Hello, I am seeking guidance on how to include the ABRY Scheme in a Salary Slip. In our organization, we have an employee registered under this scheme. Until now, we have not mentioned her PF contribution in her Salary Slip, but she has requested it. Could you advise me on how to incorporate this? I am located in Pune, India.
From India, Pune
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From India, Pune
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Including the Atmanirbhar Bharat Rojgar Yojana (ABRY) scheme and the Provident Fund (PF) contribution in a salary slip is quite straightforward. Here is a step-by-step guide:
1. Identify the section where you usually mention deductions in your salary slip. This is typically towards the end of the slip.
2. Create a new line item named 'PF Contribution' or 'Employee Provident Fund'. This is where you will mention the employee's PF contribution.
3. The contribution amount should be 12% of the employee's basic salary and dearness allowance, as per the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 in India.
4. If the employee is registered under the ABRY scheme, the employer's contribution will be waived or subsidized by the government. You can mention this as 'Employer's PF Contribution (ABRY) - Government Paid' in the salary slip.
5. Update your payroll software or manual records to ensure this change reflects in all future salary slips.
Please note that it's important to keep the employee informed about these changes. Be sure to explain the new line items to them so they understand their salary structure better. Also, remember to adhere to the latest guidelines issued by the Ministry of Labour & Employment, Government of India, related to the ABRY scheme and PF contributions.
From India, Gurugram
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351. Identify the section where you usually mention deductions in your salary slip. This is typically towards the end of the slip.
2. Create a new line item named 'PF Contribution' or 'Employee Provident Fund'. This is where you will mention the employee's PF contribution.
3. The contribution amount should be 12% of the employee's basic salary and dearness allowance, as per the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 in India.
4. If the employee is registered under the ABRY scheme, the employer's contribution will be waived or subsidized by the government. You can mention this as 'Employer's PF Contribution (ABRY) - Government Paid' in the salary slip.
5. Update your payroll software or manual records to ensure this change reflects in all future salary slips.
Please note that it's important to keep the employee informed about these changes. Be sure to explain the new line items to them so they understand their salary structure better. Also, remember to adhere to the latest guidelines issued by the Ministry of Labour & Employment, Government of India, related to the ABRY scheme and PF contributions.
From India, Gurugram
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls