Do you know the updated TDS rates chart FY 2022-23 in Bangladesh with section references?
The people who are working in accounts and finance department, responsible for making the payments require to know the TDS rates to deduct or collect tax at source during making the payment to comply the tax law.
In this article, I have compiled full TDS rates chart FY 2022-23 in Bangladesh including section references for you. At the end of the TDS rates chart, you will also find the related annexure where I have also included the details explanation for you.
You will be happy to know that, I also publish VAT rates chart, SD rates chart and VAT exempted goods and services in this blog. But the most important issue is that when you will make the payment, you have to know how the tax shall be calculated in different situations. Sometimes, you may face difficulties in complex tax issues.
Anyway, there are few changes in the TDS rates chart FY 2022-23 in Bangladesh. After incorporating all the changes, full TDS rates chart FY 2022-23 with section references are presented below in table.
Now, let’s start for details TDS rates chart FY 2022-23 in Bangladesh.
Please rotate your smartphone screen for friendly view of the below table. You may also download PDF copy of this full TDS rates chart FY 2022-23.
| SI | Heads | Ref | Rate |
| 1 | Salaries | Section 50 | Average |
| Salaries (Government) | Section 50 (1A) | Average | |
| 2 | Discount on the real value of Bangladesh Bank Bills | Section 50A | Maximum |
| 3 | Interest or profit on securities | Section 51 | 5% |
| 4 | (a) Execution of 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 | Section 52 & Rule 16 | Annexure 1 |
| 5 | Royalties, franchise, fee for issuing license, brand name, patent, invention, formula, process, method, design, pattern, know-how, copyright, trademark, trade name, literary or musical or artistic composition, survey, study, forecast, estimate, customer list or any other intangibles | Section 52A | Annexure 2 |
| 6 | Deduction from payment of certain services | Section 52AA | Annexure 3 |
| 7 | C&F agency commission | Section 52AAA | 10% |
| 8 | Manufacturer of nonmechanical cigarette (Bidi) | Section 52B | 10% of the value of banderols |
| 9 | Compensation against acquisition of property | Section 52C | (a) 6% of the amount of such compensation against the immovable property situated within a city corporation, paurashava or cantonment board (b) 3% of the amount of such compensation against the immovable property situated outside the jurisdiction of a city corporation, paurashava or cantonment board |
| 10 | Interest on saving instruments | Section 52D | 10% (No withholding tax on interest on pensioners savings certificate if cumulative investment in such certificate at the end of the income year does not exceed tk. 5 lakh) |
| 11 | Payment to a beneficiary of Workers’ Participation Fund | Section 52DD | 5% |
| 12 | Brick Manufacturer | Section 52F | Tk.45,000/-for one section brickfield, Tk.70,000/-for one and half section brickfield, Tk.90,000/-for two section brick field, Tk.1,50,000/-for automatic brickfield |
| 13 | Commission of letter of credit | Section 52I | 5% |
| 14 | Travel agent | Section 52JJ | See lesson 3.1 |
| 15 | Renewal of trade license by City Corporation or Paurashava | Section 52K | Tk. 3,000/-for Dhaka North City Corporation, Dhaka South City Corporation & Chittagong City Corporation; Tk. 2,000 for any other city corporation, Tk. 1,000 for any paurashava of any district headquarters; Tk. 500 in any other paurashava |
| 16 | Freight forward agency commission | Section 52M | 15% |
| 17 | Purchase of power | Section 52N | 6% |
| 18 | Foreign technician serving in diamond cutting | Section 52O | 5% |
| 19 | Services from convention hall, conference centre etc. | Section 52P | 5% |
| 20 | Any income in connection with any service provided to any foreign person by a resident person; No tax against sale of software or services if it is exempted under paragraph 33 of part A of the sixth schedule, or excluded from total income by paragraph 48 and 61 of Part A of the Sixth Schedule. | Section 52Q | 10% But 7.5% in case of contracts on manufacturing, process or conversion, civil work, construction, engineering or works of similar nature. |
| 21 | International gateway service in respect of phone call. | Section 52R | (1) 1.5% of total revenue received by IGW services operator. (2) 7.5% of revenue paid or credited to ICX, ANS, BTRC and others (2A) 7.5% on the whole amount so paid or credited at the time of payment or credit |
| 22 | Payment in excess of premium paid on life insurance policy | Section 52T | 5% |
| 23 | Payment on account of purchase through local L/C | Section 52U | 3% (If purchase of goods for the purpose of trading or reselling after process or conversion) 1% (Payment against the invoice or sale of goods to distributor) 2% (If the payment related to local letter of credit (L/C) and any other financing agreement in respect of purchase or procurement of rice, wheat, potato, onion, garlic, peas, chickpeas, lentils, ginger, turmeric, dried chilies, 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 |
