Provident Fund

PROVIDENT FUND

Run a fully compliant EPF program — contributions, nominations, VPF, and challan generation — integrated end-to-end with payroll.

Overview

👥 WHO USES THIS

▸Payroll admins running EPF

▸Finance tracking PF outflows

▸HR supporting employee PF journeys

✨ WHAT YOU'LL ACHIEVE

▸Run compliant EPF programs

▸Generate monthly challans

▸Support employees end-to-end

The Provident Fund (PF) feature enables organizations to manage employee and employer contributions in compliance with statutory regulations. PF is a government-mandated retirement savings scheme in which both the employer and employee contribute a fixed percentage of the employee’s PF wage each month.
Provident Fund rules are pre-defined according to government norms, including contribution rates, wage limits, and statutory components such as EDLI (Employees’ Deposit Linked Insurance) and Admin Charges.
Employers can configure whether contributions are calculated as 12% of actual PF wage or based on the restricted wage limit of ₹15,000, and whether these amounts are included in the employee’s CTC.