Statutory Compliance Coverage
Vritti automates payroll deductions and calculations in full accordance with Indian labor laws and tax regulations, eliminating manual error during monthly payroll runs.Employees’ Provident Fund (EPF)
Standard Deductions
- Employee Contribution: 12% of basic wage plus Dearness Allowance (DA).
- Employer Contribution: 12% split between Employee Pension Scheme (EPS - 8.33% capped at ₹1,250) and EPF (3.67%).
- Statutory Ceiling: Configurable application of the standard ₹15,000 monthly basic wage ceiling.
Admin Controls
- Enable or disable EPF per employee based on eligibility.
- Automated generation of EPF ECR text files ready for upload to the EPFO portal.
Employee State Insurance (ESI)
Applicability & Rates
- Applies to employees with a gross monthly wage of ₹21,000 or lower.
- Employee Contribution: 0.75% of gross wages.
- Employer Contribution: 3.25% of gross wages.
Automated Eligibility Rules
If an employee’s salary increases above ₹21,000 mid-contribution period, Vritti maintains ESI status until the end of the statutory contribution period as mandated by ESIC regulations.Professional Tax (PT)
State-Specific Tax Slabs
Professional Tax varies by state across India. Vritti supports configurable state PT rules:- Maharashtra, Karnataka, West Bengal, Tamil Nadu, Telangana, Gujarat, Madhya Pradesh, and others.
- Gender-based slab variations (e.g., Maharashtra PT exemptions for female staff earning under specified thresholds).
- February month slab adjustments accounted for automatically.
Tax Deducted at Source (TDS) & LOP
Income Tax Deductions
- Support for Old and New Tax Regimes.
- Automated monthly TDS deduction calculation based on declared investments and projected annual earnings.
Loss of Pay (LOP) Integration
- Direct integration between biometric attendance summaries and salary processing.
- Automated calculation of sandwich leave rules, half-day deductions, and late arrival penalties based on institutional policy.