Payroll Features of Tally.ERP 9
Features of Tally.ERP 9 Payroll
The key features of the Payroll functionality in Tally.ERP 9 are as follows:
· It is fully integrated with accounts to give the benefits of simplified Payroll processing and accounting
· It has user defined classifications and sub-classifications for comprehensive reporting. This may be related to the employees, employee groups, pay components, departments etc.
· It provides the facility to create user-defined Earnings and Deductions Pay Heads
· It allows flexible and user-definable criteria for simple or complex calculations
· It allows the unlimited grouping of Payroll Masters
· It supports user-defined production units i.e., attendance/ production/ time based remuneration units
· It provides a flexible payroll processing period
· It provides comprehensive cost centre as well as employee-wise costing reports
· It ensures an accurate & timely Salary processing, Employee Statutory Deductions & Employer Statutory Contributions with the help of predefined processes
· It provides auto-fill facility to expedite the Attendance, Payroll & employer contributions processes.
· It facilitates an accurate computation and deduction of Income Tax, ESI, EPF, Professional Tax, Gratuity etc.
· It helps in the generation of Statutory Forms & Challans for Income Tax, EPF & ESI, as prescribed.
· It allows drill-down facility to voucher level for any kind of alteration
· It facilitates computation of arrears pertaining to prior period(s)
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