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Covid-19 pandemic pushed the economy into a major financial crisis. The Central Government has come up with several relaxation measures to ensure cash liquidity with the employers and employees.
The Ministry of Labour and Employment published a notification dated 18th May 2020 to provide relief for PF contribution for both employees and employers.

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: 

  1. Log into your Feeds page. You can see a banner on your right-hand side. Click Configure Now to navigate to Covid-19 PF Relief page.  
    Final screen to be added (Banner)
  2. Navigate to Payroll > Main > Overview. 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.
    Final screen to be added
  3. Navigate to Payroll > Payroll Inputs > Salary. 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.  
    Final screen to be added

Covid-19 PF Relief Configuration

You can configure employee and employer PF contribution for Covid-19 PF relief component here. Based on the selection of PF contribution and various other factors, there are different scenarios and are explained below. 

Employee and Employer PF Contribution is 10%

Follow the steps to configure the Covid-19 PF relief component:

  1.  Select Employee PF Contribution from the drop-down list. You must select 10% here if you would like to provide the PF relief component to your employee.   
  2.  Select Employer PF Contribution from the drop-down list. You must select 10% here if you would like to opt for the PF relief component for your organisation.   
  3. Select Yes 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. 
  4. Select Monthly Employer PF component which is part of CTC from the drop-down list. This is to map (map with what) the particular Employer PF component which is part of CTC.  

    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 Excess amount to be paid as text box. A new component will be created under your Gross and your employees will receive the excess PF amount under this component name.  
  6. Select the disclaimer check box which is labelled as I acknowledge that a new component will be created under Gross which will calculate the excess employer PF contribution and will be paid to your employees for the next 3 months. You cannot proceed without selecting the disclaimer check box.
  7. Click Save to configure your Covid-19 PF relief component.  

 

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