| 24 | Payment of fees, revenue sharing etc. by cellular mobile phone operator | Section 52V | 10% |
| 25 | Import | Section 53 & Rule 17A | Not exceeding 20% on the value of imported goods |
| 26 | House property or hotel accommodation | Section 53A | 5% of the gross rent |
| 27 | Shipping business of a resident | Section 53AA | 5% of total freight received or receivable in or out of Bangladesh 3% of total freight received or receivable from services rendered between two or more foreign countries |
| 28 | Recruiting agents | Section 53B | 10% BDT 50,000 as advance tax for license or renew of license |
| 29 | Deduction of tax from export proceeds of goods | Section 53BB | 1% of the total export proceeds |
| 30 | Member of Stock Exchanges | Section 53BBB | i) 0.05% on the value of shares and mutual funds transacted ii) 10% on the commission received or receivable |
| 31 | Goods or property sold by public auction | Section 53C | 10% of sale price |
| 32 | Courier business of a non-resident | Section 53CCC | 15% on the amount of service charge |
| 33 | Payment to actors, actresses, producers, etc. | Section 53D | (a)10% on the payment in case of purchase of film, drama, any kind of television or radio program (b)10% on the payment to actor/actress (If the total paymentexceedTk.10,000) |
| 34 | Export cash subsidy | Section 53DDD | 10% |
| 35 | Commission, discount or fees | Section 53E | See lesson 2.12 |
| 36 | Commission or remuneration paid to agent of foreign buyer | Section 53EE | 10% |
| 37 | Where the payee is a company | Section 53F(1) | 20% |
| Where the payee is a person other than a company | Section 53F(2) | 10% | |
| Where the payee is a public university, or an educational institution whose teachers are enlisted for Monthly Pay Order (MPO), following the curriculm approved by the Government and whose governing body is also formed as per Government rules or regulations, or any professional institution established under any law and run by professional body of Chartered Accountants, Cost and Management Accountant or Chartered Secrataries | Section 53F(3) | 10% | |
| Where the payee is recognized provident fund, approved gratuity fund, approved superannuation fund or pension fund | Section 53F(4) | 5% | |
| 38 | Real estate or land development business | Section 53FF | See annexure 4 in case of Building or apartment In case of Land: (i)5% for Dhaka, Gazipur, Narayanganj, Munshigang, Manikganj, Narshindi & Chittagong district; (ii) 3% for any other district |
| 39 | Insurance commission | Section 53G | 5% |
| 40 | Fees of survey or so for general insurance company | Section 53GG | 10% |
| 41 | Transfer of property | Section 53H | As mentioned in Appendix 6 |
| 42 | Collection of Tax from lease of property | Section 53HH | 4% |
| 43 | Interest on deposit of post office Saving bank account | Section 53I | 10% |
| 44 | Rental value of vacant land or plant or machinery | Section 53J | 5% of the rent |
| 45 | Advertisement of newspaper or magazine or private television channel or private radio station or any web site or any person on account of advertisement or purchasing airtime of private television channel or radio station or such website. | Section 53K | 4% |
| 46 | Transfer of shares by the sponsor shareholders of accompany listed with stock exchange | Section 53M | 5% |
| 47 | Transfer of shares of any Stock Exchange | Section 53N | 15% on gain |
| 48 | Any sum paid by real estate developer to land owner | Section 53P | 15% |
| 49 | Collection of tax from motorvehicles plying commercially | 53Q | Annexure 5 |
| 50 | Inland ships engaged in carrying passengers in inland water | 53R(1) | Taka 125 per passenger (carrying capacity of an inland ship shall be the capacity of daytime plying in smooth waters) |
| Cargo, container (multipurpose) and coaster engaged in carrying goods in inland water | 53R(2) | Taka 170 per gross tonnage | |
| Dump barge engaged in carrying goods in inland water | 53R(3) | Taka 125 per gross tonnage | |
| 51 | Dividends | Section 54 | Resident/nonresident Bangladeshi company – 20% Resident/nonresident Bangladeshi person other than company -If TIN, 10% -If No TIN, 15% |
| 52 | Income from lottery | Section 55 | 20% |
