Name : Basic Pay
Pay Head Type: Earning for Employees
Income Type: Fixed
Under: Indirect Expenses
Affect Net Salary: Yes
Use for Calculation of Gratuity: Yes
Calculation Type: On attendance
Attendance with Pay : Present
Calculation Period: Months
Basis of calculation: As per calendar period
Rounding Method: Normal rounding
Name: HRA
Pay Head Type: Earning for Employees
Income Type: Fixed
Under: Indirect Expenses
Affect Net Salary: Yes
Use for Calculation of Gratuity: No
Calculation Type: As computed value.
Rounding Method: Normal rounding
Computation Info
Compute: On specific Formula
Add Pay Head: Basic Pay
Slab Type: Percentage
Value: 20 %
Name : DA
Pay Head Type: Earning for Employees
Income Type: Fixed
Under: Indirect Expenses
Affect Net Salary: Yes
Use for Calculation of Gratuity: No
Calculation Type: As computed value.
Rounding Method: Normal rounding
Computation Info
Compute: On specific Formula
Add Pay Head: Basic Pay
Slab Rate: Percentage
Value : 40 %
Name :Transport Allowance (TA)
Pay Head Type: Earning for Employees
Income Type : Fixed
Under : Indirect Expenses
Affect Net Salary : Yes
Use for Calculation of Gratuity : No
Calculation Type : As computed value
Rounding Method: Normal rounding
Computation Info gm
Compute : On specific Formula
Add Pay Head : Basic Pay
Slab Rate : Percentage
Value : 10 %
Name : Bonus
Pay Head Type: Earning for Employees
Income Type : Fixed
Under : Indirect Expenses
Affect Net Salary : Yes
Use for Calculation of Gratuity : No
Calculation Type : Flat Rate
Calculation Period: Monthly
Name :Provident Funs (PF) b741
Pay Head Type: Deduction from Employees
Under : Current Liability
Affect Net Salary : Yes
Calculation Type : As computed value
Rounding Method : Normal rounding
Computation Info
Compute : On specific Formula
Add Pay Head : Basic Pay
Slab Rate : Percentage
Value : 12%
Name : ESIC
Pay Head Type: Deduction from Employees
Under : Current Liability
Affect Net Salary : Yes
Calculation Type : As computed value
Rounding Method : Normal rounding
Computation Info
Compute : On specific Formula
Add Pay Head : Basic Pay
Add Pay Head : DA
Slab Rate : Percentage
Value : 3%
Name : Over Time
Pay Head Type: Earning for Employees
Income Type : Fixed
Under : Indirect Expenses
Affect Net Salary : Yes
Use for Calculation of Gratuity : No
Calculation Type : On production
Production type : Over time
Create Employees in Tally Prime
Gateway of Tally > Create > Payroll Masters >Employ
Employee Creation Window
Name : Rajesh Saxena
Under : Marketing
DOJ : 1st April 2021
Define Salary Details : Yes
Salary Detail Window
Pay Head
Basic Pay :20000
DA:
HRA:
Transport Allowance (TA)
Bonus: 1000
Overtime: 50(Rate)
Provident Fund (PF)
ESIC