Features of Payroll in Tally.ERP 9

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 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 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’s Contribution processes.

  • It facilitates an accurate computation and deduction of Income Tax, Gratuity etc.

  • It helps in the generation of Statutory forms & challans for Income Tax, as prescribed.

  • It provides the facility to drill-down to the voucher level for any alteration

  • It facilitates computation of arrears pertaining to prior period(s)

  • It helps in tracking employee loan details