2025-26
Income Tax Calculator BD
NBR 2025-26 slabs, exemptions, rebate, minimum tax & AIT.
Islamic Treasury Bonds · NBR Rebate · AY 2026-27
Sukuk Bond Yield & Tax Rebate Calculator
Estimate your semi-annual profit returns, NBR income tax rebate, effective net investment, and real yield for Bangladesh Government Sukuk bonds (BGIS).
📌What is Sukuk (BGIS) & Why is it unique in Bangladesh?
The Bangladesh Government Investment Sukuk (BGIS) is a relatively new, Shariah-compliant financial instrument introduced in late 2020 by the Bangladesh Bank. Unlike interest-bearing government savings certificates (Sanchayapatra / Shanchoy Patro), Sukuk represents fractional asset ownership (in tangible government assets like water supply or school infrastructure) and pays a halal profit rate based on rental yields or leasing revenue. Because it is backed directly by the Government of Bangladesh, it carries zero default risk and qualifies for the standard 10% income tax rebate under NBR guidelines (which you can estimate using our Income Tax Calculator).
Learn more about primary auctions, BO accounts, and secondary market trading in our dedicated Sukuk Buying & Tax Guide →
How to Use
- 1Enter your planned Sukuk investment amount.
- 2Specify the annual profit rate (e.g., 8.5% for recent BGIS issues).
- 3Enter your annual taxable income to determine your NBR rebate cap.
- 4Choose profit payout frequency: Semi-annually or Annually.
- 5Review the estimated periodic profit payments and total returns.
- 6Verify your effective yield after accounting for the tax rebate discount.
Sukuk vs Sanchayapatra
Shariah-Compliance:
Sukuk bonds pay profit based on underlying assets (halal). Sanchayapatra (Shanchoy Patro) pays interest (riba) which is not shariah-compliant.
Liquidity & Transfer:
Sukuk bonds are listed and tradable on the Dhaka Stock Exchange (DSE), offering secondary market exit. Sanchayapatra cannot be traded and must be encashed early with interest penalties.
Investment Caps:
Sanchayapatra has strict individual buying limits (e.g., ৳50 Lakh). Sukuk bonds generally have much higher limits, accommodating larger investments.
How Rebates Save Money
Investment Rebate: NBR allows you to reduce your income tax liability directly. By investing in Sukuk, you claim 10% of that investment back from your calculated income tax.
Net Investment: If you buy ৳1,00,000 in Sukuk, and save ৳10,000 on your tax bill, your actual out-of-pocket capital is ৳90,000. Your periodic profits are still calculated on the full ৳1,00,000, boosting your return rate.
How to Buy & Claim Sukuk Bonds in Bangladesh
Where and How to Buy:
- Primary Market: Participate in auctions announced by Bangladesh Bank through designated brokerages or commercial banks.
- Secondary Market: Buy listed Sukuk (BGIS) on the Dhaka Stock Exchange (DSE) or Chittagong Stock Exchange (CSE) using your Beneficiary Owner (BO) account.
- Minimum Limit: Units are issued in denominations of BDT 10,000.
How to Claim NBR Tax Rebate:
- Return Declaration: List the investment amount in the 'Schedule of Investment Tax Rebate' (Part IV) of NBR Form IT-11H2023 or on the e-filing portal.
- Supporting Documents: Attach bank debit certificates, allotment letters, or stock broker BO ledger statements showing the purchase before November 30.
