How can admin ensure that employee’s PF is calculated in payroll?

Provident Fund (PF), is a government-mandated retirement savings scheme established to provide financial security and retirement benefits to employees.

If the Provident Fund is not getting calculated in the greytHR application, you must ensure that the employee is marked as eligible for receiving PF on the Bank/PF/ESI page. 

To include an employee under PF, the admin must perform the following actions:

1. 
   
   1. From the greytHR Admin login, navigate to Employee > Information > Bank/PF/ESI. The Bank/PF/ESI page appears.
   2. From the Search Employee search box, search for the employee whose PF details you want to update.
   3. Next to PF Account, you can view an Edit icon. Click the Edit icon to update the PF details.
   4. Select the Employee is covered under PF check box.
   5. In the UAN text box, enter the UAN number.
   6. In the PF Number text box, enter the PF number.
   7. In the PF Join Date, enter the joining date of the employee’s PF.
   8. In the Family PF No text box, enter the employee’s family PF number.
   9. Select the following checkboxes as per your requirements:
      1. Is existing member of EPS
      2. Allow EPF excess contribution
      3. Allow EPS excess contribution
   10. From the Document Type drop-down list, select the relevant document.
   11. Click Save to save the employee’s PF details.  

Note: If the PF calculation is still incorrect, kindly check your payroll configuration.

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Related Links:

Video: To watch the video on Bank/PF/ESI page, click here.

FAQs: To read more FAQs about Bank/PF/ESI, click here.

Documentation: To learn more about the Bank/PF/ESI page, click here.

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