01. Payroll Introduction

Payroll Introduction

The term Payroll refers to a series of accounting transactions involved in the process of paying employees for the services rendered after taking all the statutory and non-statutory deductions into account, in conformance with the terms of employment, company policy and the law of the land i.e., payment of payroll taxes, insurance premiums, employee benefits and other deductions.

(पेरोल शब्द, रोजगार की शर्तों, कंपनी नीति और भूमि के कानून के अनुरूप, सभी सांविधिक और गैर-सांविधिक कटौती को ध्यान में रखकर सेवाओं के भुगतान के लिए कर्मचारियों को भुगतान करने की प्रक्रिया में शामिल लेखा लेनदेन की एक श्रृंखला को संदर्भित करता है यानी, पेरोल करों, बीमा प्रीमियम, कर्मचारी लाभ और अन्य कटौती का भुगतान।)

Step 1: Company Setup

Go to Company Info. > Create Company In the Company Creation screen,
The completed Company Creation screen is displayed as shown:
  

Step 2: Enable Payroll

Go to Gateway of Tally > Press F11: Company Features > press F1: Accounting Features In the F11: Accounting Features screen:

          Set Maintain Payroll to Yes

                     Set More than ONE Payroll / Cost Category to Yes

 Step 3: Enable Payroll Statutory Features

Go to Gateway of Tally > press F11: Company Features > press F3: Statutory & Taxation In F11: Statutory & Taxation Features screen:
                

                  Set Enable Payroll Statutory to Yes

                           Set Set/Alter Payroll Statutory Details to Yes

Press Enter

In the Payroll Statutory Details screen:

Enter the Provident Fund & Employee State Insurance details of the company as shown