Bank Deposit

General Banking → Accounts → Other Income Tax → Bank Deposit

SL	Title
1	Deduction of source tax at the applicable rate on interest/profit paid on deposits in accordance with the Income Tax Act, 2023 and timely deposit thereof into the Government Treasury. Ref: BRPD-1 Circular Letter No. 27 dated 10-Aug-2026.
2	Clarification on the definition of ‘Person’ given in Section 2(46) and deduction of tax at Source on the payment of interest or profit under section 53F of Income Tax Ordinance 1984. Ref: BRPD Circular Letter No. 45 dated 14-Nov-2022.
3	Regarding Deduction and Submission of Source Tax from Different Types of Deposit/ Savings Scheme. Ref: BRPD Circular Letter No. 01 dated 23-Jan-2020.
4	Deduction of Tax at Source on Interest Payable on Non-Resident Foreign Currency Deposit Account. Ref: FEPD Circular No. 27 dated 08-Jul-2019.
5	Source tax deductable on DPS. Ref: BRPD Circular Letter No. 04 dated 09-Feb-2003.

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