For detailed instructions on auctions, BO accounts, and secondary market trading, read our full article: Sukuk Bond Tax Rebate & Buying Guide →
Yield and Rebate Formulas
Annual Profit = Investment Amount × Annual Profit Rate
Periodic Profit = Annual Profit / Payouts Per Year (e.g. 2 for semi-annual)
Total Profit = Annual Profit × Tenure (Years)
Tax Rebate = min(3% × Annual Taxable Income, 10% × Investment Amount, BDT 7,50,000)
Effective Net Investment = Investment Amount − Tax Rebate
Effective Annual Yield = (Annual Profit / Effective Net Investment) × 100
Total Financial Benefit = Total Profit + Tax Rebate
| Rebate Parameter | NBR Specification (AY 2026-27) | Description |
|---|---|---|
| Taxable Income Limit | 3% of Taxable Income | Calculated from your gross annual taxable income. |
| Eligible Investment Limit | 10% of Actual Investment | Applicable on Sukuk, DPS, Sanchayapatra, etc. |
| Maximum Limit Cap | BDT 7,50,000 | The absolute maximum tax rebate allowed per year. |
| Rebate Selection | Lowest of the above three | Enforced automatically to calculate final tax credit. |
References & Data Sources
- Bangladesh Bank (Central Bank) — Bangladesh Government Investment Sukuk (BGIS) issuance prospectuses and profit schedules.
- National Board of Revenue (NBR), Bangladesh — Income Tax Act 2023, Sixth Schedule, Part 3 (investment rebate rules).
- Bangladesh Securities and Exchange Commission (BSEC) — Rules governing listed Shariah-compliant debt securities and Sukuk.
Sukuk profit rates are variable and depend on the rental yield of the underlying government assets. Tax rebate rules are subject to update in the national budget. Verify current BGIS rates on the Bangladesh Bank Portal.
Tax Planning Tips for Sukuk Bonds
- 1Purchase government-issued Sukuk (BGIS) through your bank or a brokerage house using a BO (Beneficiary Owner) account.
- 2Submit your proof of Sukuk investment along with your tax return to claim the 10% rebate and reduce your final tax bill.
- 3Always keep bank certificates and allotment letters ready before the November tax filing deadline.
- 4If you invest in multiple instruments (DPS / FD, Sanchayapatra / Shanchoy Patro, and Sukuk), ensure your combined investment does not exceed your rebate eligibility cap.
- 5Check the profit payout frequency (usually semi-annual for BGIS) to align it with your cash flow needs.
- 6Unlike Sanchayapatra, Sukuk bonds are tradable on the stock exchange, providing secondary market liquidity.
Frequently Asked Questions
What is a Sukuk Bond in Bangladesh?
A Sukuk is an Islamic Shariah-compliant financial certificate that represents co-ownership in a tangible asset, project, or service. In Bangladesh, the government issues the Bangladesh Government Investment Sukuk (BGIS) as a halal alternative to traditional treasury bills and bonds, paying a profit rate (yield) rather than interest.
Are investments in Sukuk bonds eligible for an income tax rebate in Bangladesh?
Yes. Under NBR rules, investments in government-issued Sukuk bonds and BSEC-approved listed Shariah-compliant securities qualify for an investment tax rebate. This rebate reduces your net tax payable at the end of the fiscal year.
How is the Sukuk tax rebate calculated?
The rebate is calculated using NBR's standard three-way minimum rule: the rebate is the lowest of (1) 3% of your total taxable income, (2) 10% of your actual investment in Sukuk (or other eligible instruments), or (3) a maximum cap of BDT 7,50,000.
How does the tax rebate increase the effective yield of Sukuk?
Because you receive a tax rebate (a direct tax reduction), your effective net investment is reduced. For example, if you invest BDT 1,00,000 and get a BDT 10,00,00 (10%) tax rebate, your net investment is BDT 90,000. If the bond pays BDT 8,500 annually (8.5%), your effective yield on your net capital is 9.44% ($8,500 / ৳90,000$).
What is the minimum investment and tenure for Government Sukuk in Bangladesh?
The minimum investment in Government Sukuk (BGIS) is BDT 10,000, and investments must be made in multiples of BDT 10,000. The standard tenure is typically 5 years, with profit payouts distributed semi-annually.
Is Sukuk profit subject to Tax Deducted at Source (TDS)?
Yes, profit distributions from Sukuk bonds are subject to a withholding tax (typically 5% or 10% TDS) at the time of payout, depending on your tax status and whether you have submitted a valid TIN. However, capital gains on listed bonds are generally tax-free.
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