How to configure employee contribution to multiple funds?

SMEPayroll supports two cases of fund contribution.The first one is employees can contribute to more than one fund type and the second case is the employee can contribute an additional amount for the same fund type.

First Case: To contribute more than one Fund Type follow the given steps:

Step 01: For funds contribution to multiple funds, go to the “Payroll” module and Click the “Deduction/Multi Deductions”.

Step 02: From here click the “ Add New Payroll Deduction” button at the bottom of the grid.

Step 03: Select the “Employee Name” and then select one of the eight “Deduction Type” options as mentioned below:

CDAC - A { CDAC will be computed automatically based on Gross Salary}

CDAC - M { CDAC } will be computed manually based on the amount entered}
ECF - A { ECF will be computed automatically based on Gross Salary}

ECF - M { ECF will be computed manually based on the amount entered}

MBMF - A { MBMF will be computed automatically based on Gross Salary}

MBMF - M { MBMF will be computed manually based on the amount entered}

SINDA- A { SINDA will be computed automatically based on Gross Salary}

SINDA - M { SINDA will be computed manually based on the amount entered

Step 04: Based on our case the employee needs to contribute to additional fund type, so assuming the employee is already contributing to CDAC - Auto and wishes to contribute to MBMF.

Step 05: In the payroll deduction, choose MBMF - Manual as deduction type and select the period the employee wishes to pay.

Step 06: The changes will be reflected in the payroll detail, Payslip, CPF file, and Reports.

Second Case: To contribute an additional amount for the same Fund Type follow the given steps:

Step 01: For additional funds contribution, Go to the “Payroll” module and Click the “Deduction/Multi Deductions”.

Step 02: Select the “Employee Name” and then select one of the eight options:

CDAC - A { CDAC will be computed automatically based on Gross Salary}

CDAC - M { CDAC will be computed manually based on the amount entered}

ECF - A { ECF will be computed automatically based on Gross Salary}

ECF - M { ECF will be computed manually based on the amount entered}

MBMF - A { MBMF will be computed automatically based on Gross Salary}

MBMF - M { MBMF will be computed manually based on the amount entered}

SINDA- A { SINDA will be computed automatically based on Gross Salary}

SINDA - M { SINDA will be computed manually based on the amount entered}

Step 03: Based on our case the employee needs to contribute an additional amount for the same fund type, so assuming the employee is already contributing to CDAC - AUTO.

Step 04: In the payroll deduction choose CDAC - Manual as deduction type and select the period the employee wishes to pay.

Step 05: The changes will be reflected in the payroll detail, Payslip, CPF file, and Reports.

Product Version: SMEPayrollTM Version 11