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Prime Bank becomes first bank to make payroll tax using eTDS

  • Staff Correspondent
  • 16 November, 2021 12:00 AM
  • Print news
Prime Bank becomes first bank to make payroll tax using eTDS

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Prime Bank will use the electronic Tax Deduction at Source (eTDS) system arranged by the National Board of Revenue (NBR).

The system allows users to get the TDS certificate, monthly report, and the withholding tax return immediately along with aChallan, said a press release.

By integrating data sharing with the eReturn system, users will be able to get all types of tax deduction information such as salary payments and many more.

Mohammad Jahid Hasan, Commissioner of Taxes, Md Nururzzaman Khan, Additional Commissioner of Taxes, Ariful Hoque, Deputy Commissioner of Tax and Kazi Mohammad Ziaul Haque, Senior System Analyst from NBR along with Shams Abdullah Muhaimin, DMD, Transaction Banking, Mohammad NurNobi, EVP, FAD, Mohammad Farhan Adel, SVP, Transaction Banking from Prime Bank, were present in the event.