Creating Employer’s EPF Contribution Pay Head (Payroll) in Tally ERP9
You need to create employer’s EPF contribution pay head in Tally ERP9 as shown below.
Path: Gateway of Tally -> Payroll Info -> Pay Heads -> Create
Name: Employer’s EPF Contribution@3.67%
Pay head type: Select Employer’s Statutory Contributions from the list of pay head types
Statutory pay type: EPS Account (A/c No.1)
Under: Select Indirect Expense from the list of groups
Affect net salary: No
Currency of ledger: ₹
Calculation type: As Computed Value
Calculation period: Months
Rounding method: Normal Rounding
Limit: 1
Computation Information
Compute: On Specified Formula
Effective from: 01.04.2017
Enter the Employer’s EPF slab type and value as shown in the below screen
Press enter to save the screen
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