Creating User Defined Earnings Pay Head in Tally.ERP 9
To create User Defined Earnings Pay Heads for which the Values will be entered at the time of processing the Payroll (e.g. Variable Pay),
Go toGateway of Tally > Payroll Info. > Pay Heads > Create
Enter Pay Head name in theNamefield
SelectEarnings for Employeesas thePay Head Typefrom the list ofPay Head Type
Select theIncomeTypefor the Pay Head
There are two Income Types: Fixed and Variable
Pay Heads categorised under theIncome Type-Fixed, form a part of the employee’sTotal Gross Salary. For example:Basic Pay
Pay Heads categorised under theIncome Type-Variable, form a part of the employee’sTotal Earningsonly. For example:Overtime Wages
SelectIndirect Expensesfrom theList of Groupsin theUnderfield
By default,Affect Net Salaryis set toYes. TypeNo, if you do not want this component to be included in the Pay Slip
By default, the Pay Head component name entered in theNamefield will appear in the Pay Slip, if you want to change the default pay head component name then type required name inName to appear in Payslipfield
By default,Use for Gratuityis set toNo. Set this toYes, if you want this Pay Head to be considered for Gratuity calculation
InTax Calculation BasisselectOn Actual Valuefor User Defined Pay Heads as the amount will be different in each month so the Tax should be rationalised accordingly and spread across the remaining period. If value of pay head is fixed in nature then selectOn Projected Value.
SetDeduct TDS across Period(s)to Yes to deduct Tax across the remaining period. If set toNo, entire tax will be deducted in the same month.
In theCalculation Typefield selectAs User Defined Valuefrom theList of Calculation.
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