Sometimes ago, we have seen payroll processing mechanism in tally.erp 9. Today, I will let you know to create PF deduction Master ledger in tally.ERP 9.
However before proceeding further you should also read to create attendance master to use payroll automated entries
An unit which is covered under the provision of Provident Fund Account is required to deduct Provident fund employees share from the salary payable to employee before payment of the Salary.
In Tally.erp 9 the provident fund mechanism is very simple and easy to manage.
Following article will help you to create deduction of employee’s contribution to provident fund in a very easy way.
To create Employees’ PF Deduction Pay Head,
Go to Gateway of Tally > Payroll Info. > Pay Heads > Create
- create a new pay head with the name “ Provident Fund staff “
- Set the information as shown under the pay head Info
Select specified formula under computation info for the purpose of compute.
This is necessary to include the pay head which should be subject to PF deduction. for e.g. PF is not allowed on HRA so only Basic and DA etc should be shown here.
Select specified formula as per below screen shot
Press Enter to accept.
This is just creation of master ledger for provident fund. you have still to learn how to process payroll entries so that you can prepare provident fund challan and how to pass automated entries so that provident fund deducted from the salary payable figures.We will see the same in near future.
Mahendra is founder and CEO of the I Vision Infotech, Authorised Tally Sales and Service Partner and helping Tally users to learn Tally and accounting free through this site
is there any option for making the automatic expenses in the final year, instead of putting the entries in every day. i mean automatic expenses
Dear Jay,
You need a customisation for the same.
My name is pinky .
i want to know how can i get salary certificate in tally erp9
Pinky,
Currently, there is no such facility in Tally however it will be available by end of Noveber, 2010. As soon as this service will be available, It will notified on the site
in which will come for opening Provident fund ledger
I want to know how can I get PF challan in Tally Erp 9
Shweta,
You haven’t mentioned your Tally.erp 9 serial number !
sir,
how to reconcilation ?
how to do salary entry in Tally?
priti
it is simple first post entry in journl voucher on due date and after that salary paid do it in payment voucher or you can use payroll option in tally.
where is the best instution in rajasthan about tdl learning.
How to enter CST in tally plz tel me sir , if possible send briefly abt my mail id