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School Banking Accounts Sohel Hossain Patwary 12th January, 2021 10:08:39 Bangladesh Bank (BB) has recommended lowering the tax at source on the interest income of school banking accounts. Considering the higher tax at source applicable to school banking accounts, Bangladesh Bank has requested the National Board of Revenue (NBR) to lower the source tax to 10 per cent from the existing 15 per cent. The central bank has made the recommendation on condition of submitting e-TIN of the parents in favour of school banking accounts. If any account holder does not have e-TIN, they will have to pay the existing 15 per cent source tax on the income from the deposits.

School bankingCentral bankNational board of revenueBangladesh bankNational boardBb asks nbr to adjust tax at sourceBb asksNbr toAdjust taxSat sourceபள்ளி வங்கிமைய வங்கிதேசிய பலகை ஆஃப் வருவாய்பங்களாதேஷ் வங்கிதேசிய பலகைண்ப்ர் க்கு