Consolidated Deduction for Provident Fund
Hi Folks
I am working on Indian Payroll. Generally PF will be 12% of the Basic. But my client wants it as the consolidated deduction.
i.e. Rs.1,000 or Rs.2,000 or Rs.3,000, etc per month for an employee. This will be dediced by the employee itself.
Is it the right way to create PF as one of the deduction wage types in IT15?
Then How to compute the Employer contribution, EDLI, Administration charges, etc in SAP.
Appreciate any suggestion for this.
regards
Munu
Hi Friends
Appreciate your valuable suggestion on this.
Regards
Munu