Can admin include an employee's Pension Fund while calculating income tax?

Created by Product Content Team, Modified on Wed, 13 Mar at 5:19 PM by Product Content Team

No, while calculating income tax for employees, the admin need not include the employees' Pension Fund (PF) manually.

The Employee Pension Fund (EPF) is a government-mandated retirement scheme in India where both employers and employees make regular contributions. It helps employees build a retirement corpus by allocating a portion of the contributions to their pension account, providing financial security in retirement.
The greytHR’s system automatically includes and excludes the required components while calculating the income tax of employees.

Click here to subscribe to our help videos

Related Links:

Video - To watch the Income Tax video, click here.

FAQs - To read more FAQs about Income Tax, click here.

Documentation - To read more about Income Tax, click here.

Product Update - To read about the product update, click here.