Section 88 - Deductions from Payment to Workers Participation Fund
Notwithstanding anything contained in other provisions of this Act or in any other existing law relating to deduction of tax in respect of payments to the Workers’ Welfare Fund, when any payment is made out of the Workers’ Welfare Fund to any beneficiary thereof, the person liable for such payment shall deduct tax at the rate of 10% (ten percent).
Note: This is unofficial English translation. In the event of a conflict between the information on this website and the original Government publications or notifications of laws, rules, regulations, and SROs, the Government publications or notifications shall prevail. Moreover, as per Section 345(2) of the Income Tax Act 2023, if there is a conflict between the English and Bengali text, the Bengali text shall prevail.