You can create an NPS (national Pension System) payable ledger to account for pension payment to retired employees.
To create the NPS Payable Ledger
1. Go to Gateway of Tally > Payroll Info. > Pay Heads > Create .
2. Enter the name of the ledger in the Name field.
3. Set the Pay head type as Not Applicable , from the list of Pay Head Types .
4. Set the ledger as under Current Liabilities from the List of Groups .
5. Press Enter to save.
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