24 September 2018

How to pass manufacturing entry in Tally ERP9

If you are belongs to any manufacturing entity, you should learn accounting treatments for a manufacturing process. In Tally ERP9 you can easily create a manufacturing voucher mode to keep these records. Here is the step by step instruction (with pictures) stated below:
Root to the stock item (Step 1)

STEP 1: To create the finish goods, Go from Gateway of Tally  Inventory info. ➥  Stock Item  Create
Stock item creation (Step 2)



STEP 2: Here you can type the name of your prospective product / finish goods.
Configuration (Step 3)
STEP 3: Press F12  Set "Yes" for "Enable component list details (Bill of Materials)" and save
Enable BOM (Step 4)

STEP 4:  Set "Yes" for "Set Components (BOM)" and press enter.
Give a name of BOM (Step 5)

STEP 5: Enter a suitable name of the Component List, and Press enter.
Components list (Step 6)


STEP 6: In the "Unit of manufacture" field Put the number of quantities are manufactured with all those components you are going to list.  Now Set the components list required along with their quantities to produce the final Item.  Save all screens and back to the Gateway of Tally.
Root to the voucher type (Step 7)
STEP 7: From Gateway of Tally ➥ Accounts info.  Voucher Types  Create
Manufacturing Voucher Creation (Step 8)
STEP 8: Type the name "Manufacturing Entry" (or you can give another name)  Setect the "type of voucher" as "Stock journal"  Set "Yes" for "Use as a Manufacturing Journal"  and save.
Visit the Manufacturing Voucher (Step 9)

STEP 9: Now ensure you already have all the raw materials available, otherwise purchase those. Once you have all components to manufacture the final product , From Gateway of Tally  Accounting vouchers (or press "V")  Press "ALT + F7 Select "Manufacturing entry" (or whatever name you given) and press enter.

Pass Manufacturing Entry (Step 10) 
STEP 10: Select the product you want to manufacture in the " Name of Product" field  Enter how much unit you want to produce in the "Qty" field  All components should automatically entered, As you already prepared BOM for the finish goods, so now just press enter to skip all those.  If you also produces any Co product/ By Product/ Scrap along with the main item, then Select / Create the Item in the "Name of item" field (situated in right side).  Enter the number of produced Co product/ By Product/ Scrap in the "Quantity" field (situated in right side)  If any Additional cost incurs during the manufacturing process record it by selecting or creating the ledger in the "Type of Additional Cost" field (ledger should be under "Direct Expenses") & press enter  Put the percentage of the additional cost AND YOU ARE DONE!  Now you can save the Manufacturing Voucher.

[455 Words]
[Normal reading time 3min]

12 September 2018

P TAX RATE CHART FOR DIFFERENT STATES

Professional tax is a state level tax, hence every states has their own rates of P.Tax. However no state can recover more than Rs. 2500 per annum as P.Tax from any type of person.

Rate Chart of Professional Tax for Different States are given below:

Andhra Pradesh and Telangana
Salary (per month)
P.TAX (Amount in Rs.)
Upto Rs.15000
Nil
Rs.15001 to  Rs.20000
150
Rs.20000 and above
200

Assam
Salary (per month)
P.TAX (Amount in Rs.)
Upto Rs. 10,000
Nil
Rs. 10,001 to Rs. 15,000
150
Rs. 15001 to Rs. 24,999
180
Rs. 25,000 and above
208

Bihar
Salary (per month)
P.TAX (Amount in Rs.)
Upto Rs. 25,000
Nil
Rs. 25,001 to Rs. 41,666
83.33
Rs. 41,667 to Rs. 83,333
166.67
Rs. 83,334 and above
208.33

Goa
Salary (per month)
P.TAX (Amount in Rs.)
Upto Rs.15,000
Nil
Rs.15,001 to Rs.25,000
150
Rs.25001 and above
200

Gujarat
Salary (per month)
P.TAX (Amount in Rs.)
Less than Rs.5999
Nil
Rs.6000 to Rs.8999
80
Rs.9000 to Rs.11999
150
Rs.12000 & above
200

