Income Tax Act 2023
Section 88 - Deduction at source from money paid to Participatory Fund, Welfare Fund and Workers Welfare Foundation Fund
(as updated till Finance Act 2024)
1[ Notwithstanding anything contained in any law for the time being in force in Bangladesh, the person responsible for making payment to the Participatory Fund, Welfare Fund and Workers Welfare Foundation Fund under section 234 of the Labour Act, 2006, shall deduct tax at the rate of 10% (ten percent) at the time of payment or credit.]
1 Section 88 was substituted by section 36 of the Finance Act, 2024 (Act No. V of 2024) with effect from 1st July 2024.
Disclaimer: This is the authentic English text of the Income Tax Act 2023, as published under SRO No. 404-Law/2025 dated 08 October 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.