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.