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
Press enter to save the screen
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