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%”.

Ø
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