How to Create PF 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 PF Admin Charge Pay Heads like,
· Name–Enter the name of other charges Pay Heads. like I Enter “PF Admin Charge @1.10%”
· Pay head type – In this section different type of Pay heads are listed. Select “Employer’s Other Charges” from list to create other charges Pay heads.
· Statutory pay type – In this section different type of Employer other charge are listed. Select “Admin Charges (A/c No. 2)” from list to create Employer‘s PF other charges Pay heads.
· Under – Select “Current Liabilities” because PF charges are Current Liabilities for
Employer.
· Affect Net Salary – Set to this option “No” because PF 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 PF Admin charge rate for employer in Tally prime. Like I type “1/Jan/2021”.
· Slab Type – Select “Percentage” to Calculate PF charges value
· Value – Type Value of Percentage to calculate PF amount. Such as type “1.10%”.
Ø
Fill all Above details in Pay heads screen to create PF Admin charge Pay heads like following screenshot:
Ø Press Enter or Ctrl+A to save this screen.
· Process 6: Define Salary Details
Part 1: Create/Define Salary Details
Salary details – Salary details use for Define structure of Salary of any persons or group of Persons or Department.
