How do you create salary details for an employee?
Salary Details Configuration
- Go to Gateway of Tally > Payroll Info. >
- Select the required Employee/ Employee Group from the List of Groups/Employees.
- Press F12: Configure .
- Allow to Override Slab Percentage: To prevent changes made to slab percentages, set this option to No .
What is pay head in Tally ERP 9?
The salary components constituting an employee’s pay structure is called a Pay Head. A Pay Head may be an earning to the employee, or a deduction, which is recovered from his/her salary. The value of these pay heads could be either fixed or variable, for each payroll period.
How do you activate price level?
1.1. Create Price Levels
- Go to Gateway of Tally > F11: Features > F2: Inventory . The Company Operations Alteration screen appears.
- Set Use multiple price levels to Yes .
- Enter the Company Price Levels names.
- Press Ctrl+A to accept and return to the inventory features screen.
What is salary structure?
Salary structure refers to every detail of the offered compensation, along with the minute break-up of every component of the compensation. Any change introduced in the salary structure can bear on aspects, including tax exemptions that the employee intends on claiming.
What is price level and price list?
ERP9. A Price List refers to a list of items maintained by an organisation along with their price details. A price list is generally used by organisations which deal in multiple products.
What is level pricing?
What Is Price Level? Price level is the average of current prices across the entire spectrum of goods and services produced in an economy. In more general terms, price level refers to the price or cost of a good, service, or security in the economy.
How is salary package calculated?
How to Calculate your Take-Home Salary?
- In order to calculate your Take-Home Salary or Net Salary, follow these steps:
- Gross Salary= Basic Salary + HRA + Other Allowances.
- Alternatively,
- Gross Salary= CTC – (EPF + Gratuity)
- Taxable Income = Income (Gross Salary + other income) – Deductions.
What is a salary expense?
Salaries expense is the fixed pay earned by employees. The expense represents the cost of non-hourly labor for a business. It is frequently subdivided into a salaries expense account for individual departments, such as: Salaries expense – accounting department. Salaries expense – engineering department.
How to search particular amount in tally ERP 9?
– Press Shift + Enter on the selected stock item or stock group to see the next level of data on the same screen. – Press Enter on the selected stock group to show the next level of data in a new screen. – Press Alt + F1 (Detailed) in the Stock Summary report to view the next level of data for all the stock groups or items appearing in the report.
How do I install tally ERP 9?
Open Command Prompt .
How much does tally charge?
Download the app and set up the account. It’s a fairly quick and easy process.
How to select company in tally ERP 9?
Gateway of Tally → Press Alt+F3 → Alter