Payroll in Tally.ERP 9

Payroll Features of Tally.ERP 9

Features of Tally.ERP 9 Payroll

The key features of the Payroll functionality in Tally.ERP 9 are as follows:
·         It is fully integrated with accounts to give the benefits of simplified Payroll processing and accounting
·         It has user defined classifications and sub-classifications for comprehensive reporting. This may be related to the employees, employee groups, pay components, departments etc.
·         It provides the facility to create user-defined Earnings and Deductions Pay Heads
·         It allows flexible and user-definable criteria for simple or complex calculations
·         It allows the unlimited grouping of Payroll Masters
·         It supports user-defined production units i.e., attendance/ production/ time based remuneration units
·         It provides a flexible payroll processing period
·         It provides comprehensive cost centre as well as employee-wise costing reports
·         It ensures an accurate & timely Salary processing, Employee Statutory Deductions & Employer Statutory Contributions with the help of predefined processes
·         It provides auto-fill facility to expedite the Attendance, Payroll & employer contributions processes.
·         It facilitates an accurate computation and deduction of Income Tax, ESI, EPF, Professional Tax, Gratuity etc.
·         It helps in the generation of Statutory Forms & Challans for Income Tax, EPF & ESI, as prescribed.
·         It allows drill-down facility to voucher level for any kind of alteration
·         It facilitates computation of arrears pertaining to prior period(s)
·         It helps in tracking employee loan details.

Lets we know how to enable Payroll in TallyERP.9

Click below link to Download Free E-Book on Payroll

Part-1 | Part - 2

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