Rate of deduction oftax
1. Advisory or consultancy service 20%
2. Pre-shipment inspection service 200/0
3. Professional service, technical services, technical know-how or technical assistance 200/0
4. Architecture, interior design or landscape design, fashion design or process design 20%
5. Certification, rating etc. 200/0
6. Charge or rent for satellite, airtime or frequency, rent for channel broadcast 20%
7. Legal service 20%
8. Management service including even management 200/0
9. Commission 20%
10. Royalty, license fee or payments related to intangibles 20%
11. Interest 20%
12. Advertisement broadcasting 20%
13. Advertisement making or Digital Marketing 150/0
14. Air transport or water transport not being the carrying services mentioned in sections 102 or 103A 7.50/0
15. Contractor or sub-contractor of manufacturing, process or conversion, civil work, construction, engineering or
7.50/0
works of similar nature
16. Supplier 7.5%
17. Capital gain 15%
18. Insurance premium 100/0
19. Rental of machinery, equipment etc. 15%
20. Dividend-
(a) company, fund and trust 20%
(b) any other person, not being a company, fund and trust 300/0
21. Artist, singer or player 30%
22. Salary or remuneration 300/0

SL. No. Description of services or payments Rate of deduction oftax
23. Exploration or drilling in petroleum operations 5.25%
24. Survey for coal, oil or gas exploration 5.25%
24A. Fees, etc. of surveyors of general insurance company 20%
25. Any service for making connectivity between oil or gas field and its export point 5.250/0
26. Any payments against any services not mentioned above 200/0
27. Bandwidth payment 100/0
28. Any other payments 20%
Provided that when any capital gain arises from the transfer ofany share ofa company, the person or the authority, as the case may be, responsible
for effecting the transfer ofshares shall notgive any effect in respect ofsuch transfer iftax on such capital gain has not been paid.
(2) Where, in respect of any payment under this section, the Board, on an application made in this behalf, is satisfied that due to tax treaty or any other
reason the non-resident is not be liable to pay any tax in Bangladesh, or is liable to pay tax at a reduced rate in Bangladesh, the Board may issue a
certificate within thirty days from the date of receipt of such application accompanied by all the documents as required by the Board to the effect that
the payment referred to in sub-section (1) shall be made without any deduction or, in applicable cases, with a deduction at the reduced rate as
mentioned in the certificate.
(2A) Tax deducted under this section shall be deemed to be the minimum tax liability of the payee in respect of the income for which the deduction is
made, and shall not be subject of refund or set off or an adjustment against a demand.
(3) For the purpose of this section -
(i) "specified person" shall have the same meaning as in clause (a) of sub-section (2) of section 52 of this Ordinance; and
(ii) "payment" includes a transfer, a credit, an adjustment of payment or an order or instruction of making payment.

Tax Deposit Code
Name ofthe Zone
Taxes Zone-l, Dhaka
Taxes Zone-2, Dhaka
Taxes Zone-3, Dhaka
Taxes Zone-4, Dhaka
Taxes Zone-5, Dhaka
Taxes Zone-6, Dhaka
Taxes Zone-7, Dhaka
Taxes Zone-8, Dhaka
Taxes Zone-9, Dhaka
Taxes Zone-l0, Dhaka
Taxes Zone-ll, Dhaka
Taxes Zone-12, Dhaka
Taxes Zone-l, Chattog
Taxes Zone-2, Chattog
Taxes Zone-Khulna
Taxes Zone-Rajshahi
Taxes Zone-Rangpur
Taxes Zone-Sylhet
Taxes Zone-Barishal
Taxes Zone-Gazipur
ram
ram
ram
ram
Compiled by: Masum Gazi
Annexure-E
Income tax Companies Income tax other than Company Other Fees
1-1141-0001-0101 1-1141-0001-0111 1-1141-0001-1876
1-1141-0005-0101 1-1141-0005-0111 1-1141-0005-1876
1-1141-0010-0101 1-1141-0010-0111 1-1141-0010-1876
1-1141-0015-0101 I 1-1141-0015-0111 1-1141-0015-1876
1-1141-0020-0101 1-1141-0020-0111 1-1141-0020-1876
1-1141-0025-0101
I 1-1141-0025-0111 1-1141-0025-1876
1-1141-0030-0101 1-1141-0030-0111 1-1141-0030-1876
1-1141-0035-0101 1-1141-0035-0111 1-1141-0035-1876
1-1141-0080-0101 1-1141-0080-0111 1-1141-0080-1876
1-1141-0085-0101 1-1141-0085-0111 1-1141-0085-1876
1-1141-0090-0101 1-1141-0090-0111 1-1141-0090-1876
1-1141-0095-0101 1-1141-0095-0111 1-1141-0095-1876
1-1141-0100-0101 1-1141-0100-0111 1-1141-0100-1876
1-1141-0105-0101 1-1141-0105-0111 1-1141-0105-1876
1-1141-0110-0101 1-1141-0110-0111 1-1141-0110-1876
1-1141-0040-0101
I 1-1141-0040-0111 1-1141-0040-1876
1-1141-0045-0101 1-1141-0045-0111 1-1141-0045-1876
1-1141-0050-0101 1-1141-0050-0111 1-1141-0050-1876
1-1141-0135-0101 1-1141-0135-0111 1-1141-0135-1876
1-1141-0055-0101 1-1141-0055-0111 1-1141-0055-1876
1-1141-0060-0101 1-1141-0060-0111 1-1141-0060-1876
1-1141-0065-0101 1-1141-0065-0111 1-1141-0065-1876
1-1141-0070-0101 1-1141-0070-0111 1-1141-0070-1876
1-1141-0075-0101 1-1141-0075-0111 1-1141-0075-1876
1-1141-0120-0101 1-1141-0120-0111 1-1141-0120-1876
In association with: Mahmudul Hasan Page 24 of27

