How do I set up the provident fund components?

How do I set up the provident fund components?

Once the Provident fund has been created, the corresponding employee deduction and company contribution components have to be set up on company level before linking them to employees.

Step 1: Search for & create the employee deduction and company contribution Provident fund components.

      Navigate > Configuration > Payroll > Payroll Config > Payroll Components
      
      

      

      

      
      
Step 2: Add the components to the Deductions and Company Contributions payslip sections of the employee's Recurring Payroll Components screen.

      Navigate > Employee > Payroll Processing > Recurring Payroll Components > Deductions

            

      

      

      Navigate > Employee > Payroll Processing > Recurring Payroll Components > Company Contributions

      

      

      

The components will be displayed on the employee's Edit Payslip screen accordingly.

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