You can define formula for employer and employee PF contributions. Explained below:
Defining Employer PF Contribution
1. Go to Salary > Provident Fund
2. Configure the formula for PF Wages.
Refer screenshot – Employer PF Contribution for details.
Defining Employee PF Contribution
1. Add salary head 'Provident Fund' to your salary group.
2. Configure formula for PF Contribution
E.g.: 12% of 6500 or Basic Pay whichever is lower = (Min({Basic Pay}, 6500))*12/100
Refer screenshot – Employee PF Contribution for details
Employee PF Configuration
1. Go to Salary > Employee Provident Fund to add required PF details.
Refer screenshot – Employee PF Configuration for details
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