Dear All,
We want to start Gratuity scheme for our company. Please inform me, what is the Gratuity policy in Bangladesh as per Labor Law. Also what is the compensation benefit as per labor law.
Regards
Nipa
From Bangladesh, Dhaka
3We want to start Gratuity scheme for our company. Please inform me, what is the Gratuity policy in Bangladesh as per Labor Law. Also what is the compensation benefit as per labor law.
Regards
Nipa
From Bangladesh, Dhaka
Dear Ms. Nipa,
It is considered as long-term financial benefit for employee payable at the time of leaving the company upon completion of at least 5 years of service. But every company has its own policy.
Regards
Rabbany
From Bangladesh, Dhaka
It is considered as long-term financial benefit for employee payable at the time of leaving the company upon completion of at least 5 years of service. But every company has its own policy.
Regards
Rabbany
From Bangladesh, Dhaka
Dear Ms. Nipa,
After completion of 5 years continual of service. a person will be eligible for Gratuity. In some organization it is 3years as well. You can make it by your organization's intention. But, you can not make it more than 5 years.
Regards
Ashak
From Bangladesh, Chittagong
After completion of 5 years continual of service. a person will be eligible for Gratuity. In some organization it is 3years as well. You can make it by your organization's intention. But, you can not make it more than 5 years.
Regards
Ashak
From Bangladesh, Chittagong
Dear Ms. Nipa,
Gratuity is a long term financial benefit given by the employer to its employee during separation. As per Bangladesh Labor Law 2006 gratuity is not mandatory to employers. Gratuity policy is depends upon company's own resolution. It may be 3 years or 5 years or more.
By adopting gratuity scheme within the organization, the organization can claim tax rebate against the gratuity fund. For that the organization have to form gratuity fund trustee board same as provident fund scheme and should be endorsed by NBR.
Regards,
Saikat
From Bangladesh, Dhaka
Gratuity is a long term financial benefit given by the employer to its employee during separation. As per Bangladesh Labor Law 2006 gratuity is not mandatory to employers. Gratuity policy is depends upon company's own resolution. It may be 3 years or 5 years or more.
By adopting gratuity scheme within the organization, the organization can claim tax rebate against the gratuity fund. For that the organization have to form gratuity fund trustee board same as provident fund scheme and should be endorsed by NBR.
Regards,
Saikat
From Bangladesh, Dhaka
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FORM-F-NOMINATI ON OF GRATUITY.pdf
Gratuity Form I.doc