Course Overview
Course language :
English
Course Created By :
Tally Education
Payroll and Income Tax course is designed to equip learners with a profound understanding of Payroll and HR Management. This comprehensive course provides the learners with a thorough understanding of the intricacies involved in managing payroll processes and human resources using TallyPrime. It covers key topics such as Introduction to Payroll and Income Tax, Creation of Payroll Masters in Tally, configuration of statutory pay heads, processing payroll with income tax and generating payroll and income tax reports.
By engaging with the practical scenarios, learners will gain a deep understanding of business operations’ complexities and develop the confidence and skills to manage such transactions effortlessly in their daily work environment.
Features
Blended Learning Module
The blended learning module combines text-based materials with interactive video content, providing a comprehensive learning experience.
Interactive Learning Materials
Interactive learning materials includes a variety of resources such as explainer videos, tutorial videos, quizzes, and infographics, ensuring an engaging and effective learning journey.
Add-on Features
Grading and Assessment
Grading and assessment consist of various question types including multiple choice questions (MCQs), true or false, match the following, and image-based questions.
Verifiable Certificate
The course is designed in accordance with industry-preferred curriculum standards, known as competency frameworks. Upon completion, learners receive a digital certificate verified by Tally.
What You Will Learn
4.1 Introduction
4.2 Payroll in TallyPrime
- 4.2.1 Creation of Company and Activating Payroll
- 4.2.2 Introducing Capital into the Business
4.3 Creation of Payroll Masters in TallyPrime
- 4.3.1 Employee Masters
- 4.3.1.1 Employee Categories
- 4.3.1.2 Employee Group Master
- 4.3.1.3 Employee Master
- 4.3.2 Creation of Units (Work)
- 4.3.3 Attendance/Production Types
- 4.3.3.1 Attendance Type Creation
- 4.3.3.2 Employees Paid Leaves
- 4.3.4 Pay Heads in TallyPrime
- 4.3.4.1 Understanding Pay Head Types of TallyPrime
- 4.3.4.2 Understanding Pay Head Calculation Types in TallyPrime
- 4.3.4.3 Understanding Methods of Computation
- 4.3.5 Creation of Primary Pay Heads
- 4.3.5.1 Basic Pay
- 4.3.5.2 House Rent Allowance
- 4.3.5.3 Conveyance
- 4.3.5.4 Overtime
- 4.3.5.5 Canteen Deduction
- 4.3.6 Creation of Statutory Pay Heads
- 4.3.6.1 Provident Fund
- 4.3.6.2 Creation of Employer’s Other Charges Pay Heads for Provident Fund
- 4.3.6.3 Employees State Insurance
- 4.3.6.4 Professional Tax
- 4.3.6.5 Gratuity
- 4.3.6.6 Income Tax
- 4.3.7 Defining Salary Details
- 4.3.7.1 Defining Salary Details for an Employee
- 4.3.7.2 Defining Salary Details for an Employee Group
- 4.3.7.3 Cascading Salary Details from Employee Group to Employee Master
- 4.3.8 Income Tax Master Configuration
- 4.3.8.1 Income Tax Pay Head Details
- 4.3.8.2 Income Tax Declarations
- 4.3.8.3 Income Tax Exempt
- 4.3.8.4 Income Tax Amount
- 4.3.8.5 Payroll Income Tax Configuration
- 4.3.8.6 Previous Employer Tax Deducted/Paid Details
4.4 Processing Payroll with Income Tax
- 4.4.1 Attendance Vouchers
- 4.4.2 Payroll Vouchers
- 4.4.3 Payment Vouchers
4.5 Payroll Reports
- 4.5.1 Pay Slip
- 4.5.2 Pay Sheet
- 4.5.3 Attendance Sheet
- 4.5.4 Payment Advice
- 4.5.5 Payroll Statement
- 4.5.6 Employee Pay Head Breakup
- 4.5.7 Pay Head Employee Breakup
- 4.5.8 Payroll Register
- 4.5.9 Attendance Register
- 4.5.10 Employee Profile
- 4.5.11 Employee Head Count
- 4.5.12 Expat Reports
4.6 Payroll Statutory Reports
- 4.6.1 Summary
- 4.6.2 Provident Fund
- 4.6.3 Employee State Insurance
- 4.6.4 Professional Tax
- 4.6.5 Gratuity
- 4.6.6 Income Tax Reports
- 4.6.7 Challan Reconciliation (Income Tax Payment)
- 4.6.8 Income Tax Returns
- 4.6.9 Income Tax E-Return
- 4.6.10 Exceptions Reports
4.7 Conclusion
Key Takeaways
Shortcut Keys
Practice Exercises
Learning Journey
Shareable Certificate
Frequently Asked Questions (FAQs)
This course is highly recommended for working professionals and students who aspire to build a successful career in Finance, and Taxation or as an entrepreneur. To get enrolled for this course, one must have completed their Graduation.
To enroll in this course, you must be a working professional and have completed your graduation in any stream. The course is designed in the best and simplest way possible, aligned with the all-new Tally Prime software.
This certification program covers topics on Payroll and Income Tax. The content is aligned with current statutory requirements, making it highly preferred in the industry.
You can enroll in the course directly through our website. Once on the course page you can 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.
Debit Card/Credit Card/UPI Payments/Net Banking/ Payment Wallets are accepted.
The assessment is necessary to complete the course and attain the certificate which will help your career growth and enable you to showcase your key skills.
After successfully completing the course and meeting the stated assessment requirements, you will receive a digital certificate that can be verified on the Tally Education website.
For any issues or queries, you can contact our support team via email at content.support@tallysolutions.com.
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