Part-3 of 6th Schedule [Investments and Expenses applicable for general tax rebate to Resident and Non-Resident Bangladeshi

Natural Person] [Investment Tax Credit]

Key Words: Contribution, Premium, Investment, Donation, LIP, Annuity, GPF, RPF, ASF, Savings Certificate, Government Securities, Unit Fund, DPS, MSS, Listed Share, Pension
Scheme, Charitable Organization
Sl. Para Title Short Title Limit Condition/Key Word
Max. 10% of sum assured (except bonus or
1 1 Life Insurance Premium or deferred annuity LIP Paid in BD; Paid For own self, spouse, minor child
other benefits) or actual annuity
Life Insurance Premium paid by a Hindu Undivided
2 2 LIP by HUF Paid for male member and wife of that male, in BD
Family
Deduction from the salary of Government Employee
3 3 GDA Max. 1/5th of salary Eligible for Govt. employee and his wife and children
for Deferred Annuity
Only employee's contribution is eligible for
4 4 Contribution to Provident Fund (PF Act 1925) GPF PF Act, 1925 is applicable
rebate
Employer’s and Employee’s contribution to a Both of employee and employer's
5 5 RPF
Recognized Provident Fund contribution to RPF is eligible for rebate
Only employee's contribution is eligible for
6 6 Contribution to Approved Superannuation Fund ASF
rebate
7 7 Investment in Savings Certificate etc. SC Company Assessee is not eligible
7 a Government Securities GS Max. 5 Lac Govt. Security
Unit certificates and mutual fund, ETF or mutual Issued by ICB, Finance Company, Assets
7 b UF, MF, ETF Max. 5 Lac
scheme certificate Management or Fund Manager
Deposit Pension Scheme or Monthly Savings
7 c DPS/MSS Max. 1.20 Lac Sponsored by Scheduled Bank or Finance Company
Scheme
7 d Contribution to Public Pension Scheme PPS No Limit
8 8 Investment in Listed Securities Listed Securities No Limit Listed with any S/E enlisted under BSEC
NBR Approved; Charitable; Established Outside City
9 9 Donation to a Charitable Hospital Hospital No Limit Corporation; Donation made after 01 year of
establishment
Organization for
Donation to organizations set up for the welfare of Approved by Social Welfare Department and NBR.
10 10 welfare of No Limit
disabled people Donation made after 01 year of establishment
Disabled People
11 11 Donation to Govt. Zakat Fund or Charitable Fund Zakat Fund No Limit Zakat Fund Management Act, 2023 applicable
Contribution to Benevolent/sympathetic Fund or Group Insurance NBR approved. Premium or amount paid for benefit
12 12 No Limit
Group Insurance Scheme Benevolent Fund for wife, children or dependents.
Contribution to philanthropic (charitable) or Educational
13 13 No Limit Govt. approved.
educational institution Institute
Donation to national level institution set up in Memory of Memory of liberation war.
14 14 No Limit
memory of the liberation war Liberation War National Level Institution.
Donation to national level institution set up in Memory of Father Memory of Father of the nation.
15 15 No Limit
memory of Father of the Nation of Nation National Level Institution.
 6th Schedule - Tax Exemptions, Concessions and Credits
Part-1 Excluded From Computation of Gross Income
Sl. Para Income to be excluded from Computation of Gross Income Limit Head of Income Applicable to
Intergovernmental or
Income of any intergovernmental organization or any international organization or any of its' employee,
1 1 International Organization &
under any Act made by the Parliament or any agreement signed by the Government.
its' employee
2 2 Any income of Ambassador, High Commissioner, Trade Commissioner, etc. Employment Natural Person
3 3 Grant and any tax, fee and duties received by Government or Local Authority Other Income Government, Local Authority
4 4 Received or due amount from the Government Pension Fund Employment Natural Person
5 5 Gratuity received from Government Gratuity Fund up to Tk 25,000,000 2.50 Crore Employment Natural Person
Any Recognized Provident Fund, Approved Superannuation Fund, Pension Fund and Approved Gratuity
6 6 Fund
Fund
6 a a. Any contribution received from employer or employee;
6 b b. The income distribution among the beneficiaries thereof for which the fund is chargeable to tax. Natural Person
Provided that gratuity received by the assessee from any approved gratuity fund does not exceed
6 Proviso 2.50 Crore Employment Natural Person
25,000,000.
7 7 Any income accruing to or derived by a Provided Fund to which the Provident Fund Act, 1925 applies. Fund
Any amount received under any scheme approved by the Government for the purpose on voluntary
8 8 retirement by any employee of a Government body, local authority, or autonomous body or semi- Employment Natural Person
autonomous body and their controlled units or institutions
Any amount received as interest from Pensioners Savings Certificate where invested amount does not Max. Invest Tk. 5
9 9 Financial Assets Natural Person
exceed Tk 500,000 Lac
10 10 Any income earned by following entities recognized by BSEC. Fund
10 a Mutual Fund (MF)
10 b Alternative Investment Fund (AIF)
10 c Real Estate Investment Trust (REIT)
10 d Exchange Traded Fund (ETF)
11 11 Income from House Property of charitable or religious trust, not registered with NGO Affairs Bureau Rental Trust
If not used wholly for charitable purpose, term of set aside of accumulated income shall not exceed 10
Proviso
(ten) years
Subscription received by institution approved by Commissioner or NGO affairs Bureau and used only for Religious or Charitable
12 12
religious or charitable purpose Institution
 6th Schedule - Tax Exemptions, Concessions and Credits
Part-1 Excluded From Computation of Gross Income
Sl. Para Income to be excluded from Computation of Gross Income Limit Head of Income Applicable to
Any service charge arising out of the microcredit activities of any private organization registered with the
13 13 NGO Affairs Bureau or Microcredit Regulatory Authority, if the service charge revolved only as Business Income NGO
microcredit.
