How to process salary (Payroll) in Tall Prime ?

ASSIGNMENT

Enable required features of Payroll and create the following

  1. Create units (work) for payroll: Hour, Minute
    • Create compound unit : 1 Hour = 60 Min
  2. Create attendance type
    • Sick Leave (Leave with pay)
    • Absent (Leave without pay)
    • Overtime (Production)
  3. Create Payhead type
    • Basic (On Flat Rate)
    • DA (As compound value 50% on Basic)
    • HRA (as computed value 20% on Basic + DA)
    • TA (Flat Rate)
    • Overtime (On Production)
    • Gratuity (On Gratuity)
    • Provident Fund (As computed value 12% Basic + DA)
    • Professional Tax (as computed value)
      Professional Tax Slab %
      FROM UPTO VALUE BASIS
      — 3000 0
      3000.00 6000 40
      6000.00 8000 120
      8000.00 — 250
  4. Create employee group
    • Category : Employee
    • Name : Accounts
  5. Create two employee
    • Mr. Tarak (Basic : 20,000, DA : 50%, HRA, 20%, TA = 500 monthly, OT = 30/- per hour)
    • Mr. Riya (Basic : 1,00,000, DA: 50%, HRA 20%, TA = 700 Monthly, OT = 30/ per hour)
  6. Create Salary details of the two employees with all the above payheads

SOLUTION

SETTING UP FEATURES

  • Press F11 for company features
  • Payroll:
    Maintain Payroll : Yes
    Enable Payroll Statutory : Yes
    Enter the payroll statutory details of Provident Fund, Employee State Insurance, National Pension Scheme, Income Tax)
  • Press CTRL + A to accept the total screen

CREATING UNITS

  • Gateway of Tally
    • Payroll Masters
      • Units (work)
  • Type : Simple
  • Symbol : Hrs
  • Accept_ Yes
  • Type : Simple
  • Symbol : Min
  • Accept_ Yes
  • Type : Compound
  • First Unit : Hr
  • Conversion : 60
  • Second Unit : Min
  • Accept _ Yes

Creating Attendance / Production Type

  • Gateway of tally
    • Payroll Masters
      • Attendance / Production Type
  • Name : Sick Leave
  • Under : Primary
  • Attendance / Production Type : Attendance / Leave with Pay
  • Period Type : Days
  • Name : Absent
  • Under : Primary
  • Attendance / Production Type : Leave without Pay
  • Period Type : Days
  • Name : Over Time
  • Under : Primary
  • Attendance / Production Type : Production
  • Unit : Hr of 60 Min
  • Press enter
  • Accept _ Yes

Creating Pay Heads

  • Gateway of Tally
    • Create
      • Payroll Masters
        • Pay Heads
  • Name : Basic
  • Pay Head Type : Earnings from Employees
  • Income Type : Fixed
  • Under : indirect expenses
  • Calculation Type : Flat Rate
  • Calculation Period : Months
  • Press Enter
  • Accept _ Yes
  • Name : DA
  • Pay Head Type : Earnings from Employees
  • Income Type : Fixed
  • Under : Indirect Expenses
  • Calculation Type : As Computed Value
  • Calculation Period : Months
  • Press Enter
  • Computed : On Specified Formula
  • Add Pay Head : Basic
  • End of List
  • Press Enter
  • Slab Type : Percentage
  • Value : 50%
  • Press enter
  • Accept _ Yes
  • Name : HRA
  • Pay Head Type : Earnings from Employees
  • Income Type : Fixed
  • Under : Indirect Expenses
  • Calculation Type : As Computed Value
  • Compute : On specified formula
  • Add Pay Head : Basic
  • Add Pay Head : DA
  • Press Enter
  • Slab Type : Percentage
  • Value : 20%
  • Press enter
  • Accept _ Yes
  • Name : TA
  • Pay Head Type : Earnings from Employees
  • Income Type : Fixed
  • Under : Indirect Expenses
  • Calculation Type : Flat Rate
  • Calculation Period : Months
  • Press Enter
  • Accept _ Yes
  • Name : Over Time
  • Pay Head Type : Earnings from Employees
  • Income Type : Fixed
  • Under : Indirect Expenses
  • Calculation Type : On Production
  • Production Type : Over Time
  • Press Enter, Accept _ Yes
  • Name : Gratuity
  • Pay Head Type : Gratuity
  • Under : Provisions
  • Accept_ Yes
  • Name : PF
  • Pay Head Type : Deduction from Employees
  • Under : Current Liabilities
  • Calculation Type : As computed value
  • Compute : On Specified formula
  • Add Pay Head : Basic
  • Add Pay Head : DA
  • End of List
  • Press Enter
  • Slab Type : Percentage
  • Value : 12%
  • Press enter
  • Accept _ Yes
  • Name : PT
  • Pay Head Type : Employee statutory deductions
  • Statutory Tax Type : Professional Tax
  • Registration Number : 565656
  • Under : Duties & Taxes
  • Calculation Period : Months
  • Compute : On Current Earnings Total
  • Now enter the table as per given in assignment

CREATING EMPLOYEE GROUP

  • Gateway of Tally
  • Create
  • Payroll Masters
  • Employee Group
  • Name : Accounts Dept
  • Accept _ Yes

CREATING EMPLOYEES

  • Gateway of Tally
    • Create
      • Payroll Masters
        • Employee
  • NAME: Tarak
  • UNDER : Accounts
  • Date of Joining : Enter the date
  • Define Salary Details : Yes
  • Press enter
  • enter the salary details here
  • Then after, enter the General information and statutory details of employee
  • press enter
  • Accept _ Yes

ENTERING ATTENDANCE VOUCHER

  • Gateway of Tally
  • Vouchers
  • Press F10 for list of voucher types
  • Payroll Vouchers:
  • Select Attendance voucher from the list, press enter
  • Enter the attendance of employee in this voucher
  • (or) Press CTRL + F to auto fill the attendance details

ENTERING PAYROLL VOUCHER

  • Press CTRL + F4 for payroll voucher
  • Press CTRL + F for auto fill
  • Type of Transaction : Payroll Auto fill
  • Process for : Salary
  • Enter the period
  • Employee group : Select the group or All items
  • Payroll / Bank / Cash Ledger : SBI
  • Press enter
  • Including employee have bank details : Yes
  • Accept _ Yes

REPORTS

  • Press ALT + G for GO TO
  • Payroll/ Payslip

SEE MORE

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