Manages long-term employee financial benefits like Provident Funds (PF), Gratuity Funds (GF), and other related accounts..
Manages long-term employee financial benefits like Provident Funds (PF), Gratuity Funds (GF), and other related accounts..
This module tracks both employee deductions and employer contributions to specific benefit funds over the course of an employee's tenure. It handles the complex calculations for Provident Fund ledgers, Gratuity eligibility and disbursement, workers' profit participation funds (WPPF), and loan amortizations taken against these funds. It ensures accurate final settlements during offboarding or retirement while maintaining strict compliance with local labor and tax laws.