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Reply from JG-SAPHR on Mar 7 at 12:49 AM Following are the standard procedures that has been observed in Australian payroll (where PF is called as superannuation, which is a common term used all over.) I expect it would not be much different in your country's rules.
Usually the retro effects of PF dedn are carried forward from a retro period to current period. The current period's super deduction is modified by the retro amt.
Note: Usually if the dedn w/t is in V_T51P6 the dedn in a prev.period will not be changed; the function PRDNT in the payroll schema reverses changes and puts back the original dedn amt in the RT.
Function PRPIO processes the dedns in RT based on how much can be deducted (as derived in w/t /550.)
Further usually the superannuation business requirements do not allow paying back to the employee in any period, due to restrictions like preserved benefits. Hence the payroll schema/PCRs are designed to reduce the current period's super deduction till it reaches zero; a negative deduction will not be allowed.
| | | ---------------Original Message---------------
From: Ananya
Sent: Thursday, March 06, 2014 2:47 AM
Subject: Regarding Pay Roll
Hi,
My Name Is Ananya. I need the clarification regarding this.
What is CF PF in the Pay Roll and when will it be deducted and is that amount refundable to me. Please clarify this doubt for me. |
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