Complying with local Bangladesh labor laws and regulations is vital to business success. NNRoad can assist by acting as your company’s HR department through our customized solutions for payroll needs in Bangladesh. NNRoad works with local, vetted experts to support our client’s companies and make sure they operate in compliance with Bangladesh labor laws and regulations, avoiding costly penalties.
- Registering the necessary employment and personnel information for payroll calculation to the custom payroll software.
- Calculation of gross salary, salary deductions (e.g. social insurances, unpaid leaves, provident fund deductions, withholding tax deductions etc.), and net salary based on information provided by the Company including irregular payments such as incentive/bonus, allowance, severance etc. if applicable.
- Calculation and submission of income tax statements of an employee and annualized for the current fiscal year, if required.
- Calculation and submission of the payments to the Government Treasury.
- New employee registration and Pro-rata calculation for people who join/resign.
- Providing a monthly payroll summary to the Company.
- Monthly generation of pay-slips and sending to employees on email.
- Preparation of annual payroll related reconciliation report.
- Preparation of annual individual income tax calculation and contribution.