Creating Employer’s EPS Contribution Pay Head (Payroll) in Tally ERP9
You need to create employer’s EPS contribution pay head in Tally ERP9 as shown below.
Path: Gateway of Tally -> Payroll Info -> Pay Heads -> Create
Name: Employer’s EPS@8.33%
Pay head type: Select Employer’s Statutory Contributions from the list of pay head types
Statutory pay type: EPS Account (A/c No.10)
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 EPS rates as shown in the above screen
Press enter to save the screen
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