About EPF Scheme.

Employers in India have to mandatorily go through PF registration if they have a minimum of 20 employees. 

Eligible employers need to register all their employees on the EPFO portal. EPFO assigns a 12-digit Universal Account Number (UAN) to every employee. Like Permanent Account Number (PAN), UAN is also constant throughout the employee’s life. 

Every time an employee changes their job, EPFO provides a new member identification number (Member ID) that is linked to the employee’s UAN. 

Employees, who already have a UAN, should provide it to the new employer on joining. This will enable the employer to mark a new Member ID to the already existing UAN. If an individual is employed for the first time, the employer will have to get UAN generated for him. 

Setting up EPF in SalaryBox

  1. Open Settings option in SalaryBox

     
  2. Select Manage Salary Templates from Salary Settings Menu

     
  3. Select Create Template and name the Template (example: Salary Template for FY 2022)

     
  4. Under Employer Contribution you can find Employer PF option from where you can select required option. (All available options as per the scheme are provided by default)

     
  5. Similarly under Employee Deductions you can find Employee PF option from where you can select required option. (All available options as per the scheme are provided by default)
     
  6. After completing the entire template save the template.
  7. Select the employee on which you want to add the template

  8. Go to Salary Payment Info

  9. Click on edit ESI, EPF an Allowance option 

  10. Choose the desired template and click on update CTC

  11. Once updated, EPF will get calculated based on attendance of the month.