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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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