Provident Fund Contributions

PeopleSoft Global Payroll for Thailand delivers the PF BAS PTD accumulator to store provident fund contributions. Both the provident fund employee contribution (PF EE CONTRI) and employer contribution (PF ER CONTRI) are calculated by multiplying the provident fund base by the corresponding contribution rates (PF VR EE RATE and PF VR ER RATE) stored in the database. The provident fund base is calculated by the formula PF FM BAS.

Contribution rates are retrieved from the database by the PF AR INFOR array element.