PF rule to restrict the Ceiling Limit

Ceiling Limit to make it applicable to all employees

Restrict Ceiling Limit to selected employees


PF rule to restrict the Ceiling Limit


In Paybooks 2.0: Go to Settings >> click on PF Rules

In Paybooks 1.0: Go to Configure >> Masters >> PF Master


Enter the Effective Date.

Check the box "Restrict Employee Wages", if PF wages to be restricted on the PF Wages.

Enter the amount of Maximum Wages.

Enter EDLI Charges and EDLI Admin Charges (only if it is different based on your industry type, anyway system has pre-configured the percentages) and click on “Save”.




Apply restriction of PF contribution for all employees


In Paybooks 2.0: Go to Settings >> click on Company Profile >> Select PF Info tab >> Select PF Rules are same for all employees and Save

In Paybooks 1.0Go to Configure menu > Company Profile >> Select PF Info tab >> Select Company Level PF? As “Yes” and Save


Restrict PF contribution for Selected Employees


In Paybooks 2.0: Go to Employees >> Master tab >> select employee and edit 

In Paybooks 1.0Go to Employee menu >> Employee Master >> select employee and edit 


Select PF and ESI tab

Select Employee PF Restricted “Yes” and Save.

 

Note: System will calculate flat 12% if Employee PF Restricted is not selected.


Unselect Employee has PF check box if PF contribution need not be done for Employees.