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Pension Fund Reporting (HINCEPN1)
Purpose
This report displays detailed Pension Fund contribution information onthe employers contributions to the trust.
The data can be filtered according to user-defined search criteria andgrouped into key data that is displayed in the following reports:
- Form 7(PS) and Form 7(EPF), provides the details of the employer's
statement of contribution for every employee
- Form 8(PS) and Form 8(EPF), provides consolidated details of employers
contributions in the fiscal year
These reports are submitted by the employer, to the Exempted Trust inthe statutory format.Prerequisites
- Run the payroll for your employees and have payroll results
- Maintain the Provident Fund Contribution Infotype (0587)
Features
You can trigger two separate reports from within this report: Form 8(PS) and Form 8(EPF) for Pension Scheme
These report summarizes the list of all employees and the correspondingemployer's contributions to their pension fund in the fiscal year.
The system displays the following key data:
- Employee's name and number
- Employee's pension number
- Pension basis
- Employer Pension Contribution
Form 7(PS) and Form 7(EPF) for Pension Scheme
These report displays the employer's monthly contribution details foreach employee with the amounts contributed to the pension fund. The dateof commencement of membership for the pension fund is also displayed.
The system displays the following key data:
- Employee's name and number
- Employee's pension fund number
- Pension basis
- Employer's pension contribution
The default display lists those empoyees who have only one accountnumber in the pension fund mentioned in the selection screen. In case anemployee has more than one account number for the same pension fund, thedetails of those employess can be seen by clicking the AmbiguousCases button.Selection
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