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Course Overview

Acquire practical skills in Payroll and HR Management using Tally, from setting up payroll masters to generating detailed income tax reports.

Course Highlights:

• Foundational Knowledge of Payroll and Income Tax: Understand the basics of payroll systems and income tax regulations.
• Creating Payroll Masters in Tally: Learn how to efficiently set up and manage payroll structures and employee records within Tally.
• Configuring Statutory Pay Heads: Acquire expertise in configuring statutory pay components, such as PF, ESI, Gratuity, Professional Tax, and Income Tax, to ensure compliance with legal requirements.
• Processing Payroll with Income Tax Calculations: Master the steps needed to accurately process payroll, including calculating and deducting income tax.
• Generating Comprehensive Payroll and Income Tax Reports: Develop the skills to create detailed payroll and income tax reports, such as Income Tax Computation, Salary Projection, e-24Q, and ITR1, for insightful business analysis.
• Hands-On Experience with Real Business Scenarios: Apply your knowledge through practical exercises, solved illustrations, and practice scenarios in real-world contexts.

What You Will Learn

Course Content

• Module 1: Introduction to Payroll

  • Learning Objectives
  • Introduction to Payroll in Tally

• Module 2: Creation of Payroll Masters in Tally

  • Creation of Units (Work) and Attendance/Production
  • Pay Heads in Tally and Creation of Primary Pay Heads
  • Creation of Statutory Pay Heads
    • Provident Fund
    • Creation of Employer’s Other Charges Pay Heads for Provident Fund
    • Employees State Insurance
    • Professional Tax
    • Gratuity
    • Income Tax
  • Defining Salary Details
  • Income Tax Master Configuration
    • Income Tax Declaration
    • Payroll Income Tax Configuration

• Module 3: Processing Payroll with Income Tax

  • Payroll Vouchers and Process the User Defined Pay Heads and Salary.
  • Process the Statutory Pay Heads
  • Payment Vouchers and Payment of Salary and Provident Fund to PF Department
  • Payment of Employee State Insurance to ESI Department
  • Payment of Professional Tax to Department and Income Tax to IT Department

• Module 4: Payroll Reports

  • Employee Payroll Reports
  • Payroll Statutory Reports
  • Employee State Insurance
  • Professional Tax & Gratuity
  • Computation & Salary Projection
  • Challan Reconciliation & Income Tax Returns
  • Income Tax E-Return & Exceptions Reports
  • Conclusion
  • Key Answers & Practice Exercises
  • E-Quiz

Frequently Asked Questions (FAQs)

Course Enrolment

• 1. How do I enroll for an online course on Tally Education platform?

  To select an online course, click on the “Online Courses” option. This will take you to the list of courses available. Click the desired course and click on “Buy Now”. Fill in the necessary details and proceed for making the payment. Once payment is done successfully, you will receive the payment confirmation and credentials to access the digital course content on your registered email id.

• 2. What all does an online course include?

  Thorough information about the course and content incorporation is available on the respective Course page. Each course has different inclusion which may vary on the basis of the trainers and the topics covered. All the courses contain topics and concepts that are relevant to industry requirements and helpful in your career growth.