• 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’ Provident Fund Organization (EPFO).

• Choose whether to include the EDLI, and Admin Charges as part of the employee’s CTC. 

• You can also select whether to allow overriding the PF contribution rate at the employee level during salary configuration for that specific employee.

• For both employer and employee contribution rates, select the appropriate Contribution Type: Restricted Wage Contribution – Limit contributions to ₹15,000 of PF wage and Actual Wage Contribution – Calculate 12% of the actual PF wage.

• If you choose to restrict the employer’s contribution calculation to ₹15,000, the system will apply this limit even if the PF wage exceeds that amount.

• Additionally, you can enable Arrear PF Calculation to include provident fund contributions on arrears.

• Select whether you want to Pro Rate Restricted PF Wage- PF contribution will be pro-rated based on the number of days worked by the employee

• Once EPF is set up for your organization, it only needs to be linked when adding a new employee. The system will then automatically deduct PF contributions every month based on the configured rules.

Fig: Provident Fund