Bangladesh

Last Update by Julie, 23 Dec 2024

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Exchange Rate

22 Jan 2025

 

Cost of Living

Indicative value for a working adult in a city: Dhaka

Publicly available data (Numbeo, etc..), verified by Marco’s in-country staff

Living Requirement Indicative Amount (BDT)
McDonalds Set Meal 600
Monthly Train and Bus Tickets 2,434
3 Bedrooms Rental (City Center) 37,710
3 Bedrooms Rental (Outskirt) 20,235

Current Inflation Rate

1.11%

Wage

Minimum Wages

  • BDT12,500 per month

Median Salary

Estimated based on general positions such as HR, Accounting, Admin roles, in tier one cities.

Job Level Monthly Salary (BDT)
Entry-Level
Fresh Graduate
 13,500
Mid-Level
5 Years
 23,500
Experienced & Managerial Level
10 Years
 33,500
Specialized & Senior-Level
15 Years
 Over 41,000

Annual Salary Growth

3%

Statutory Contribution

Country Level

Type Employer Rates Employee Rates Notes
Workers' Profit Participation Fund (WPPF) 5% - Companies with capital of BDT10 million or with assets of BDT20 million
Employer's liability insurance (EIS) 0.019% per year
Calculation based on percentage of export volume in millions 		- All companies or retailers with an RMG export volume
Festival Bonus 2 months basic salary - All staff, who have worked at the company for at least one year

Income Tax

Residents

  • Tax Year: 1 Jul - 30 Jun
    Tax filing Due Date: 30 Apr of the year following year
  • Tax-free thresholds:
    General taxpayers: BDT350,000
    Women, senior citizens aged 65 or over: BDT400,000
    Physically challenged persons: BDT475,000
    War-wounded gazette freedom fighters: BDT500,000
    Third-gender taxpayers: BDT475,000
    Parent of physically challenged person additional: BDT50,000

Country Level

Taxable Income Rate
Up to 350,000 -
350,000 - 450,000 5%
450,000 - 850.000 10%
850,000 - 1,350,000 15%
1,350,000 - 1,850,000 20%
1,850,000 - 3,850,000 25%
Over 3,850,000 30%

Non-residents

  • Flat rate of 30% on all income

Working Hours

Statutory

48 hours
8 hours a day, 6 days a week
Sunday - Thursday

Overtime

  • Daily Work Hours (Section 100):
    Maximum of 8 hours per day, up to 2 additional hours can be worked as overtime.
  • Weekly Work Hours (Section 102):
    Maximum of 48 hours per week, up to 12 additional hours can be worked as overtime.
    Average of 56 hours per week allowed over the year.
  • Mandatory Rules:
    These limits are statutory rights.
    Employees cannot opt out of these restrictions.
  • Workers entitled to overtime pay under Section 108 (employees that entitled to OT):
    Overtime pay is twice the ordinary rate of:
    - Basic wage
    - Dearness allowance
    - Any ad-hoc or interim wage
  • If there are no specific agreements, the general rate for calculating overtime per hour is based on the worker's wage type:
    - For daily wage workers: 1/8 of daily wage
    ​- For weekly wage workers: 1/48 of the weekly wage
    - For monthly wage workers: 1/208 of the monthly wage

Employment Contract

Permanent

Contract Format

Written in Bengali or English.

Payroll Currency

BDT

Probation

Clerical staff: 6 months
All other staff: 3 months

Contract Period

No minimum duration

Termination

  Voluntary Resignation Involuntary Termination Economic Layoff
Notice Period - Probation 7 days Monthly paid staff: 120 days or payment in lieu of notice All other staff: 60 days' notice or payment in lieu of notice Monthly paid staff: 120 days or payment in lieu of notice All other staff: 60 days' notice or payment in lieu of notice
Notice Period - Regular 60 days' notice Monthly paid staff: 120 days or payment in lieu of notice All other staff: 60 days' notice or payment in lieu of notice Monthly paid staff: 120 days or payment in lieu of notice All other staff: 60 days' notice or payment in lieu of notice
Severance Pay Not Applicable All staff with 1 year service are eligible other than dismissal for gross misconduct 30 days' salary for each year of service All staff with 1 year service are eligible other than dismissal for gross misconduct 30 days' salary for each year of service

Public Holiday

21 days
Public holidays that fall on a weekend are lost

Leave

Leave Type Entitlement Notes
Annual Leave 10-15 working days All staff with 1 year service
Sick Leave 14 days per year calendar year All staff other than newspaper workers
Maternity Leave 16 weeks
8 weeks before brith, 8 after 		All expectant mothers with 6 months' service
Casual Leave 10 days All staff other than those intea plantations

Reference

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