PAyroll in Tally primeEstablishing payroll policy and process within the organisation

Payroll is the process of paying compensation to a company’s employees for work done in a certain period of time.
It is a critical business function that involves multiple departments like finance and HR.
The process of payroll involves managing employee information,
tracking working hours and making timely salary payments.

1. Introduction Payroll is the process of paying compensation to a company’s employees for work done in a certain period of time. It is a critical business function that involves multiple departments like finance and HR. The process of payroll involves managing employee information, tracking working hours and making timely salary payments.

2. Functions of Payroll Establishing payroll policy and process within the organisation Defining pay slip components like basic & variable pay, HRA, LTA and more Calculation of gross salary, statutory and non-statutory deductions like PF, taxes, etc Releasing salary and payslips to employees Depositing dues like TDS, and PF with appropriate authorities Accounting for payroll-related expenses

3. Introduction to Payroll in Tally

4. How to Enable Payroll in Tally Prime

5. Enable Payroll Statutory Details

6. Set up Payroll Masters

7. Create Employee Masters Employee Group Employee

8. Create Payroll Masters Simple unit Payroll Compound Unit Payroll

9. Attendance/Production Types

10. Create Pay heads Earnings Deduction

11. Create Salary Details

12. Process Salary

13. Generate Salary Slip

14. Payroll Reports

15. Summary