10.1 Introduction
10.2 Payroll in TallyPrime
10.2.1 Creation of Company and Activating Payroll
10.2.2 Introducing Capital into the Business
10.3 Creation of Payroll Masters in TallyPrime
10.3.1 Employee Masters
10.3.1.1 Employee Categories
10.3.1.2 Employee Group Master
10.3.1.3 Employee Master
10.3.2 Creation of Units (Work)
10.3.3 Attendance /Production Types
10.3.3.1 Attendance Type Creation
10.3.3.2 Employees Paid Leaves
10.3.4 Pay Heads in TallyPrime
10.3.4.1 Understanding on Pay Head Types of TallyPrime
10.3.4.2 Understanding on Pay Head Calculation types in TallyPrime
10.3.4.3 Understanding on Methods of Computation
10.3.5 Creation of Primary Pay heads
10.3.5.1 Basic Pay
10.3.5.2 House Rent Allowance
10.3.5.3 Conveyance
10.3.5.4 Overtime
10.3.5.5 Canteen Deduction
10.3.6 Creation of Statutory Pay heads
10.3.6.1 Provident Fund
10.3.6.2 Creation of Employer’s Other Charges Pay heads for Provident Fund
10.3.6.3 Employees State Insurance
10.3.6.4 Professional Tax
10.3.6.5 Gratuity
10.3.6.6 Income Tax
10.3.7 Defining Salary Details
10.3.7.1 Defining Salary Details for an Employee
10.3.7.2 Defining Salary Details for an Employee Group
10.3.7.3 Cascading Salary Details from Employee Group to Employee Master
10.3.8 Income Tax Master Configuration
10.3.8.1 Income Tax Pay Head Details
10.3.8.2 Income Tax Declarations
10.3.8.3 Income Tax Exempt
10.3.8.4 Income Tax Amount
10.3.8.5 Payroll Income Tax Configuration
10.3.8.6 Previous Employer Tax Deducted/Paid Details
10.4 Processing Payroll with Income Tax
10.4.1 Attendance Vouchers
10.4.2 Payroll Vouchers
10.4.3 Payment Vouchers
10.5 Payroll Reports
10.5.1 Pay Slip
10.5.2 Pay Sheet
10.5.3 Attendance Sheet
10.5.4 Payment Advice
10.5.5 Payroll Statement
10.5.6 Employee Pay Head Breakup
10.5.7 Pay Head Employee Breakup
10.5.8 Payroll Register
10.5.9 Attendance Register
10.5.10 Employee Profile
10.5.11 Employee Head Count
10.5.12 Expat Reports
10.6 Payroll Statutory Reports
10.6.1 Summary
10.6.2 Provident Fund
10.6.3 Employee State Insurance
10.6.4 Professional Tax
10.6.5 Gratuity
10.6.6 Income Tax Reports
10.6.7 Challan Reconciliation (Income Tax Payment)
10.6.8 Income Tax Returns
10.6.9 Income Tax E-Return
10.6.10 Exceptions Reports
Conclusion
Key Takeaways
Shortcut Keys
Practice Exercises