14 14 Reimbursement of expense of an employee by employer if – Employment Natural Person
The said expenses are fully and necessarily incurred in accordance with the performance of the duties of
14 a
the employee; and
14 b It was most convenient for the employer to incur such expense through said employee.
The portion of income received by the beneficiary of a trust or a fund on which tax has been paid by the Income from Trust
15 15 Natural Person
Trust or the Fund. or Fund
16 16 The amount received by an assessee as a member of HUF on which tax is paid by that family. Income from HUF Natural Person
Any income earned abroad by a Bangladeshi individual person which he brings into Bangladesh in
17 17 Foreign Income Bangladeshi Natural Person
accordance with existing laws relating to foreign remittance.
Any income received from wage earner development fund, US Dollar premium bond, US dollar
18 18 investment bond, Euro premium bond, Euro investment bond, pound starling investment bond or pound Financial Assets Natural Person
starling premium bond.
Any income received from economic activities undertaken by indigenous Hillman in the hill districts of
19 19 Natural Person
Rangamati, Bandarban and Khagrachari.
Income of any individual not exceeding Tk 200,000 within the scope of ‘Income from Agriculture’, if such Agricultural
20 20 Natural Person
person – Income
20 a Is a farmer by profession;
20 b Does not have any income other than following income in the relevant income year, namely –
20 i Income arising from land cultivation;
20 ii Income from interest or profit not more than Tk 20,000.
Income derived from the business of software development and specific Information Technology Enabled
21 21 Business Income Resident & NRB
Services (ITES) for the period from July 01, 2024 to June 30, 2027, to any resident and NRB
22 22 Any income derived from the export of handicrafts for the period from July 01, 2020 to June 30, 2024. Business Income Any Tax Payer
Any amount paid by the government as tax on behalf of a petroleum exploration company engaged in
23 23 exploration of petroleum products in Bangladesh under Production Sharing Contract (PSC) with the Business Income Company Taxpayer
Government of Bangladesh.
Income derived from any Small and Medium Enterprise (SME) engaged in production of any goods and
24 24 having an annual turnover of not more than Tk.50,00,000/, in case of woman entrepreneur, the ceiling is Business Income
however Tk. 70,00,000.
 6th Schedule - Tax Exemptions, Concessions and Credits
Part-1 Excluded From Computation of Gross Income
Sl. Para Income to be excluded from Computation of Gross Income Limit Head of Income Applicable to
Any income derived from Zero Coupon Bond received by a person other than Bank, Insurance or any person other than Bank,
25 25 Financial Assets
Finance Company, subject to the following conditions Insurance or Finance Co.
that the Zero-Coupon Bond is issued by Bank, Insurance or any Finance Company with prior approval of
25 a
Bangladesh Bank and Securities and Exchange Commission.
that the Zero-Coupon Bond is issued by any institution other than Bank, Insurance or any Finance
25 b
Company with prior approval of Securities and Exchange Commission.
Any sum received by an educational institution which is not considered as ‘income form financial
26 26 Educational Institution
asset’ and if the educational institution comply with following conditions –
26 a Within the Government MPO
26 b Follows the curriculum approved by the Government
26 c The governing body is constituted as per rules of the Government
One third of income classified under the head ‘income from employment’ or Tk 450,000 whichever is 1/3rd or 4.50 lac, All kind of Employee
27 27 Employment
lower. which is less (Resident & Non-Resident)
28 28 Any income (except interest and dividend) received by any public university Any Income Public University
Any honorarium or allowance from Bangladesh Freedom Fighters Welfare Trust or any welfare allowance
29 29 Other Income Natural Person
received by any persons from the Govt.
30 30 Any reward received by any person from the Govt. Other Income Natural Person
31 31 Income derived from the operation of an elderly care home or a day care home for children
Any distribution of taxed dividend to any company if the company distributing such taxed dividend has
32 32 Financial Assets Company Taxpayer
maintained separate account for the taxed dividend.
Business income earned by an ocean going ship being Bangladeshi flag carrier within 30 June 2030
33 33 Business Income BD Ships
bring similar income following the provision relating to foreign remittance.
34 34 Pension received from Public Pension Scheme (SRO No. 295-Law/IT-17-2023, 31.10.2023) Other Income Natural Person
Gift received from spouse, parents and children, if shown in income tax return of doner and donee.
35 35 Condition of showing in return is not applicable, where the gift is transferred from abroad to the donee
through bank channel
Capital Gain from Listed Securities up to Tk. 50 Lac to any Individual (not applicable to sponsor, director,
36 36 50 Lac Capital Gain Natural Person
placement holder)