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, ESI, EPF, NPS, Professional Tax, Gratuity etc.
It helps in the generation of Statutory forms & challans for Income Tax, EPF & ESI, 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