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Step 4. Statutory Deductions
1. STATUTORY DEDUCTION DEDUCTED ON THIS PAYMENT PERIOD WILL BE RECONCILED AT EVERY OTHER PERIODS. Statutory deduction will be deducted in this period, and it will be reconciled in the statutory calculations in every other periods Example : Bonus paid ...
4. Company Statutory Account
Location: Home -> System Setup -> Company Setup -> Company Statutory Account EPF Account Enter Company's EPF Account Number here. You may have multiple EPF Accounts here. However, do NOT forget to set one of them as the Default EPF account Note: By ...
6.4 HRDF Setup
Location: Main -> Payroll -> Setup -> Statutory Setup -> HRDF Setup The HRDF category "Required To Registered" would contribute 1.0 % from employer. The HRDF category "May Opt To Be Registered" HRDF Category would contribute 0.5 % from the employer ...
6.5 Payroll Approving Officer Setup
This the guideline on how to perform the approval for TP1/TP3 submission. 1) Configure the Approver for TP1/TP3 Form Submission Login as Administrator -> Go to Payroll -> Setup -> Statutory Setup -> Payroll Approving Officer -> select the Approving ...
How to setup custom Tax or EPF rate?
Sometimes you may need to custom an amount for a specific rate, especially statutory deduction, such as tax and EPF. In other words, instead of letting system to calculate the amount of tax to be paid, you want to key in a specific amount that has ...