Maintain Contribution

From eStream Software
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Menu : Payroll | Maintenance | Maintain Contribution

Introduction

  • Is the main core to set the Contribution for Bonus, Director Fees, Pay Leave and Unpaid Leave.
  • Set the Employer EPF Rate and Employee EPF Rate.
  • Set the Working Day per Month and Working Hour Per Day for the purpose of calculate the OT Pay Rate.


Pay Contribution.jpg
Field Name Properties
Code
  • Definition : Contribution code
  • Field cannot be blank
  • Field Type : Alphanumeric
  • Length : 20
Description
  • Definition : Full description on Contribution Type
  • Field cannot be blank
  • Field Type : Alphanumeric
  • Length : 160
Active
  • Definition : Unchecked if this record is not in use.
  • Field Type : Boolean
Set as Default
  • Definition : Click mean this record you want it be the default record when insert a new record.
  • Field Type : Button
Bonus / Director / Pay Leave / Unpaid Leave
  • Definition : Does this Bonus / Director / Pay Leave / Unpaid Leave need to contribute for EPF ? Socso ? PCB ? PCB(A) ? OT ? EA ? Zakat ? HRDF(Human Resource Development Fund) ?
  • Checked mean you want it to be contribute.
  • What the different between PCB and PCB(A)?
i) PCB mean every month contribute the amount is fixed. Eg : Wages
ii) PCB(A) mean every month contribute the amount is not fixed. Eg : OT, Allowance, Commission, Bonus.
Employee EPF Rate
  • Definition : i) Set Employee EPF Rate.
ii) Age 55 above system will auto calculate half.
  • Field Type : Alphanumeric
  • Length : 10
Employer EPF Rate
  • Definition : i) Set Employer EPF Rate.
ii) Age 55 above system will auto calculate half.
iii) System will increase to 13% for those earning not exceed 5000 per month.
  • Field Type : Alphanumeric
  • Length : 10
Overtime Calculation base on Maintain Employee Setting
  • Definition : i) Checked mean the Overtime Pay Rate calculation base on Maintain Employee Setting.
ii) Unchecked mean the Overtime Pay Rate calculation base on Process Month.
  • Field Type : Boolean

How to change EPF Rate to 8%

1.