Exclusions from Total Income

❖ Any special allowance, benefits or perquisite specifically granted to meet expenses wholly
and necessarily incurred in the performance of the duties of an office or employment of
profit. [Para-5]

❖ Any pension due to, or received by an assessee[Para-8]

❖ Income from dividend amounting to Tk. 50,000 [Para-11A]

❖ Any income up to Tk. 2.5 crore of an assessee representing payment received as gratuity
[Para-20]

❖ Any payment from a Provident fund to which the Provident Funds Act, 1925 applies; [Para-
21]

❖ Any payment from a recognized Provident fund/approved superannuation fund subject to

any such conditions and limits as may be prescribed; [Para-21]

❖ Any payment upto Tk 50,000 from a workers participation fund established under
Bangladesh Labor Act, 2006

❖ Income from a mutual fund or a unit fund up to Tk. 25,000 [Para-22A]

❖ Any income derived from Zero Coupon Bond received by a person provided that the Zero-
Coupon Bond is issued by Bank, Insurance, or any Financial Institution with prior approval
of Bangladesh Bank and SEC [Para-40]

❖ Income of assessee donated in an income year to any fund established by or under the
provisions of Trust of Prime Minister’s Education Assistance Act 2012, subject to a
maximum of Tk. 1 crore or 20% of total income whichever is less [Para-47]

❖ Any income earned in abroad by an individual assessee being a Bangladeshi

citizen and brought any such income into Bangladesh as per existing laws applicable in
respect of foreign remittance. [Para-48]

❖ Income of an assessee donated in an income year by a crossed cheque or bank transfer to

any girls’ school or girls’ college approved by the Ministry of Education of the government.
[Para-49]
❖ Income of an assessee donated in an income year by a crossed cheque or bank transfer to
any technical and Vocational Training Institute approved by the Ministry of Education of
the government. [Para-50]

❖ Income of an assesse donated in an income year by a crossed cheque or bank transfer to any
national level institution engaged in the Research and Development (R&D) of agriculture,
science, technology and industrial development. [Para-51]

❖ Any income, not being interest or dividend classifiable under the head “Income from other
sources”, received by any educational institution, if it – [Para-52]

❖ (i) is enlisted for Monthly Pay Order (MPO) of the Government;

❖ (ii) follows the curriculum approved by the Government;

❖ (iii) is governed by a body formed as per Government rules or regulations.

❖ Any income, not being interest or dividend classifiable under the head “Income from other
sources”, received by any public university or any professional institute established under any
law and run by professional body of Chartered Accountants or Cost and Management
Accountants or Chartered Secretaries.] [Para-53]

❖ Income from transfer of stocks and shares of public limited company listed with any stock
exchange in Bangladesh, not being (a) a company or a firm or a sponsor shareholder or
director of a company;(b) a placement holder of a company or a mutual fund.