Creating (Basic Pay) Pay Head in Tally ERP9
Tally.ERP9 allows you to create pay heads to calculate employee earnings based on attendance and attendance type.
Path: Gateway of Tally -> Payroll Info -> Pay Heads -> Create
Name: Basic Pay
Pay head type: Select Earnings for Employees from the list of pay head types
Income type: Fixed
Under: Select Indirect Expenses from the list of groups
Affect net salary: Yes
Name to be displayed in payslip: Basic Pay
Currency of ledger: ₹
Use for calculation of gratuity: Yes, consider this for calculation of gratuity
Set/alter Income Tax details: Yes, once enable this option then the below screen will appear.
Calculation type: On attendance
Attendance/leave with pay: Not applicable
Leave without pay: Absent
Calculation Period: Months
Basis of calculation (Per day): As per calendar period
Rounding method: Normal rounding
Limit: 1
Press enter to save the screen
Income Tax component: Basic Salary
Tax calculation basis: On Projected value
Deduct TDS across Periods: Yes
Press enter to save the screen
Related Pages
- Enabling Payroll in Tally ERP9
- Creating Employee Categories in Tally ERP9
- Creating Employee Groups in Tally ERP9
- Creating Attendance Type (Payroll) in Tally ERP9
- Creating House Rent Allowance Pay Head (Payroll) in Tally ERP9
- Creating Conveyance Allowance Pay Head (Payroll) in Tally ERP9
- Creating Other Allowance Pay Head (Payroll) in Tally ERP9
- Creating Overtime Pay Head (Payroll) in Tally ERP9
- Creating Variable Pay Head (Payroll) in Tally ERP9
- Creating Salary Advance Deduction Pay Head (Payroll) in Tally ERP9
- Creating Pay Head for Income Tax Deduction (Payroll) in Tally ERP9
- Creating Employee’s PF Deduction Pay Head (Payroll) in Tally ERP9
- Creating Employee’s ESI Deduction Pay Head (Payroll) in Tally ERP9
- Creating Professional Tax Pay Head (Payroll) in Tally ERP9
- Creating Employer’s EPS Contribution Pay Head (Payroll) in Tally ERP9
- Creating Employer’s EPF Contribution Pay Head (Payroll) in Tally ERP9