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Override Exemption Value in Tally.ERP 9

The Override Exemption Value allows the user to override either the Income Amount or Exemption Amount.

When Income Amount is Overriden for any Allowance, the Voucher Value will not be considered for Income Tax computation and the value specified in theOverride screen will be considered for the Income Tax.

When Exemption Amount is Overriden for any Allowance, the default Exemption available in the system will not be considered for the computation of Income Tax. The amount specified in the Override screen will be considered for Income Tax.

To specify the Override Details,

Go to Gateway of Tally > Payroll Info. > Income Tax Details > Override Exemption Value

  • Select the required Employee from the List of Employees

  • Select the required Allowance from the Income Tax Components

  • In Effective From field, specify the date from when the Override details are applicable

  • In the Ledger Name field, select the required Ledger / Pay Head from the List of Ledgers

  • In Override for field, select from Exempt, Income or Both

  • Enter the required amount in the Income Amount field

  • Enter the required Amount in the Exemption Amount field


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  • Press Enter to Accept and save

 
 
 
 
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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