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Chapter VII
PAYMENT OF TAX BEFORE ASSESSMENT
1[52DD. (1)Notwithstanding anything contained in any other provision of this Ordinance or any other law being in force in respect of exemption from tax on payments from workers’ participation fund, any person responsible for making any payment from such fund to a beneficiary shall, at the time of payment, deduct tax at the rate of 5% (five percent) on whole payment.
(2) No tax under sub-section (1) shall be deducted from the payment of worker’s participation fund where the following conditions are met-
(i )the beneficiary does not have taxable income; and
(ii) amount of fund does not exceed Taka 25,000.
