CPF On Bonus Is Not Considering The Ceiling And Calculating On Full Additional Wages (AW)
(Doc ID 2717319.1)
Last updated on NOVEMBER 19, 2023
Applies to:
Oracle HRMS (Singapore) - Version 12.2.9 and laterInformation in this document applies to any platform.
Symptoms
On : 12.2.9 version, Singapore Payroll
ACTUAL BEHAVIOR
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CPF on Bonus is not considering the ceiling and calculating on full Additional Wages (AW)
Employee CPF: 10,356.00
Employer CPF: 8803
EXPECTED BEHAVIOR
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System should consider ceiling for calculation.
Employee CPF = S$30,000 *20% = S$6000
Employer CPF = S$30,000 *17% = S$5100
STEPS
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The issue can be reproduced at will with the following steps:
1.Set "CPF Capping Method" to "Self Adjust - Projected" in Legal Entity
(N) Work Structures -> Organization -> Description -> GRE/Legal Entity
2.Set "ER/EE CPF Rate" to "Employer Full/ Employee Full" in Work Authority tab
(N) People -> Enter and Maintain
3. Run payroll with ordinary earnings(Ex: 100000) from Jan to Jun
4. Run Payroll with Additional earnings(Ex:51780.56) only in July
5. See the values in SOE
Employee CPF: 10,356.00
Employer CPF: 8803
Cause
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In this Document
| Symptoms |
| Cause |
| Solution |
| References |