Add the provident fund to the employee so the system can calculate their pension contributions. Once assigned, the employee and employer contributions update automatically in the pay run.
Adding a provident fund for employees
You'll need to add the provident fund to the employees by selecting Employee from the menu.
Click the Retirement Fund section on the left-hand side.
Click the Add a Retirement Fund option on the top right-hand side.
Select the created provident fund from the Retirement Fund dropdown.
Enter a Start Date for the employee on the fund.
Enter the End Date, or leave it unchanged if none is specified.
Enter the employee and employer percentages or amounts based on your selection.
Save the changes.
📎NOTE: The system automatically adds the employee and the employer benefit options set up to the employee's pay run.