How to configure PF so that in case of LOP, it is prorated based on the number of payable days?

When we consider an employee with LOP for a month, Most salary components are prorated based on the number of working days. Now in casees where Basic is 15000 or greater even after proration and the PF amount is calculated as Basic*12% Limited to 1800, then the PF amount is not prorated and is still calculated as 1800. This is accepted in most of the organizations however in case you would like the PF to be prorated based on the number of days for a few or all employees you can do so in keka.

To prorate PF based on LOP Days, go to Payroll (1) and select Payroll Admin (2), you will be re-directed to Operations and under Overrides click PF (Provident Fund) Override - Employer and Employee Share, including VPF (3).

1) To do it individually, search for the desired employee and click on Edit.

In the overlay window, enable Prorate PF for LOP adjustment and click Update.

b) To update this in bulk, on the page click Import in Bulk.

Now in the window click Excel Template in Download the Excel Template to download the template.

In the template, under the Column, Prorate PF for LOP adjustment, change the cell value to Yes for the employees you want and Save the file.

In the Keka page select Upload Excel File and upload the Excel file.

Once the file is uploaded, you will move to the next page Match Columns. Here check the Columns and click Continue.

On the Last page, Preview Data, check if there are no errors click Complete and the changes will be updated in Keka.

Hope the process to Prorate PF PF for LOP days is now clear. Need more help? You can refer to the other articles available or Contact us!