Recording Provident Fund year

Record Provident Fund Year - A summary of the activity

Page objective

What you can do in this page

Glossary

Basics of using a Ramco Entreprise Series 4.0 web page

Using Online help

The "Record Provident Fund Year’ page appears.

The system displays the following

Date Format

The date format that is applicable to the login user.

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PF Setup Unit

From the drop-down list box, select the Provident Fund setup unit for which you require to record the Provident Fund year details.

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PF Year

From the drop-down list box, select the option “New” to record the new Provident Fund year details for the specific period in a year.

PF Year Code

A unique code to identify the Provident Fund year.

PF Year Description

A short description of the Provident Fund year.

PF Year From Date

The start date of the Provident Fund year.

PF Year To Date

The end date of the Provident Fund year.

To record statutory interest details

Interest rate (%)

 The statutory Provident Fund interest rate in percentage given by the Ministry of  Labour for the specific period.

To indicate whether a history of the modifications must be maintained

Modification Option

Select “Correct” or “Update” from the drop-down list box.

§          If you select “Correct”, the history of modifications is not stored by the system. The record is merely corrected, and the system treats the modification date of the record to be the same as “Effective Date“ you specified when you created the record

§   “Update”, the system stores the history of modifications, by inserting a new record to track each change to the record. The previous record is internally closed. When you select “Update”, you must also enter the date from which the changes must become effective.

New Effective From

If the edit option you chose is “Update”, specify the date from which the current modification will be in effect. The system maintains the “Effective To Date” of the previous record to be one day less than the “New Effective From” date.

If no previous record exists, the system will refresh the page   and displays the current record.

Note: When you click “Previous” pushbutton, the system will display the record previous to the record displayed.

To delete the Provident Fund year details

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      Hyperlinked topics below

Page Objective

Use this page to record, edit or delete the Provident Fund year details.

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What you can do in this page

To record statutory interest details

To indicate whether a history of the modifications must be maintained

To delete the Provident Fund year details

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