How to Set up HDMF Calculation?

Contributing to Pag-IBIG (HDMF) offers several benefits for its members. Members are entitled to participate in Pag-IBIG’s programs and activities. These include housing fairs, seminars, and other events that provide valuable information and networking opportunities.

Here are some key advantages of the HDMF members:

• Housing Loans

• Savings and Dividends

• Retirement Fund

• Short-Term Loans

• Membership Benefits

  Here are the steps to accurately set up HDMF statutory deductions based on company preferences:

  1. Understand company preferences.

  2. Gather necessary information.

  3. Calculate employee and employer contributions.

  4. Configure your payroll system.

  5. Maintain accurate records.

  Let’s outline the steps for accurately setting up HDMF statutory deductions in AanyaHR:

1. Go to Payroll > click "Statutory" then select "Setup".

   

2. Click the “Create” button.

   

3. Click the “Statutory” dropdown list, then select HDMF.

   

4. Fill out all the required fields, then click the “Save” button.

   

   For guidance on setting up SSS Contribution, you can refer to the meaning or functions associated with tagging.

   • Statutory - you may select here the specific statutory to set up.

     • HDMF

     • PHIC

     • SSS

     • TAX

   • Types - this dropdown refers to the Wage Type

     • Monthly

     • Semi-Monthly

     • Weekly

   • Name - Within AanyaHR, a designated area where you can input a specific name for the setup. A predefined default names have already been set up.

   • Description - a designated area where you can input a specific description for the setup.

     • Monthly

     • Semi-Monthly

     • TAX

   • Attendance - Within AanyaHR, you have the option to choose attendance-based calculations that can impact the overall calculations.

     • All

     • Absence

     • Leave without pay

     • Regular Days

     • Tardiness

     • Undertime

   • SSS Basis- this dropdown refers to the Wage Type. You have the option to choose from the following selections.

     • All

     • Basic of Current Pay out

     • Full Monthly Basic Salary

     • Holiday

     • Overtime

   • Leave Type - this pertains to all leave requests submitted within the company, which can impact the calculations.

     • Annual Leave

     • Maternity Leave

     • Magna Carta of Women

     • Medical Leave

     • Sick Leave

     • Solo Parent Leave

     • Vacation Leave

     • VAWC

     • Service Incentive Leave

   • Earnings - this pertains to all Earnings Pay codes within the company, which can impact the calculations.

     • Basic Salary Adjustment

     • OT Adj

     • SL Conversion

     • Maternity Benefit

     • Maternity Benefit Salary Deferential

     • Other earnings to be added

     • Overtime

   • Status - This may either be

     • Active

     • Inactive

   • First Cut off - You have the option to choose from the following selections.

     • Calculated

       • Full

       • Half

       • Half Pro-rated

       • Maximum

     • Fixed - with Maximum Amount

     • Not Applicable

     • Inactive

   • Second Cut off - You have the option to choose from the following calculation type.

     • Adjustment from the 1st cut off

     • Calculated

     • Fixed

     • Not Applicable

       Go back to:

       How to Setup Payroll?