How to Create EDLI Admin Charge Pay Heads in Tally Prime?
Step: GOT > Create > Pay Heads > Enter
Ø After reaching by follow above step, fill all details to create EDLI Admin Charge Pay Heads like,
· Name–Enter the name of Other charges Pay Heads. like I Enter “EDLI Admin Charge @0.01%”
· Statutory pay type – In this section different type of Employer other charge are listed. Select “EDLI Admin Charges (A/c No. 22)” from list to create Employer‘s EDLI other charges Pay heads.
· Contribute minimum of Rs 2/employee – Set to “Yes” this option for contribution minimum Rs 2 for every employee.
· Under – Select “Current Liabilities” because EDLI charges are Current Liabilities for
Employer.
· Affect Net Salary – Set to this option “No” because EDLI Admin charge does not Affect
net Salary.
· Calculation Type – Automatic set “As Computed Value”
· Calculation Period –Automatic set “Months”.
· Rounding Method – Automatic set “Normal Rounding”.
· Limit – Automatic set limit “1”.
· Compute – Automatic set “On PF Gross”
· Effective from – Type Date from which you apply EDLI Admin charge rate for employer in Tally prime. Like I type “1/Jan/2021”.
· Slab Type – Select “Percentage” to Calculate EDLI charges value
· Value – Type Value of Percentage to calculate EDLI amount. Such as type “0.01%”.
Ø Fill all Above details in Pay heads screen to create EDLI Admin charge Pay heads like following screenshot:
Ø Press Enter or Ctrl+A to save this screen.
PF Administration charges Pay Heads
