• Payroll Functions

Payroll Functions

We possess a team of experts dedicated for payroll processing who competently perform the functions of total compensation and associated tax calculation; disbursement to employees on a timely basis; deduction of tax at source and submission to government treasury; management of provident fund and gratuity fund; maintenance of separate payroll account for individual employees; and distribution of relevant reports and statements to organization and employees.

We handhold employees’ payroll functions of our valued clients. BCS uses most sophisticated payroll software PayPack and TaxTool for dealing with payroll functions. Our software has unique features of computing employees annual income, computation of income tax, processing tax payment documents, employees annual income tax return, statement of perquisites and compliance with Bangladesh Taxation laws.

BCS's payroll and benefit administration solutions provide a seamless integration of people, processes and technology, often with no capital investment. BCS handholds payroll functions of numerous multi-national companies, and providing following managed services:

  • Employee support
  • Employee database maintenance
  • Management support
  • Training and development
  • Carrier communication
  • Payroll processing
  • Payroll tax computation and deduction
  • Tax filing
  • Payroll accounting
  • Reporting (pay slip, salary sheet)
  • Hot line service to address employees queries instantly

Benefits of Outsourcing Payroll Service

  • Reduction of operating costs
  • Reprieve from repetitive, tedious administrative work
  • Timely and accurate payments
  • No risk of penalties or fines on accounting mistakes or delays
  • Complete compliance of regulations
  • No staffing requirements, no hiring, recruiting or training needed
  • More time to focus on core competencies
  • Present staff is free in taking more responsibilities
  • Payroll taken care by experts
  • Confidentiality of payroll data
  • Quick turnaround