Index

PF ESI Group

PF Group is the sub module of the Payroll settings in the Setup module.

This contain list of all PF Groups in the company.

PF ESI Details Add

1)Effective From:

Select date from which this rate will be applicable.

**Provident Fund:

1)EPF (A) - (%):
As per the Govt. rule it is 12%.

2)Cut Off:
As per the Govt. rule it is 15,000.

**Employer's Share:

1)Pension Fund(B) - (%):
As per the Govt. rule it is 8.33%.

2)EPF(A-B) - (%):
As per the Govt. rule it will be displayed with 3.67%.
EPF(A-B)%=EPF(A)% - Pension Fund (B)%.
It is not editable.

3)Acc. No. 21 - (%):
As per the Govt. rule it is 0.5%.

4)Acc. No. 22 - (%):
As per the Govt. rule it is 0.005%.

5)Acc. No. 02 - (%):
As per the Govt. rule it is 0.85%.

**Round Off:

1)Nearest Rupee:
Select Nearest Ten Rupees to round off value to nearest ten rupees.For more information
Ex:If total income is :638944.50

First paise would be ignored.

Final total amount 638944 would be considered.

This amount would be reduced /increased to the nearest multiple of 10.

Now here last digit is 4 which is less than 5,it would be reduced to the nearest

multiple of 10 which would be 638940.

2)Higher Rupee:
Select Higher Rupee to round off value to higher rupee.
Ex: If total income is :63.80

Then Higher Rupee will be 64.

3)Restrict Employer Share:
Select Restrict Employer Share to include it.