Mohammed Shahid Rahman (Partner) (143 Points)
12 June 2023Hello all,
I receive salary under following heads and I have deductions also which is also given below.
My question is how do I enter this in Tally? Under what heads should I create the entries. Please help.
Income Heads
==================
Basic
HRA
Special Allowance
Overtime
Uniform Allowance
Transport Allowance
Efficiency Bonus
Monthly Bonus
Night Shift Allowance
Deduction Heads
===============
Provident Fund
ESI
Professional Tax
LWF
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 13 June 2023
sabyasachi mukherjee
(27574 Points)
Replied 13 June 2023
Mohammed Shahid Rahman
(Partner)
(143 Points)
Replied 13 June 2023
@ CA Raj Doshi - Both Income and deduction should come under Capital A/c?
How do I create and entry? What to debit and what to credit ?
Should I create following ledgers in Direct Income:
Basic, HRA, Special Allowance, Overtime, Uniform Allowance, Transport Allowance, Efficiency Bonus, Monthly Bonus, Night Shift Allowance
AND
Following in Indirect Expenses:
Provident Fund, ESI, Professional Tax, LWF, TDS Deducted
I am new to Tally. Plz help
Read more at: https://www.caclubindia.com/forum/how-to-enter-salary-received-tally-600071.asp#reply
Read more at: https://www.caclubindia.com/forum/how-to-enter-salary-received-tally-600071.asp#reply
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 13 June 2023
Incomes to credit
Deductions to debit
If you have form 16 then you don't need breakup on tally. It will become cumbersome
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