↑
waytosimple
  • Accounting
  • Tally ERP9
  • Tax
  • Payroll
  • SAP FICO
  • Digital Marketing
  • Must Know
  • Services
  • E-Books
  • 0 items₹0.00

Creating Pay Head for Income Tax Deduction (Payroll) in Tally ERP9

You need to create pay head for Income Tax deduction to record tax deduction.

 

Path: Gateway of Tally -> Payroll Info -> Pay Heads -> Create

 

 

 

 

Name: Income Tax

 

Pay head type: Select Employee’s Statutory Deductions from the list of pay head types

 

Statutory pay type: Income Tax

 

Under: Select Current Liabilities from the list of groups

 

Affect net salary: Yes

 

Name to be displayed in payslip: Income Tax

 

Currency of ledger: ₹

 

Calculation type: As Per Income Tax Slab

 

Rounding method: Upward Rounding

 

Limit: 1

 

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 (Basic Pay) Pay Head 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 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
  • Home
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • E-Books

Copy Right © 2023 waytosimple.com All Rights Reserved.