Provident Fund Rules

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• Provident Fund

  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 ...

• Labour Welfare Fund (LWF)

  The Labour Welfare Fund (LWF) is a statutory contribution by both the employer and the employee, applicable as per state-specific rules. The system will automatically process LWF deductions during payroll.

• NPS Rules

  Navigate to Tax and Statutory Compliances → Statutory Components → NPS Rules. Click the Edit Icon. Set the NPS deduction percentage for employees. The auto-declaration and investment category are pre-defined in the system as per statutory compliance. ...

• Attendance & Grant Rules Settings

  Settings → CoreHR → Comp Off → Grant Rules The Compensatory Off (Comp-Off) feature allows employees to earn and utilize time off in lieu of extra hours or days worked beyond their regular work schedule, such as working on weekends or public holidays. ...

• Setting up EPF for your Organization

  To configure EPF for your organization, navigate to Tax and Statutory Compliances → Statutory Components → Provident Fund and click the Edit icon. Enter your EPF Number, which can be found in the registration letter received from the Employees’ ...