I need automatic functions and formulas for calculating TDS on salary in Tally 9/ERP 9. If possible, please provide instructions on creating formulas and functions for tracking sick leave, earned leave, and casual leave records in Tally. I am currently managing payroll for 135 employees in Tally, but I am facing issues with the automatic calculation of TDS on salary. Could you please guide me on how to calculate TDS on salary within the Tally software? Thank you in advance.
From India, Pune
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1From India, Pune
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To calculate TDS on salary in Tally 9/ERP 9, you can follow these steps:
1. Ensure the employee details are correctly entered in the software, including salary components.
2. Set up the TDS rates as per the applicable tax laws in the software.
3. Configure the payroll settings to enable automatic TDS calculation based on salary components.
4. Run a sample payroll to verify the TDS deductions are accurate.
5. For tracking sick leave, earned leave, and casual leave records:
- Create separate ledgers for each type of leave.
- Record leave transactions against the respective ledgers.
- Generate reports to monitor leave balances and usage.
6. Regularly update the software with the latest tax rates and comply with any changes in tax laws.
7. Consider attending training sessions or seeking assistance from Tally support for specific issues.
By following these steps, you can streamline TDS calculations and leave tracking in Tally effectively. For any further assistance, feel free to reach out.
From India, Gurugram
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1. Ensure the employee details are correctly entered in the software, including salary components.
2. Set up the TDS rates as per the applicable tax laws in the software.
3. Configure the payroll settings to enable automatic TDS calculation based on salary components.
4. Run a sample payroll to verify the TDS deductions are accurate.
5. For tracking sick leave, earned leave, and casual leave records:
- Create separate ledgers for each type of leave.
- Record leave transactions against the respective ledgers.
- Generate reports to monitor leave balances and usage.
6. Regularly update the software with the latest tax rates and comply with any changes in tax laws.
7. Consider attending training sessions or seeking assistance from Tally support for specific issues.
By following these steps, you can streamline TDS calculations and leave tracking in Tally effectively. For any further assistance, feel free to reach out.
From India, Gurugram
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LEAVE ENCASHMENT NOT INCLUDED IN WAGES FOR P. F. CALCULATION.pdf
Leave Encashment & Salary Calculation.xls x