Understanding Provident Fund Deductions
This section discusses:
Delivered provident fund deductions.
Viewing delivered elements.
Global Payroll for India delivers the following elements to process provident funds:
|
Deduction |
Description |
|---|---|
|
PF |
Use to calculate the employee's provident fund contribution. |
|
PF VOL |
Use to calculate the employee's voluntary provident fund contribution. |
|
PF ER |
Use to calculate the employer's provident fund contribution. |
|
PF ER PEN |
Use to calculate the applicable percentage of the Employer contribution. |
|
PF ER ADMIN |
Use to calculate the employer's provident fund administration charge. |
|
PF ER EDLI |
Use to calculate the employer's EDLIS contribution. |
|
PF ER EDLIA |
Use to calculate the employer's EDLIS administration charge. |
PeopleSoft delivers a query that you can run to view the names of all delivered elements designed for India. Instructions for running the query are provided in PeopleSoft Global Payroll .