Provident Fund (PF)

Manage Employee Provident Fund contributions and compliance.

Overview

This module tracks both Employee and Employer contributions to the Provident Fund, ensuring accurate deductions during payroll processing.

Setting Up PF

1. Go to Payroll > Provident Fund.
2. Configure the global contribution rates (e.g., 12% of Basic Salary).
3. Add employees to the PF register using their unique PF Account Number.

Contribution Tracking

Contributions are automatically calculated during the monthly payroll generation:

• Employee Share: Deducted from Gross Salary.
• Employer Share: Contributed over and above the salary as a company expense.

Reports

Generate monthly PF reports for submission to government authorities directly from the Reports section.