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author's profile photo Former Member
Former Member

Adding NSSF+Pension Fund Storing in other Wage type.

Hi Experts,

I have requirement with client.

I need to add two wage type for EE contribution and store in other Wage Type.

Find below the details:

1. 0507: NSSF Employee contribution

2. 0630: Pension Employee Contribution 5%

3. 0631: Pension Employee Contribution 7.5%

4. 0632: Pension Employee Contribution 10%

5. 9400: NSSF+Pension EE Contribution

My requirement is every month employee will contribute Pension Fund & NSSF Fund , based on the percentage he is in pension we need to add the Pension fund & NSSF fund and store in = 9400 - NSSF+Pension EE Contribution.

If employee has contributed 0630 i.e. 5% then

Add 0507 (NSSF) + 0630 (5%) and store in = 9400

else

If employee has contributed 0631 i.e. 7.5% then

Add 0507 (NSSF) + 0631 (7.5%) and store in = 9400

else

If employee has contributed 0632 i.e. 10% then

Add 0507 (NSSF) + 0632 (10%) and store in = 9400

Note:

1. Subject to the combined maximum allowable limit for NSSF and Pension Fund (KES. 20,000.00) per month

2. Pension is not part of total taxable income up to a maximum of KES. 20,000.00 per month or KES 240,000.00 per annum

Where i can store the limits for Pension Fund 20,000/-

I have not worked in PCR

Kindly assist me how can i write a PCR for this requirement.

Appreciate your early response.

Regards

Raj

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1 Answer

  • author's profile photo Former Member
    Former Member
    Posted on Dec 14, 2011 at 09:44 AM

    If any one can give ur input pls..

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