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We have created a page labelled as Covid-19 PF Relief that helps you to configure the employee and employer PF contribution for Covid-19 PF relief component. 

Navigating to Covid-19 PF Relief page

You can navigate to Covid-19 PF Relief page through the following methods: 

  • Log into greytHR. You can see a banner on your right-hand side. Click Configure Now to navigate to Covid-19 PF Relief page.  
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  • Navigate to Payroll > Main Payroll Inputs > OverviewSalary. You  You can see an information box with a link to click Configure Now. Click Configure Now and you will be navigated to Covid-19 PF Relief page.   


  • Navigate to Payroll > Process > Payroll Inputs > SalaryProcess. You can see an information box with a link to click Configure Now. Click Configure Now and you will be navigated to Covid-19 PF Relief page. 
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Covid-19 PF Relief Configuration

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  1.  Select  percentage from the drop-down list.

    Note

    You must select 10% here if you would like to provide the PF financial relief to your employee.


  2.  Select percentage from the drop-down list.    
  3. Select Yes or No for Is Employer PF part of CTC and would like to pay back the excess PF amount to employees option button. If you choose Yes, you are agreeing to pay back the extra 2% amount to your employees. 

    Note

    If you have selected Employer PF Contribution as 12%, then this option will be disabled for you and you cannot take any action.


  4. Select from the drop-down list. The selected component will be used for mapping the full monthly PF component which is part of CTC.

    Note

    If you have selected Employer PF Contribution as 12%, then this option will be disabled for you and you cannot take any action.

    If you have selected No for Is Employer PF part of CTC and would like to pay back the excess PF amount to employees, then this option will be disabled for you and you cannot take any action.


  5. Enter the new component name in text box. A new component will be created under your Gross and your employees will receive the excess PF amount under this component name. The default component name will be Covid-19 PF Relief.   

    Note

    If you have selected Employer PF Contribution as 12%, then this option will be disabled for you and you cannot take any action.

    If you have selected No for Is Employer PF part of CTC and would like to pay back the excess PF amount to employees, then this option will be disabled for you and you cannot take any action.


  6. Select the disclaimer check box. You cannot proceed without selecting the disclaimer check box.

  7. Click  to configure your Covid-19 PF relief component. Clicking on Save will take you to PF contribution percentage details where you You can see a success message if your Covid-configurations are saved. 


Related Videos

To learn more about the process, watch the video.

Multimedia
nameCovid 19 PF Relief

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