সঞ্চয়ী আমানত এবং স্থায়ী আমানত, ইত্যাদির সুদ আয় হতে উৎসে কর কর্তন – TDS Rate for DPS FDR 2022-23 under section 53F (2)
(1) Notwithstanding anything contained in this Ordinance or any other law for the time being in force in respect of exemption of tax, any person responsible for paying to a resident any sum by way of interest or share of profit on any saving deposits or fixed deposits or any term deposit maintained with any bank including a co-operative bank or any bank run on Islamic principles or non-banking financial institution or any leasing company or housing finance company, as the case may be, shall deduct, at the time of credit of such interest or share of profit to the account of the payee or at the time of payment thereof, whichever is earlier, income tax on such sum at the rate provided in the following table-
Table
| Sl No | Types of the payee | Rate |
|---|---|---|
| 1 | Where the payee is a company | 20% |
| 2 | Where the payee is a person other than a company | 10% |
| 3 | Where the payee is a public university, or an educational institution whose teachers are enlisted for Monthly Pay Order (MPO), following the curriculum approved by the Government and whose governing body is also formed as per Government rules or regulations, or any professional institute established under any law and run by professional body of Chartered Accountants, Cost and Management Accountants or Chartered Secretaries | 10% |
| 4 | Where the payee is recognized provident fund, approved gratuity fund, approved superannuation fund or pension fund | 5% |
(2) Where the payee being a person required to submit return under section 75 fails to furnish proof of submission of return, the rate of deduction shall be 50% higher.
(3) For the purpose of sub-section (2), the proof of submission of return of parent shall be considered as the proof of submission of return of a minor.
(4) Nothing contained in this section shall apply-
a. to interest or share of profit arising out of any deposit pension scheme sponsored by the Government or by a Bank with prior approval of the Government; or
b. to such payee or class of payees as the Board may, by a general or special order, specify that income of such payee or class of payee is otherwise exempted from tax.
