How to upgrade Provident Fund plugin in uKnowva as per June 2016 rule ?

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With the new rules for PF that have come into effect since June 2019 by the Government,please refer the link below for the same.

 

https://www.businesstoday.in/current/economy-politics/pf-deductions-special-allowances-basic-salary-supreme-court/story/323579.html

 

 

 

 

Since the advent of those new rules we have updated the same in the uKnowva plugin.

 

Step 1: To update PF plugin please follow below steps.

 

Link: How to Install/Upgrade PF plugin from extension store in uknowva ?

 

https://docs.uknowva.com/extending-uknowva/install-from-extension-store

 

 

 

Step 2: To configure the plugin, please refer the below steps.

 

Go to uKnowva configuration  

 

 

  

Step 3 : In left-hand side menu click on plugin -> search for "Provident Fund Calculator" and click on it.

 

 

 

Step 4: Enter the basic head title (Make a note that Basic head title should be entered as per the salary component head title only).

 

 

 

Step 5: Enter the basic max limit amount. (Please check the below rules)

 

Rule 1: If the basic is greater than or equal to 15000 then PF will be deducted on basic only.

 

Rules 2: If the basic is less than or equal to 1500 then all the above mentioned salary component will be add and PF will be deducted from that amount.

 

 

 

Step 6: Click on save button.

 

Hope this helps! For any further queries please contact us. Thank You.  

 

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