What is Payroll in TallyPrime?
Payroll in TallyPrime is a module integrated to make the management and processing of salaries and statutory compliance easier to manage within the business organization of all sizes. The TallyPrime has in-built functions enabling organizations to automate the payment of salaries, attendance, deductions, creates payslips and remains compliance with government policies such as PF, ESI, and income tax.
Benefits of Payroll in TallyPrime
Automated Payroll Calculations
Basic pay, HRA, allowances, PF, and tax deduction are all automatically computed in the calculation of salaries, further eradicating human errors and wasting time.
Customizable Salary Structures
The businesses are able to develop custom salaries that are based on the work of different employees; thus, compensation is easier to manage.
Simplified Statutory Compliance
TallyPrime makes sure that all the statutory requirements that go hand in hand with payroll, like PF, ESI, PT, and TDS, are estimated and documented to the government standards.
Accurate Payslip Generation
TallyPrime enables bulk payslip generation for all employees, including detailed breakdowns of salary components and
deductions.
Attendance & Leave Integration
You may create a list of attendance types (e.g., present, absent, and leave) and even connect it with the payroll so that the salary is calculated appropriately.
Effortless Payroll Reporting
Generate insightful reports such as pay sheets, employee ledger, and employee-wise salary register for audit and HR
purposes.
How to Enable Payroll in TallyPrime?
Before you begin using payroll features, you need to activate them:
- Go to Gateway of Tally > F11 (Features) > Payroll Configuration.
- Set “Maintain Payroll” to Yes.
- Enable Statutory Features (like PF, ESI, etc.) by setting “Enable Statutory and Taxation” to Yes.
- Save the settings and restart Tally if required.
As soon as it is activated, you can see the Payroll Info menu in the Gateway of Tally, where you can set up employee information, pay scales, and other payroll options.
Payroll TallyPrime Management Features
Payroll Accounting & Salary Process
TallyPrime automates salary computation and records salary payments into the accounting system, ensuring accurate financial tracking without needing separate journal entries.
Multiple Employee Grouping
Employees can be metalized by department or designation wise, which allows easy management, filtering, and reporting for HR and finance teams.
Flexible Attendance Types
Create and link attendance types with salary components, enabling attendance-based payroll processing—ideal for companies with shift workers or daily wage earners.
Statutory Compliance in Payroll
TallyPrime comes with in-built statutory modules to manage PF, ESI, TDS, and Professional Tax. It also supports electronic filing and statutory report generation.