Labor Laws, Provident Fund and Tax Management
To some extent, Labor Law -2006 and its amendments are not clear and details. To have some more clear concepts and specific information, we should be aware of Labor Rules – 2015. To have any success as HR, Compliance & Administrative Professionals, we need to have some clear knowledge on Labor Law. Labor Rules will help to gain the complete knowledge of Labor Laws.
The corporate laws, rules, regulations culture, ethics, norms, and values are the fundamental of any corporate body or institution. These are followed and complied with in almost each and every matter. Moreover, our corporate sector is largely engaging with the business transaction with the other countries of the world. In this regard, the transaction largely demands and requires good knowledge of corporate laws and practices.
We help to :
– develop general knowledge regarding all aspects of Income tax;
– Find meaning solutions related with provident fund gratuity ;
– Run the fiscal management in their organizations in far better way;
– Protect their organizations from many future troubles;
– Further develop their career in taxation, finance and management.
We put great effort to achieve Business License, Registration, Permission, Certificate and various documents are always required to do any business including Export-Import in Bangladesh. There are various Government and private organizations that provide Licenses and Certificates to the business starters. But there are procedures and lot of systemic steps are involved to get Business License, Registration, Permission, Certificates & other related documents.
Every salaried employee who works for a private or a government sector is entitled to receive gratuity. The employer can pay as much gratuity as they want but there is a minimum gratuity amount that they must pay to the employee. Tax concession is available on the gratuity if it’s in accordance with the gratuity formula and it is taxable if it exceeds the formula. We also provide consultancy in the following areas:
- Valuation Advisory Services.
- Financial Modeling Services.
- Strategic Corporate and Financial Planning Advisory Services.
- Foreign Investment advisory and facilitation services.
- Advisory Services for Corporate Compliance and Reporting.
- Advisory services and support to Trusts, Foundations, NGOs and other forms of “Not for Profit Organizations”.
At PayrollBD, we have designed different ways to simplify the statutory and HR services i.e. Payroll Processing, Employees Provident Fund & Miscellaneous Provision Acts, Employee State Insurance Corporation (E.S.I.C), Factories Act, 2015, Payment of wages under Minimum Wages Act, Bonus Act and Bangladeshi Labour Welfare Fund Rules and various other acts. Service Tax & more that fit the needs of companies of every size.
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Let us help you get your business online and grow it with passion
We offer a tailor made and reliable payroll accounting service of your employees and help you to save time and money, which you can invest in the respective core business of your enterprise.
More than 12 years of experience in HR & Admin in Bank, Insurance Company, Garments Sector & Group of Companies. He has a vast knowledge of conducting domestic inquiry in Local, International & Multinational Company. Labour law is a complicated subject where the law changes frequently. This leads to quite a few labour disputes. Our specialized knowledge garnered over the years qualifies us to help you to prevent labour disputes through careful and competent analysis of the concrete situation and if disputes do arise we know how to handle and settle them through conciliation and mediation procedures. This helps to avoid endless and expensive lawsuits.