Labor Laws, Provident Fund and Tax VAT Management Services
PayrollBD offers a financial legal services wing that is made up of Certified Chartered Accountants of Bangladesh and an experienced team that handles audits. To some extent, Labor Law -2006, Labor Rules – 2015 and its amendments are not clear to many. To deal with modern Labor Laws Provident Fund and Tax Management activities, you need to have a clear knowledge of the Labor Laws, provident fund, and tax management in a company. We can help you gain this knowledge in the field.
Get Legal Labor Laws, Tax VAt Management & Provident Fund Services
We Ensure Industry-Leading Labor Laws, Provident Fund, and Tax Management Solutions
- – Develop general knowledge regarding all aspects of labor laws
- – Find meaningful solutions related to provident fund gratuity
- – Run the fiscal management in organizations in a far better way
- – Protect organizations from many future troubles
- -Deal with all sorts of Income-tax issues in a company
- – Further develop their career in taxation, finance, and management
Improve Your Business Structure With Our Secure Labor Law, Provident Fund, And Tax Services
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 square measure numerous Government and personal organizations that offer Licenses and Certificates to the business starters. However, there square measure procedures and a heap of general steps square measure concerned to urge Business License, Registration, Permission, Certificates & different connected documents.
How Our Labor Laws, Provident Fund and Tax VAT Management Services Work For You?
Every salaried worker United Nations agency works for a non-public or a government sector is entitled to receive gratuity. The leader will pay quantity gratuity as they require however there’s a minimum gratuity amount that they need to pay to the worker. Tax concession is offered on the gratuity if it’s in accordance with the gratuity formula and it’s assessable if it exceeds the formula. we have a tendency to conjointly offer practice within the following areas:
- Valuation informative Services.
- Financial Modeling Services.
- Strategic company and monetary coming up with informative Services.
- Foreign Investment informative and facilitation services.
- Advisory Services for company Compliance and reportage.
- Advisory services and support to Trusts, Foundations, NGOs, and different sorts 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 Labor Welfare Fund Rules and various other acts. Service Tax & more that fit the needs of companies of every size.
Why Choosing PayrollBD Would Be the Best Option For Your Business?
We have a lengthy history of delivering audit and assurance services to our clients (including Fund Audit). We have built a high reputation among our clients over the years by offering meticulous and effective audit services. Our staff stands out from the crowd in terms of auditing, documentation, reporting, objectivity, and many other areas.
Internal audit, external audit in collaboration with our audit partners, performance audit, fund audit, and other services are provided by our audit & assurance team. During the audit, our team double-checks that every number on the statement is correctly computed and transparent, if the Client so requests. Furthermore, our professionals assure compliance with existing internal control processes as well as Accounting Standards around the world by reviewing records and company practices.
Tell us about your project
Let us help you get going with your business online and provide absolute professionalism in labor, HR and payment managements.
We got more than 12 years of experience in HR & Admin roles in Bank, Insurance Company, Garments Sector & Group of Companies. Our company has a vast knowledge on conducting Labor Laws Provident Fund and Tax Management functionalities at a domestic, International & Multinational industries. Labor law is a complicated subject where the law changes frequently.
You can leave all your complexities to us. So, sit back and relax, and see us solve all your problems related to company labor laws, provident fund and taxation issues in your company.
FAQs About Labor Laws, Tax VAT & Provident Fund Management services
How many months does Provident Fund take to pay out?
PayrollBD It usually takes 14 to 21 working days to get your provident fund pay-out if your tax affairs are in order and you have supplied the relevant documents (such as a copy of your ID, a completed instruction form saying where the money should go, and evidence of banking details).
Can I check my provident fund balance?
Members of EPFO can check their balance by dialing 011-22901406 from their registered phone number. If the member’s UAN is seeded with one of the following: bank account number, Aadhaar, or PAN (Permanent Account Number), the member will receive information about the most recent contribution and PF balance.
How does provident fund payout work?
A member of a provident fund can get the entire benefit in one lump sum payment. Getting all of your benefits in one lump amount has both perks and cons. One negative is that a lump sum can be spent extremely fast. Then you’ll have nothing left to live on as a pension for the rest of your life.
Do you get all your provident fund when you resign?
You are authorized to withdraw from your employer-sponsored retirement fund if you resign or are laid off (that is a pension or provident fund). The sum in your retirement account is the “benefit” you can claim. You have no further claim on the fund once you’ve withdrawn.