Covid-19 PF Relief Component (22)

Covid-19 pandemic pushed the economy into a major financial crisis. The Central Government has come up with several relaxation measures to ensure cash liquidity with the employers and employees. The Ministry of Labour and Employment published a notification dated 18th May 2020 to provide relief for PF by allowing employee and employer to reduce their PF contribution rate. greytHR is now ready with these changes in the application. You can configure the Covid-19 PF relief component from the Payroll Process and Salary page.