Tally Prime Payroll Deduction
Deduction
1.) Canteen
2.) Advance Salary
3.) Employee Provident Fund
4.) Employee State Insurance
5.) Employee NPS Tier-1 @ 10%
6.) Income Tax Professional Tax
7.) Professional Tax
1.) Step Canteen Create
Name:- Canteen
Pay Head Type:- Deductions From Employees
Under:- Current Liabilities
Affect Net Salary:- Yes
Name to be Displayed in Payslip:- Canteen
Calculation Type:- As User Defined Value.
2.) Step Advance Salary Create
Name:- Advance Salary
Pay Head Type:- Loans and Advances
Under:- Loans & Advances (Asset)
Affect Net Salary:- Yes
Name to be Displayed in Payslip:- Advance Salary
Calculation Type:- As User Defined Value
3.) Step Employee Provident Fund Create
Name:- Employee Provident Fund
Pay Head Type:- Employee Statutory Deductions
Statutory Pay Type:- PF Account (A/C No.1)
Under:- Current Liabilities
Affect Net Salary:- Yes
Name to be Displayed in Payslip:- EPF
Calculation Period:- Months
Rounding Method:- Normal Rounding
Limit:- 1
Compute:- On Specified Formula
Add Pay Head:- Basic Salary
Add Pay Head:- Dearness Allowance
Effective From:- 1-Apr-23
Slab Type:- Percentage
Value:- 12%
4.) Step Employee Sate Insurance Create
Name:- Employee State Insurance
Pay Head Type:- Employee's Statutory Deductions
Statutory Pay Type:- Employee State Insurance
Under:- Current Liabilities
Affect Net Salary:- Yes
Name to be Displayed in Payslip:- ESI
Calculation Type:- As Computed Value
Calculation Period:- Months
Round Method:- Normal Rounding
Limit:- 1
Compute:- On Specified Formula
Add Pay Head:- Basic Salary
Add Pay Head:- Dearness Allowance
Add Pay Head:- House Rent Allowance
Add Pay Head:- Conveyance Allowance
Add Pay Head:- Over Time
Effective:- 1-Apr-23
Slab Type:- Percentage
Value:- 1.75%
5.) Step Employee NPS Tier-1 @ 10% Create
Name:- Employee NPS Tier-1@ 10%
Pay Head Types:- Employee's Statutory Deductions
Statutory Pay Type:- National Pension Scheme (Tier-1)
Under:- Current Liabilities
Affect Net Salary:- Yes
Name to be Displayed in Payslip:- NPS
Calculation Type:- As Computed Value
Calculation Period:- Months
Rounding Method:- Normal Rounding
Limit:- 1
Compute:- On Specified Formula
Add Pay Head:- Basic Salary
Add Pay Head:- Dearness Allowance
Effective:- 1-Apr-23
Slab Type:- Percentage
Value:- 10%
6.) Income Tax Create
Name:- Income Tax
Pay Head Type:- Employee's Statutory Deductions
Statutory Pay Type:- Income Tax
Under:- Current Liabilities
Affect Net Salary:- Yes
Name to be Displayed In Payslip:- Income Tax
Calculation Type:- As Per Income Tax Slab
Calculation Period:- Month
Rounding Method:- Upward Rounding
Limit:- 1
7.) Step Professional Tax Create
Pay Head Type:- Employee's Statutory Deductions
Statutory Pay Type:- Professional Tax
Registration Number:- ASCx1223 (कंपनी प्रोवाइड करती है The Company Provide)
Under:- Current Liabilities
Affect Net Salary:- Yes
Name to be Displayed in Pay Slip:- Professional Tax
Calculation Type:- As Computed Value
Calculation Period:- Month
Rounding Method:- Normal Rounding
Limit:-1
Compute:- On Current Sub Total
Amount Up To:- 15001 (15000 से ऊपर रहता है तब Professional Tax लगता है)
Slab Type:- Value
Value:- 0
Amount Greater Than:- 15001
Slab Type:- Value
Value:- 130
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