Generally, the 2% excess will be paid as a separate component. However, you can contact our support team if you would like to pay out the 2% excess as a special allowance. Our support team can make the necessary changes in the settings/configuration which will help you to pay 2% excess as a special allowance.
The Ministry of Labour and Employment published a notification to provide relief for PF contributions for both employees and employers.
greytHR"s Covid-19 PF Relief page helps you to configure the employee and employer PF contribution for the Covid-19 PF relief component.
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Related Links:
Video - To watch a video on Covid relief, click here.
FAQs-To read more FAQs about Covid relief, click here.
Documentation- To learn more about the Admin portal, click here.
Product Update- To read about the product update, click here.
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