ASSIGNMENT
Enable required features of Payroll and create the following
- Create units (work) for payroll: Hour, Minute
- Create compound unit : 1 Hour = 60 Min
- Create attendance type
- Sick Leave (Leave with pay)
- Absent (Leave without pay)
- Overtime (Production)
- 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
- Create employee group
- Category : Employee
- Name : Accounts
- 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)
- 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)
- Units (work)
- Payroll Masters
- 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
- Attendance / Production Type
- Payroll Masters
- 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
- Payroll Masters
- Create
- 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
- Payroll Masters
- Create
- 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
