HR, Payroll, Attendance Software › Forums › Lenvica HRMS › Ask a Question › New Provident fund rule change in 2015 › Re: New Provident fund rule change in 2015

Justin
Member
March 27, 2015 at 11:55
Post count: 55
#20171

Hi Kurian,

The new provident fund rule change in 2015 has been successfully implemented in Lenvica HRMS.  PF reports will show the correct value as per rule summarized below. You should upgrade to version 3.8.20.

According to the new provident fund rule change in 2015, administrative charges of 0.85% of Basic Pay or Rs 500 whichever is higher goes to A/C NO 2 and 0.01% of Basic Pay or Rs 200 whichever is higher goes to A/C NO 22.

Regards,
Justin