Home Tally Prime How to Create Gratuity Earning Pay Heads in Tally Prime?

How to Create Gratuity Earning Pay Heads in Tally Prime?

2 min read
1
0
97

How to Create Gratuity Earning Pay Heads in Tally Prime?

Step: GOT > Create > Pay Heads > Enter

Ø After reaching by follow above step, fill all details to create Gratuity Pay Heads like,

· Name–Enter the name of Earning Pay Heads. like I Enter “Gratuity Expense”

· Pay head type – In this section different type of Pay heads are listed. Select “Gratuity”

from list to create Gratuity Pay heads.

Ø
After Selection of Gratuity Pay heads a new window appear in front of you like that screenshot:

Ø This is Gratuity calculation screen fill this screen by this way following screenshot:

Ø After filling it Press enter or Ctrl+A to save

· Under – Select “Provision” because Gratuity is Provision & Current Liabilities for Employer.

· Set/Alter Income tax details – Set to this option “No” Because Gratuity amount is exempted in Income tax.

· Rounding Method – Select any rounding method to round off Decimal portion of

Gratuity amount. Like I select “Normal Rounding”.

· Limit – Type Limit amount of rounding to round off according to limit. Like I type “1”.

Ø Fill all Above details in Pay heads screen to create Gratuity Pay heads like following screenshot:

· Press Enter or Ctrl+A to save this screen.

a) Variable Pay Earning Pay Heads

Load More Related Articles
Load More By amitgupta
Load More In Tally Prime

One Comment

  1. Nakliye

    October 24, 2023 at 1:41 am

    This design is steller! You most certainly know how to keep a reader entertained.

    Between your wit and your videos, I was almost moved to start
    my own blog (well, almost…HaHa!) Great job. I really loved what you had to say, and more than that, how you
    presented it. Too cool!

Leave a Reply

Check Also

What is Account Master & How to Create Modify and Delete

What is Account Master & How to Create Modify and Delete Administration > Masters &…