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Provident fund is a statutory requirement today and is commonly required in all companies. This module in
PaySoft supports both exempted and un-exempted establishments. With the parameterization feature extended in this module, the user
can easily configure the varying rates for PF as outlined by the PF department.
Highlights:
PF Government (Un - Exempted Established)
Companies depositing the PF amount to the government can generate all the statutory reports of Provident Fund.
Can generate location/site wise PF summary with employee and employer contribution.
PF structure can be changed dynamically if in between the financial year if the PF rules are amended.
PF (Exempted Established)
Companies having their own trust can manage the companies and employees PF account effectively.
Allows transfers of funds in between the financial year and set the eligibility date of transfer of funds which helps in back dated monthly interest calculation if required.
Generates all trust related reports. PF structure can be changed dynamically.
Option for PF deduction for contract employees.
Also maintains loans taken by the employee against PF Trust A/c.
Provident Fund Reports
- PF member List
- Monthly / Annual PF Contribution Report.
For Un-Exempted Establishments
- PF Employee Checklist.
- PF Statement.
- Form-3A.
- Form 6A.
- Form 12A.
- PF Challan.
- Reconciliation and dues as per Challan and 12A.
- Site Wise Month wise PF Summary Report.
- Form-5.
- Form-10.
PF (Exempted Established)
- Form - 6
- Form - 4
- Form -7
- Form - 8
- PF Accumulation statement for the (Trust Employee Wise / Consolidated).
- Monthly Contribution statement for Trust (Trust Employee Wise / Consolidated).
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