Stribeck Addichem, since 2021, engineers specialty additives and chemicals for greases, lubricants and metal-working fluids. It sources base materials globally and develops eco-conscious additive solutions from its Palghar (Maharashtra) facility.
Implement three distinct PF calculation methods within a single payroll system, while effectively managing the complexity that arises when employees transition between different PF structures.
A high administrative burden caused by the need to manage multiple payroll templates, along with the challenge of ensuring configuration accuracy without requiring manual corrections during payroll processing.
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Set up three salary structures in one payroll system with separate PF components and templates per EPF method. Automated PF mapping to Basic, HRA, and Conveyance, with ESIC calculated before PF to ensure compliance and support voluntary PF updates.
We implemented three different salary structures within a single payroll application by configuring separate PF components and payroll templates for each EPF method. PF was mapped to Basic, HRA, and Conveyance using Zoho’s built-in tools, with automated logic applying the correct PF method based on the employee template. ESIC was configured to calculate before PF where required, ensuring compliance while supporting voluntary PF contributions and smooth transitions between methods.
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115, Sanjay Mittal 2, Andheri - Kurla Rd, Mittal Industrial Estate, Marol, Andheri East, Mumbai, Maharashtra 400059 sales@value-score.co.in
115, Sanjay Mittal 2, Andheri - Kurla Rd, Mittal Industrial Estate, Marol, Andheri East, Mumbai, Maharashtra 400059 sales@value-score.co.in
