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

How to enter vouchers in double entry mode in Tally Prime ?