Amendment to Employee PF as per AATMA NIRBHAR BHARAT ROJGAR YOJANA
(Doc ID 2757783.1)
Last updated on APRIL 22, 2021
Applies to:Oracle HRMS (India) - Version 12.1.3 and later
Information in this document applies to any platform.
How to implement newly introduced Provident Fund Rule "Aaatmanirbhar Bharat Rozgar Yojana (ABRY)" on India Payroll system ?
Aatma Nirbhar Bharat Rojgar Yojana has been introduced to encourage new employment under which Employee and Employee PF contributions (depending the size of establishment) will be paid by the central government of India for 2 years for :
-The new employees registered with EPFO between Oct 2020 to Jun 2021
-Who made exit for employment between March to September 2020 and rejoined between Oct 2020 to Jun2021
-Have PF wages below rs.15000/- per month
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