| 53 | Income of non-residents (Section 56): (1) Advisory or consultancy service (2) Pre-shipment inspection service (3) Professional service, technical services, technical know-how or technical assistance (4) Architecture, interior design or landscape design, fashion design or process design (5) Certification, rating etc. (6) Charge or rent for satellite, airtime or frequency, rent for channel broadcast (7) Legal service (8) Management service including event management (9) Commission (10) Royalty, license fee or payments related to intangibles (11) Interest (12) Advertisement broadcasting (13)Advertisement making or Digital marketing (14) Air transport or water transport (15) Contractor or sub-contractor of manufacturing, process or conversion, civil work, construction, engineering or works of similar nature (16) Supplier (17) Capital gain (18) Insurance premium (19)Rental of machinery, equipment etc. (20) Dividend (21) Artist, singer or player (22) Salary or remuneration (23) Exploration or drilling in petroleum operations (24) Survey for coal, oil or gas exploration (24A) Fees, etc. of surveyors of general insurance company (25) Any service for making connectivity between oil or gas field and its export point (26) Any payments against any services not mentioned above | Section 56 | Annexure 6 |
| (27) Any other payments under section 56 | Section 56 | 30% |
Annexure 1: Rate of deduction under section 52
(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 following rate:
| SI | Base value | Rate |
| 1 | Up to BDT 50 lakh | 3% |
| 2 | Above BDT 50 lakh but below BDT 2 crore | 5% |
| 3 | Above BDT 2 crore | 7% |
(b) the rate of deduction from the following classes of persons shall be at the following rate:
| SI | Description | Rate |
| 1 | In case of oil supplied by oil marketing companies engaged in marketing of petroleum oil and lubricant | 0.60% |
| 2 | In case of oil supplied by dealer or agent (excluding petrol pump station) of oil marketing companies, on any amount | 1% |
| 3 | In case of supply of oil by any company engaged in oil refinery, on any amount | 3% |
| 4 | In case of company engaged in gas transmission, on any amount | 3% |
| 5 | In case of company engaged in gas distribution, on any amount | 3% |
| 6 | In case of an industrial undertaking engaged in producing cement, iron or iron products, ferro alloy products except MS Billets | 2% |
| 7 | In case of an industrial undertaking engaged in the production of MS Billets | 0.5% |
| 8 | In case of locally procured MS Scrap | 0.5% |
| 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 | 2% |
| 10 | In case of supply of books 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 | 3% |
| 11 | In case of supply of trading goods to a trader | 5% |
| 12 | In case of supply of industrial raw materials to a manufacturer | 4% |
Annexure 2: Rate of deduction under section 52A
| Description of payment | Rate |
| Where base amount does not exceed taka 25 lakh | 10% |
| Where base amount exceeds taka 25 lakh | 12% |
Annexure 3: Rate of deduction from the payment of certain services under section 52AA
| SI | Description of service and payment | Rate |
| 1 | Advisory or consultancy service | 10% |
| 2 | (i) Professional service; (ii) technical services fee; (iii) technical assistance fee | 10% |
| 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- (a) on commission or fee (b) on gross bill amount | 10% 2% |
| 4 | Media buying agency service (a) on commission or fee (b) on gross bill amount | 10% 0.65% |
| 5 | Indenting commission | 8% |
| 6 | Meeting fees, training fees or honorarium | 10% |
| 7 | Mobile network operator, technical support service provider | 12% |
| 8 | Credit rating service | 10% |
| 9 | Motor garage or workshop | 8% |
| 10 | Private container port or dockyard service | 8% |
| 11 | Shipping agency commission | 8% |
| 12 | Stevedoring/berth operator/terminal operator/ship handling operator- On commission or feeOn gross bill amount | 10% 5% |
| 13 | (i) Transport service, carrying service, vehicle rental service, repair & maintenance service; (ii) Any other service under any sharing economy platform including ride sharing service, coworking space providing service and accommodation providing service; | 5% |
| 14 | Wheeling charge for electricity transmission | 3% |
| 15 | Internet service | 10% |
| 16 | Service delivery agents engaged in mobile financial services or channel partners of mobile financial services | 10% |
| 17 | Any other service which is not mentioned in Chapter VII of this Ordinance and is not a service provided by any bank, insurance or financial institutions | 10% |
Annexure 4: Rate of deduction from income of non-residents under section 53FF
a) in case of building or apartment constructed for residential purposes:
| Area | Per square metre (BDT) |
| i) Gulshan Model Town, Banani, Baridhara, Matijheel C/A and Dilkusha C/A of Dhaka | 1,600 |
| ii) Dhanmondi R/A, DOHS, Mohakhali, Lalmatia Housing Society, Uttara Model Town, Bashundhara R/A, Dhaka Cantonment Area, Karwanbazar C/A of Dhaka and Panchlaish R/A, Khulshi R/A, Agrabad and Nasirabad of Chittagong | 1,500 |
| iii) Dhaka North City Corporation, Dhaka South City Corporation and Chittagong City Corporation other than areas mentioned in (i) and (ii) | 1,000 |
| iv) Other City Corporations than Dhaka North City Corporation, Dhaka South City Corporation and Chittagong City Corporation | 700 |
| v) in areas other than areas mentioned in the above (i), (ii), (iii) & (iv) | 300 |
Source tax for residential apartment consisting below 70 sqm including common space will be 20% lower and below 60 sqm including common space will be 40% lower.
