Field

Action

Select the financial calendar year for which the LWF details are entered.

Effective Date

Select the date from when the LWF deduction should be effective.

Name

Enter the name by which the LWF being configured should be referred in concerned PW Reports.

State

Select the state for which LWF is being configured.

Select the frequency at which LWF should be deducted.

Description

Enter any appropriate description, including any relevant or additional information that can be used for reference later.

Contribution Period

Select the starting and ending date of the period during which LWF contribution is effective, depending on the deduction frequency specified.

Due Dates

Select the due dates when reminders should be sent to HR / Admin through e-mail about the due statutory for the specified deduction frequency.

Due Date Reminders

Enter the number of reminders that should be sent.

Deduction Value

If you wish to specify deduction value for employee and employer, select the check box.

If you wish to specify deduction value based on slab, clear the check box.

Employee

Click to enter the amount that should be contributed by employee.

Employer

Click to enter the amount that should be contributed by the employer.

+Add LWF Slab

Click to add a LWF slab.

LWF slab is a combination of Start Limit, End Limit and LWF Amount. LWF is calculated accordingly and the deduction value is displayed in Statutory reports and payslips.

Start Limit

Enter the starting limit amount for which the LWF amount is specified.

End Limit

Enter the ending limit amount for which the LWF amount is specified.

Employee

Enter the amount that should be contributed by employee.

Employer

Enter the amount that should be contributed by the employer.

Active

To activate LWF deduction for employees, select the check box. If active, employees can view the LWF contribution details.