Hong Kong Statutory Rate Tables
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This activity allows you to specify the statutory rate slabs for the fund type based on which the employee’s fund deduction is computed.
Select the “Hong Kong Statutory Rate Tables” from the left pane.
The “Hong Kong Statutory Rate Tables” page appears.
Note:
Clicking this icon available near certain fields takes
you to the help page of the respective field.
The system displays the following
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Hong Kong Statutory Setup Unit |
The Hong Kong statutory setup unit for the login user. |
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Statutory Fund Type |
Use the drop-down list box to select the statutory fund type. The combo is loaded with “Select”, “MPF Scheme” and “ORSO Scheme”. The system displays “Select” by default on launch of the page. MPF - Mandatory Provident Fund ORSO - Occupational Retirement Schemes Ordinance |
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Currency |
The currency of the Hong Kong. |
Select the following from the “Access History” group box:
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Effective Period |
Use the drop-down list box to view the rate table history details with effective date range for a particular fund type. |
Enter the following details in the multiline:
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Salary From |
The starting salary range from which the rate table is to be defined. |
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Salary To |
The ending salary range from which the rate table is to be defined. |
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Employee Contribution % |
The contribution value of the employee specified in percentage. |
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Employee Contribution Amount |
The contribution amount of the employee specified in percentage. |
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Employer Contribution % |
The contribution value of the employer specified in percentage. |
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Employer Contribution Amount |
The contribution amount of the employer specified in percentage. |
Enter the following details in the “Modification Details” group box:
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Modification Option |
Use the drop-down list box to specify the modification option. The combo is loaded with “Blank”, “Correct” and “Update”. The system by default displays “Blank” on launch of the page. § Correct: The modified details are saved with the current date. § Update: The modified details are updated with the new effective date. |
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New Effective From |
The new effective date of updated records. |
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Remarks |
Any remarks or additional information regarding the rate table details. |
Click the “Submit” pushbutton.
The system saves the rate table details.
