Savings Certificates (Sanchayapatra) Profit: TDS Deduction & Return Adjustment
Profit from national savings certificates is subject to 5% or 10% TDS at source. How to adjust deducted tax against final tax liability and declare certificates under assets.
- Investment up to ৳5 Lakhs incurs 5% TDS; investment exceeding ৳5 Lakhs incurs 10% TDS on profit.
- TDS deducted at source by Bangladesh Bank or post office is adjustable against your final tax bill.
- Full principal value must be disclosed in the IT-10B Statement of Assets.
- Pensioner savings certificates enjoy specific exemption ceilings.
1. TDS Rates on Profit
For cumulative investments up to ৳5,00,000, TDS is 5%. For total holdings above ৳5,00,000, 10% TDS is deducted when profit is disbursed.
2. Adjusting TDS on Return
Include gross profit under 'Financial Assets Income' and enter the full TDS amount under 'Tax Deducted at Source' to subtract it directly from your final payable tax.
Frequently Asked Questions (FAQ)
Q: Can excess TDS on savings certificates be refunded?
A: Yes. If your total assessed tax is zero or less than the deducted TDS, the excess is marked as refundable.
Conclusion & Tax Tips
Keep your bank profit certificates safe and claim your legitimate TDS credit on your annual tax return.
All data, tax brackets, thresholds, and statutory interpretations in this article are compiled directly from the Bangladesh Income Tax Act 2023, Finance Ordinance 2026, and official NBR circulars.
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