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SG : CPF Calculation is incorrect for first year (Doc ID 2637862.1)

Last updated on FEBRUARY 19, 2020

Applies to:

Oracle HRMS (Singapore) - Version 12.1.3 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
Observe that, Employee CPF Contribution has been calculated incorrectly.

EXPECTED BEHAVIOR
-----------------------
Expect that, calculation for Employee CPF Contribution should consider the cap for additional earnings

STEPS
-----------------------
The issue can be reproduced at will with the following steps:

1. Create an employee effective from 01-Jan-2020
2. Create an element Basic Pay(Ordinary Earnings) and attach to employee with value as 16000
3. Create an element Bonus (Additional Earnings) and attach to employee with Value as 100000
4. Run Quick Pay for Period 01-Jan-2020 and observed below results
     CPF EE Ded = 21200
     CPF Employer Deduction = 18020



Cause

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In this Document
Symptoms
Cause
Solution
References


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