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Bangladesh

Basic Economic Summary

Basic Information

  • Local Languages: Bengali, Tibeto-Burman, English
  • Major Economic Hubs: Dhaka, Chittagong, Rajshahi, Khulna
  • Capital: Dhaka
  • Currency: Bangladeshi taka
  • Population: 163 million
  • Date Format: dd/mm/yyyy

Useful Information

  • GDP Per Capita (in USD): 1,855.74 
  • Exchange Rate (BDT/USD): 0.012
  • Number of University Graduates (2019): 2,013,074

Local Universities

Renowned Local Universities:

University Rankings
Bangladesh University of Engineering and Technology Ranking in Bangladesh: 2, World Ranking: 1708
University of Dhaka Ranking in Bangladesh: 1, World Ranking: 1640
BRAC University Ranking in Bangladesh: 6, World Ranking: 2672
Daffodil International University Ranking in Bangladesh: 11, World Ranking: 3207
North South University Ranking in Bangladesh: 8, World Ranking: 2781

Salary Data

The table below shows the average salaries of some jobs in Bangladesh. Please refer to GlassDoor for more information.

Job Title Average Salary (BDT) Average Salary (USD)
Accounting Manager 73,500 882
Software Engineer 40,000 480
Software Developer 32,500 390
Data Scientist 70,000 840
UI Designer 35,000 420
Product Manager 50,000 600
Sales Manager 77,500 930

Talent Sourcing Tips

Number of LinkedIn Users (2019): 3,343,000

Top Local Job Portals: Bdjobs.com , BDJobsToday.com , JOB.COM.BD

Top Recruitment Agencies: Amco Enterprise Limited, Job Placement BD Ltd., Catharsis International

Taxes

Employer Payroll Tax

There are no payroll taxes in Bangladesh. However, there are plans to introduce mandatory pension funds by 2021.

Employee Monthly Income Tax

Income tax is levied annually as follows:

Rate Annual Income Level in BDT
0.00% Up to Tk. 300,000
5.00% Next Tk. 100,000
10.00% Next Tk. 300,000
15.00% Next Tk. 400,000
20.00% Next Tk. 500,000
25.00% On balance

The employee income tax rates can be found here.

Non-residents have to pay the rate of income tax of 30% on total income.

Minimum Wage & Payroll

Minimum Wage

The legal minimum wage is BDT 8,000 per month

Payroll Cycle

The employee must be paid wages within 7 days after the last day of the wage period.

Bonus

13th month salary

The employee must be paid wages within 7 days after the last day of the wage period.

Working Hours & Statutory Leave

Working hours

The average working hour is 56 hours per week. The statutory maximum working hours is 60 hours per week (including overtime).

Overtime pay

The average working hour is 56 hours per week. The statutory maximum working hours is 60 hours per week (including overtime).

Public Holidays

Number of public holidays is 22 days. The list of holidays can be found here.

Annual Paid Leave

All workers except tea plantation workers are entitled to 10 days of paid casual leave in each calendar year

An adult worker is entitled to: for shop, commercial or industrial establishment, factory, or road transport service industry workers - one day’s paid annual leave per 18 days of work

Sick Leave

Every worker except a newspaper worker is entitled to sick leave with full wages for 14 days in a calendar year

Parental Leave

Leave Type Duration
Maternal Leave 4 months
Prenatal Leave 8 weeks
Postnatal Leave 8 weeks

Paternity Leave is not compulsory.

Offboarding & Termination

Termination Process

Every worker except a newspaper worker is entitled to sick leave with full wages for 14 days in a calendar year

Notice Period

Terminated by Employer:

Reason Criteria Notice Period
Redundancy Worked for at least 1 year in the company 30 days
Without reason Permanent worker 120 days
Without reason Other worker 60 days

Terminated by Employee:

Type of Employee Notice Period
Permanent Employee 60 days
Temporary Employee 30 days
Monthly Rated Employee (Paid everyday of the month) 14 days

Severance Pay

Terminated by Employer:

Reason Severance Pay
Redundancy 30 days of wage x No. of years worked
Without reason (30 days of wage x No. of years worked) or gratuity, whichever is higher

Employees can resign without notice but they would have to pay an amount equal to the wages for the notice period.

Probation Period

Nature of Job Probation Period
Clerical Function 6 months
Others 3 months
Skilled Can add an additional 3 months (if unable to to determine quality of work within 3 months)

VAT

15%

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