Creating Employee’s PF Deduction Pay Head (Payroll) in Tally ERP9
You need to create employee’s provident fund deduction pay head in Tally ERP9 as shown below.
Path: Gateway of Tally -> Payroll Info -> Pay Heads -> Create
Name: Employee’s EPF Deduction@12%
Pay head type: Select Employee’s Statutory Deductions from the list of pay head types
Statutory pay type: PF Account (A/c No.1)
Under: Select Current Liabilities from the list of groups
Affect net salary: Yes
Name to be displayed in payslip: Employee’s EPF Deduction
Currency of ledger: ₹
Calculation type: As Computed Value
Calculation period: Months
Rounding method: Normal Rounding
Limit: 1
Computation information
Compute: On specified formula and press enter
Function Pay Head
Add Pay Head Basic Pay
Specified formula: Basic Pay
Slab type: Percentage
Value: 12%
Press enter to save the screen
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