Name ofthe Zone
Taxes Zone-Narayanganj
Taxes Zone-Bogura
Taxes Zone-Cumilla
Taxes Zone-Mymensingh
Large Taxpayer Unit (LTU)
Central Survey Zone
Name ofthe Zone
Income tax Companies I Income tax other than Company
1-1141-0115-0101 i 1-1141-0115-0111
1-1141-0140-0101 1-1141-0140-0111
1-1141-0130-0101 _------1-1___1-1141-0130-0111
Other Fees
1-1141-0115-1876
1-1141-0140-1876
1-1141-0130-1876
1-1141-0125-0101
1-1145-0010-0101
1-1145-0005-0101
1-1141-0125-0111 1-1141-0125-1876
- - - - t - - - - -
1-1145-0010-0111 1-1145-0010-1876
1-1145-0005-0111 1-1145-0005-1876
Appeal and Tribunal Fee
~-----------------------------
Deposit Code
1-1143-0001-1876
1-1143-0005-1876
1-1143-0010-1876
1-1143-0035-1876
1-1143-0020-1876
1-1143-0025-1876
Taxes Appeal Zone-1, Dhaka
Taxes Appeal Zone-Chattogram
Taxes Appeal Zone-Khulna
Taxes Appeal Zone-Rajshahi
Tribunal Fee
--~-------------------------------
1-1143-0040-1876
1-1143-0015-1876

The Deputy Commissioner ofTaxes
Taxes Circle-O1
Taxes Zone-Ol
Dhaka.
~
<fI~~ <m~~/~ <m~~
Annexure-F
151&11i1 ~~~
fG-, ~~'if~ ~ (~Jf, ~ '!)'~)
Tax zone code If vendor is a company then - 0101, if other than company then - 0111
~ ~toT<P~ ~'i~ ~~ ~ ~ ~~~~ ~'i8f~!l<f~
~~~~ ~~/(!j~0IG"'1~ ~ ~~~cq-~m ~~~~~/ ~~~~
~~~~I ~~~~~ ~~~~I ~,C'1-~~ ~ ~
/ / ~
~~~!)8f~,
~,~~~I-Tt 1 ~~~I ~~~ 1*
Mr. Karim XYZ Company Limited Tax Deducted at
Accounts and Finance Source under
ABC Company Limited section 52 against
Gulshan-1, Dhaka payment of
stationery
Cash
10,000 .00
~~ 10,000 .00
~ (~'4Rr) g Ten thousand taka only
~9fi~mc~ ~IG"'1IStI~
~g o~-oq-=<,=<, <fI~~ <m~~/~ <m~~
~g ~IJf~~~~~~~~~~~~1
~1*C<r~~~<1S'i<1S~~~,Cjf~~~~1

References
1. The above presentation is prepared based on:
i. The Income Tax Ordinance, 1984 and the Income Tax Rules, 1984;
ii. Finance Act, 2022;
iii. SRO No. 155/2022 (Amendment of rules).
2. The green color represents changes/amendments, made by the Finance Act, 2022 and SROs published during the month of June
2022.
Declaration
This document is prepared on 06 July 2022, ifany changes are made by the National Board of Revenue afterward, then those new provisions/orders
shall prevail.
If you have any query, you can communicate bye-mail at: masumgazi613@gmail.com or on
LinkedIn: https:jjwww.linkedin.comjinjtaxprofessionalbdj
Thank You

TDS rate for the financial year 2022-2023

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to TDS rate for the financial year 2022-2023

Similar to TDS rate for the financial year 2022-2023 (20)

More from Masum Gazi

More from Masum Gazi (16)

Recently uploaded

Recently uploaded (20)

TDS rate for the financial year 2022-2023