Hello 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 - 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
Incomes to credit
Deductions to debit
If you have form 16 then you don't need breakup on tally. It will become cumbersome
CAclubindia
