How to Create EDLI Contribution Pay Heads in Tally Prime?
Step: GOT > Create > Pay Heads > Enter
Ø After reaching by follow above step, fill all details to create EDLI contribution Pay Heads like,
· Name–Enter the name of statutory Contribution Pay Heads. like I Enter “Employer’s EDLI Contribution @0.5%”
· Pay head type – In this section different type of Pay heads are listed. Select “Employer’s Other Charges” from list to create Statutory Contribution Pay heads.
· Statutory pay type – In this section different type of Employee Statutory Contribution are listed. Select “EDLI Contribution (A/c No. 21)” from list to create Employer‘s EDLI contribution Pay heads.
· Under – Select “Current Liabilities” because EDLI contribution is Current Liabilities for Employer.
· Affect Net Salary – Set to this option “No” because EDLI Contribution 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 rate for employer in Tally prime.
Like I type “1/Jan/2021”.
· Slab Type – Select “Percentage” to Calculate EDLI value
· Value – Type Value of Percentage to calculate EDLI amount. Such as type “0.50%”.
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Fill all Above details in Pay heads screen to create EDLI Contribution Pay heads like following screenshot:
Ø Press Enter or Ctrl+A to save this screen.
EDLI Administration charges Pay Heads
