Employees Provident Fund Infotype
(0196)
Definition
This infotype stores Employee Provident Fund (EPF) related data.
Use
The payroll uses the information in this infotype to calculate the EPF deductions for a period.
Structure
Employee information:
· Enter the Employee EPF number issued by the EPF Board.
· Enter the EPF Initials also issued by the EPF Board.
· These initials are used for reporting to the EPF Board.
· Set the Contributing to EPF indicator if the employee is currently contributing to EPF.
Due to recent legislation, no one is exempt from contributing to EPF. Therefore, this indicator must always be set.
· Select Old IC Number if the employee's old IC Number is to be used in printing the EPF reports.
Contribution:
· Select the EPF contribution rate for employee and employer. Based on the Company Rates table, either you can enter the Statutory rate or the Company rate. If you are allowed to enter the Company rate, then the Company Rate entry in the table is greater than the Statutory Rate. Otherwise, the Statutory Rate is greater than the Company Rate.
· For the Personal rate, you can enter a percentage or an amount, or both. If an Amount is entered, then the Percentage can be omitted or can be less than the Statutory rate. However, the combination of both must be greater than or equal to the Statutory rate.
Integration
The company rates must be entered before creating this infotype record for the employee.
You can configure the Company Rates for EPF in the Implementation Guide under Payroll for Malaysia ® EPF ® Setting Up Company Rate ® Maintain the company rate.
See also:
EPF Borang A Report (RPCEBAL0)