Jharkhand
Salary (per month)
P.TAX (Amount in Rs.)
Upto Rs.25,000
Nil
Rs.25,000 to Rs.41,666
100
Rs.41,667 to Rs. 66,666
150
Rs.66,666 to Rs. 83,333
175
Rs. 83,333 and above
208

Karnataka
Salary (per month)
P.TAX (Amount in Rs.)
Less than Rs.15000
Nil
Rs.15000 and above
200

Kerala
Salary (per half year)
P.TAX (Amount in Rs.)
Up to Rs.11999
Nil
Rs.12000 to Rs. 17999
120
Rs.18000 to 29999
180
Rs.30000 and Rs. 44999
300
Rs.45000 to Rs.59,999
450
Rs.60,000 to Rs. 74,999
600
Rs.75000 to Rs.99999
750
Rs.100000 to Rs. 124999
1000
Rs. 125000 and above
1250

Madhya Pradesh
Salary (per month)
P.TAX (Amount in Rs.)
Less than Rs. 18750
Nil
Rs.18750 to Rs.25000
125
Rs.25000 to Rs. 33333
167
Rs. 33333 & above
208 & 212

Maharashtra
Salary (per month)
P.TAX (Amount in Rs.)
Less than Rs.7500
Nil
Rs.7501 to Rs.10000
175 for Men & Nil for Women
Rs.10001 and above
300 for February
200 for rest of the months

Manipur
Salary (per month)
P.TAX (Amount in Rs.)
Up to Rs. 4250
Nil
Rs. 4251 to Rs.6250
100
Rs.6251 to Rs.8333
167
Rs.8334 to Rs. 10416
200
Rs.10417 & above
208 & 212

Meghalaya
Salary (per month)
P.TAX (Amount in Rs.)
Up to Rs.4166
Nil
Rs.4167 to Rs.6250
16.50
Rs.6251 to Rs.8333
25
Rs.8333 to Rs.12500
41.50
Rs.12501 to Rs. 16666
62.50
Rs.16667 to Rs. 20833
83.33
Rs.20834 to Rs. 25000
104.16
Rs.25001 to Rs. 29166
125
Rs.29,167 to Rs. 33,333
150
Rs.33334 to Rs. 37500
175
Rs.37501 to Rs. 41666
200
Above 41667
208

Odisha
Salary (per month)
P.TAX (Amount in Rs.)
Up to Rs.13304
Nil
Rs.13305 to Rs.25000
125
Rs.25001 and above
300 for February
200 for rest of the months

Punjab
Salary (per annum)
P.TAX (Amount in Rs.)
more than 2.5 Lakhs
200

Puducherry
Salary (per month)
P.TAX (Amount in Rs.)
Up to Rs.3500
Nil
Rs.3501 to Rs. 5000
16.66
Rs.5001 to Rs.9000
40
Rs.9001 to Rs.10000
150
Rs.10001 to Rs. 12,500
126.67
12501 and above
182.50

Sikkim
Salary (per month)
P.TAX (Amount in Rs.)
Up to Rs.20000
Nil
Rs.20001 to Rs.30000
125
Rs.30001 to Rs.40000
150
Rs.40000 & above
200

Tamil Nadu
Salary (per half year)
P.TAX (Amount in Rs.)
Upto Rs. 21000
Nil
Rs 21001 to Rs.30000
135
Rs.30001 to Rs.45000
315
Rs.45001 to Rs.60000
690
Rs.60001 to Rs. 75000
1025
Rs. 75001 and above
1250

Tripura
Salary (per month)
P.TAX (Amount in Rs.)
Up to Rs.5000
Nil
Rs.5001 to Rs.7000
70
Rs.7001 to Rs.9000
120
Rs.9001 to Rs.12000
140
Rs.12001 to 15000
190
Rs. 15001 and above
208

West Bengal

Salary (per month)
P.TAX (Amount in Rs.)
Up to Rs.10000
Nil
Rs.10001 to Rs.15000
110
Rs.15001 to Rs.25000
130
Rs.25001 to Rs.40000
150
Rs.40000 & above
200

[384 Words]
[Normal reading time 2min]