The document discusses payroll outsourcing and the services provided by Talent Centric, an HR consulting company. It outlines Talent Centric's internal and external payroll services and the benefits of outsourcing payroll such as improved compliance, time savings, and lower long term costs. It also provides details about payroll functions including employee data, salary grades, leaves, increments, loans, taxes, allowances, benefits, and reports.

1. Presentation
On
Presented By:
Afroza Kanta
Habiba Rahman

2. Talent Centric is an HR
consultancy company that hosts
multiple solutions relating to
individual performance and
corporate structure. Our
definition is to customer
focused, includes the role of
catering to corporate clients and
individual professionals. Our
commitment is to deliver the
highest standards in each area of
business.

3. •Internal Payroll
services
•External Payroll
services

4. Of
Outsourcing Payroll
•Improved compliance and
accuracy
•Time savings
•Lower long term costs for some
businesses

5. Office Divisions
• IT
•Human Resource
•Marketing
•Finance
•Operation

6. Master Data
•Name
•Code
•Gender
•Salary Grade
•Provident Fund
•Gratuity
•Leave
•Loan & Advance

7. Salary Grade
•Ascending to Descending or
vice versa
•Salary items:
basic
leave
bonus
conveyance
house rent
medical

8. Maternal
Leave
Leave
Paternal
Leave

9. Increment
•Varies on Percentage (%)
•Varies on Responsibilities
•Varies on Performance
•Varies on Promotion

10. Loans
•Office Loans
•Bank Loans
•Percentage in bank and in
company
•Advance Payments
•Provident Fund Loans and its
interest and duration

11. Provident Fund
•Proportions of company and
personal salary
•Basic Salary: 5% to 10%

12. Gratuity
•Gratuity General policy
• Policy
•Calculation of Gratuity
(½ or 1)*Average month
salary*completed number of years

13. TAX
•Gender
250,000bdt
300,000bdt
•Freedom Fighter
4,25,000bdt
•Disabled
3,75,000bdt

14. Total Income Tax
Percentage
Amount of Tax
Up to 250,000bdt 0 0
Up to 400,000bdt 10% 40,000bdt
Up to 500,000bdt 15% 75,000bdt
Up to 600,000bdt 20% 120,000bdt
Up to 30,00,000bdt 25% 7,50,000bdt
Rest of 250,000bdt 30% 75,000bdt
50,00,000bdt 30% 10,60,000bdt
Income Tax for Male

15. Total Income Tax
Percentage
Amount of Tax
Up to 300,000bdt 0 0
Up to 400,000bdt 10% 40,000bdt
Up to 500,000bdt 15% 75,000bdt
Up to 600,000bdt 20% 120,000bdt
Up to 30,00,000bdt 25% 7,50,000bdt
Rest of 200,000bdt 30% 60,000bdt
50,00,000bdt 30% 10,45,000bdt
Income Tax for Female

16. Basic Salary Tax Full Amount Payable
Special Salary Whole Amount Payable for
Tax
Transportation allowance Not Payable up to
30,000BDT Annually
House Rent 50% of Basic
Salary/25000BDT
Medical Allowance 10% of Basic/Annually
120,000BDT
Overtime Whole Amount Payable for
Tax
Bonus Whole Amount Payable for
Tax
Leave Allowance Whole Amount Payable for
Tax
Flat/quarter 25% of Basic Salary
Schedule Showing Details of
Income

17. Insurance allowance Whole Amount Payable for
Tax
Insurance Allowance
Interest Rate
1/3rd of Basic Salary/14.5%
fixed by the Government
Transportation Facility 5% of Basic
Salary/60,000BDT Annually
(Greater)
Entertainment Allowance Whole Amount Payable for
Tax
Provident Fund Whole Amount Payable for
Tax
Dearness Allowance Tax Full Amount Payable
Servant Allowance Whole Amount Payable for
Tax
Honorarium Whole Amount Payable for
Tax
Continuation…….

18. Fringe Benefits
•Retirement Plan
•Education Assistance
•Mobile
•Laptop
•Company Stock

19. Reports
•Employees:
Attendance List
Total Salary View
Monthly Salary View
Income Tax List
Leave List
•Grade Salary
•Bank Advice Reports
•Current Month Reports
•Monthly Department Reports

20. Continuation
•All Employee Reports
•Shift Wise Salary Reports
•Single Employee Reports
•Company Pay Slip Reports
•Single Employee Pay Slip Reports
•Jobs Nature Reports
•Employee Summary Reports
•PF Enquiry
•Loan Enquiry
•Leave Encashment

21. •Google images
•http://www.citehr.com/3941
36
•Confused-gratuity-
calculation-formula-basic-
pay.html
•http://new-talent-
times.softwareadvice.com/w
here-should-payroll-live-
0613/