HR, Payroll, Attendance Software › Forums › Lenvica HRMS › Ask a Question › PF Calculation (Employer and Employee contributions)

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    • bobby
      Member
      May 30, 2013 at 13:27
      Post count: 57
      #19206

      How can I manage PF (Provident Fund) calculations with Lenvica HRMS payroll?

    • Rijo Pappachan
      Member
      May 30, 2013 at 13:46
      Post count: 92
      #20016

      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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    • bobby
      Member
      July 31, 2013 at 04:12
      Post count: 57
      #20017

      Hi Rijo,

      I've configured all as you explained and its working fine. But I couldn't find the PF Online submission report in the software. Is it possible to generate PF Online submission document with Lenvica HRMS payroll module?

      Bobby

    • Rijo Pappachan
      Member
      July 31, 2013 at 04:29
      Post count: 92
      #20018

      Hello Bobby,

      Yes, Lenvica HRMS is capable to generate PF Online submission document. You can find it in Salary module’s report segment.

      Salary > Salary Reports > PF Online submission document.

      You may need to install the latest update, if it’s not showing in report segment. You can download the latest update from the link given below,
      http://updates.lenvica.in/AttendHRM_Update_3.4.16.exe

      A sample PF Online submission document generated from Lenvica HRMS is attached.

      Hope this will help!

      Rijo

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    • bobby
      Member
      April 30, 2014 at 13:08
      Post count: 57
      #20019

      Hi,

      Is there any setting to set the Employee Provident Fund age limit?

      Bobby

    • Rijo Pappachan
      Member
      April 30, 2014 at 13:16
      Post count: 92
      #20020

      Hi Booby,

      You can set the age limit for PF in salary settings.

      See the screenshot attached.

      Regards,
      Rijo

      Attachments:

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