Gratuity - Gratuity Policy

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

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

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

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

plx advie me aboout Gratuary & service benefi as per labor law

hi,
Can any one help me in creating a salary structure for Bangladesh.
Like Basic as per Law of Bangla (%), HRA% and any other allowance, like festival, specaial allowance. How much will be the Medical & LTA %.
PF & Gratuity .
Please mail me on [Login to view]