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Creating Income Tax Deduction Pay Head in Tally.ERP 9

To create the Income Tax Deduction Pay Head,

Go to Gateway of Tally > Payroll Info. > Pay Heads > Create

  1. Enter Pay Head name in the Name field

  2. Select Employees' Statutory Deduction as the Pay Head Type from the List of Pay Head Types.

  3. Select Statutory Pay Type as Income Tax

  4. Select Current Liabilities from the List of Groups in the Under field

  5. By default, Affect Net Salary is set to Yes

  6. By default, the Pay Head component name entered in the Name field will appear in the Pay Slip, if you want to change the default pay head component name then type  required name in Name to appear in Payslip field

  7. In the Calculation Type field is defaulted to As per Income Tax Slab

  8. Select the appropriate Calculation Period from the List of Calculation Periods.

Note: To process salary weekly, fortnightly or daily along with TDS, day wise option should be selected as Calculation Period.


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  1. Press Enter to accept.

Note: Currently, the Income Tax Amount for the Employees needs to be calculated separately and entered while processing the payroll Voucher.

 
 
 
 
Tally.ERP 9 Reference Manual LIBRARY
1.
Installation of Tally.ERP9
2.
Site Licensing of Tally.ERP9
3.
Shortcut Keys in Tally.ERP9
4.
Maintaining Company Data
5.
Creating Masters
5a. Accounts Information [Creating Masters]
5b. Inventory Information [Creating Masters]
6.
Voucher Entry
7.
Reports in Tally.ERP9
8.
Excise for Dealer
9.
Excise for Manufacturer
10.
Reports [ Excise for Manufacturer]
11.
Excise for Importer
12.
Service Tax in Tally.ERP9
13.
Tax Collected at Source (TCS) in Tally.ERP9
14.
Tax Deducted at Source (TDS) in Tally.ERP9
15.
Value Added Tax (VAT) in Tally.ERP9
16.
Central Sales Tax (CST) in Tally.ERP9
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
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