Tally's statutory and taxation capabilities provide setup and functions relevant to statutory compliance for businesses. The characteristics of statutory are country-specific and vary by country. For statutory and taxes purposes, the following characteristics are available: Tax on Goods and Services (GST)
Tally Gateway > Show More Reports > Payroll Reports > Statutory Reports > Summary Or.
Tally Gateway > Show More Reports > Statutory Reports > Payroll Reports > Summary Alternately, press Alt+G (Go To) > type or pick Payroll Statutory Summary > Enter.
From the ledger creation/alteration screen, press F12: Configure.
Allow the generation of tax ledgers under other groups to be enabled.
Press Ctrl+A on your keyboard.
Allow Behave as Duties and Ledgers to be enabled.
Select the Duty/ Tax Type.
Depending on the type of duty selected, select the relevant tax information.
Payroll accounting is the process of calculating, managing, recording, and analysing the compensation of employees. It covers an employee's base income as well as various types of compensation earned during the course of their employment.