b) in case of building or apartment or any space constructed not for the residential purposes:
| Area | Per square metre (BDT) |
| i) Gulshan Model Town, Banani, Baridhara, Matijheel C/A and Dilkusha C/A of Dhaka | 6,500 |
| ii) Dhanmondi R/A, DOHS, Mohakhali, Lalmatia Housing Society, Uttara Model Town, Bashundhara R/A, Dhaka Cantonment Area, Karwanbazar C/A of Dhaka and Panchlaish R/A, Khulshi R/A, Agrabad and Nasirabad of Chittagong | 5,000 |
| iii) Dhaka North City Corporation, Dhaka South City Corporation and Chittagong City Corporation other than areas mentioned in (i) and (ii) | 3,500 |
| iv) Other City Corporations than Dhaka North City Corporation, Dhaka South City Corporation and Chittagong City Corporation | 2,500 |
| v) in areas other than areas mentioned in the above (i), (ii), (iii) & (iv) | 1,200 |
Annexure 5: Collection of tax from motor vehicles plying commercially under section 53Q
| SI | Description of the vehicle | Rate (Tk) |
| 1 | Bus having seats exceeding 52 | 16,000 |
| 2 | Bus having seats not exceeding 52 | 11,500 |
| 3 | Air-conditioned bus | 37,500 |
| 4 | Double decker bus | 16,000 |
| 5 | Air-conditioned (AC) minibus/coaster | 16,000 |
| 6 | Non-AC minibus/coaster | 6,500 |
| 7 | Prime mover | 24,000 |
| 8 | Truck, lorry or tank lorry having payload capacity exceeding five tons | 16,000 |
| 9 | Truck, lorry or tank lorry having payload capacity exceeding one and half tons but not exceeding five tons | 9,500 |
| 10 | Truck, lorry or tank lorry having payload capacity not exceeding one and half tons | 4,000 |
| 11 | Pickup van, human hauler, maxi or auto rickshaw | 4,000 |
| 12 | Air-conditioned taxicab | 11,500 |
| 13 | Non-AC taxicab | 4,000 |
Annexure 6: Rate of deduction from income of non-residents under section 56
| SI | Description of services or payments | Rate |
| 1 | Advisory or consultancy service | 20% |
| 2 | Pre-shipment inspection service | 20% |
| 3 | Professional service, technical services, technical know-how or technical assistance | 20% |
| 4 | Architecture, interior design or landscape design, fashion design or process design | 20% |
| 5 | Certification, rating etc. | 20% |
| 6 | Charge or rent for satellite, airtime or frequency, rent for channel broadcast | 20% |
| 7 | Legal service | 20% |
| 8 | Management service including event management | 20% |
| 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 | 15% |
| 14 | Air transport or water transport | 7.5% |
| 15 | Contractor or sub-contractor of manufacturing, process or conversion, civil work, construction, engineering or works of similar nature | 7.5% |
| 16 | Supplier | 7.5% |
| 17 | Capital gain | 15% |
| 18 | Insurance premium | 10% |
| 19 | Rental of machinery, equipment etc. | 15% |
| 20 | Dividend- (a) company, fund and trust (b) any other person not being a company, fund and trust | 20% 30% |
| 21 | Artist, singer or player | 30% |
| 22 | Salary or remuneration | 30% |
| 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 | 5.25% |
| 26 | Any payments against any services not mentioned above | 20% |
| 27 | Bandwith payment | 10% |
| 28 | Any other payments | 20% |
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