Tally Payroll - Mastering Payroll Management and TDS Compliance

• In this course, you will learn to:
• Define the setup process for payroll in Tally Prime 3.0
• Identify the components of a payroll cycle within Tally
• Organize payroll data in Tally, including earning and deduction components
• Summarize the setup of employee master details in Tally, both general and statutory
• Explain the process of payroll transactions in Tally, including salary computation
• Compare different statutory features related to payroll management in Tally
• Reorganize payroll transactions to include statutory deductions such as Provident Fund and ESI
• Demonstrate the configuration of income tax parameters in Tally for salary calculations
• Modify payroll transactions to include overtime pay and other adjustments
• Find and apply Tally's features for generating statutory reports related to payroll
• Predict the implications of different tax regimes on payroll management in Tally
• Examine Tally's features for advanced TDS transactions, such as payments to contractors and professionals
• Differentiate between different types of TDS returns and reports generated in Tally

• At the end of this course, learners will be able to:
• Interpret the steps involved in setting up payroll in Tally Prime 3.0
• Illustrate the components of a payroll cycle within Tally
• Paraphrase the process of organizing payroll data in Tally, including earnings and deduction components
• Transform employee master details in Tally, both general and statutory,
• Defend the importance of using various types of payroll vouchers in Tally
• Compare different statutory features related to payroll management in Tally to optimize compliance
• Rewrite payroll transactions in Tally to include overtime pay and other adjustments
• Construct statutory reports related to payroll using Tally's features
• Estimate the implications of different tax regimes on payroll management in Tally
• Illustrate Tally's functionalities for handling TDS compliance across various nature of payments for tax efficiency
• Contrast different types of TDS returns and reports generated in Tally
• Combine payroll data in Tally to generate comprehensive reports for management decision-making
• Predict future trends in payroll management using Tally's advanced features and functionalities

The academic approach of the courses focuses on the “work-centric” education i.e. begin with work (and not from a book!), derive knowledge from work and apply that knowledge to make the work more wholesome, useful and delightful. The ultimate objective is to empower the Learner to engage in socially useful and productive work. It aims at leading the learner to his/her rewarding career as an employee or entrepreneur as well as development of the community to which s/he belongs. Learning methodology:

• Step -1: Learners are given an overview of the course and its connection to life and work.
• Step -2: Learners are exposed to the specific tool(s) used in the course through the various real-life applications of the tool(s).
• Step -3: Learners are acquainted with the careers and the hierarchy of roles they can perform at workplaces after attaining increasing levels of mastery over the tool(s).
• Step -4: Learners are acquainted with the architecture of the tool or tool map so as to appreciate various parts of the tool, their functions, utility and inter-relations.
• Step -5: Learners are exposed to simple application development methodology by using the tool at the beginner’s level.
• Step -6: Learners perform the differential skills related to the use of the tool to improve the given ready-made industry-standard outputs.
• Step -7: Learners are engaged in appreciation of real-life case studies developed by the experts.
• Step -8: Learners are encouraged to proceed from appreciation to imitation of the experts.
• Step -9: After the imitation experience, they are required to improve the expert’s outputs so that they proceed from mere imitation to emulation.
• Step-10: Emulation is taken a level further from working with differential skills towards the visualization and creation of a complete output according to the requirements provided. (Long Assignments)
• Step-11: Understanding the requirements, communicating one’s own thoughts and presenting are important skills required in facing an interview for securing a work order/job. For instilling these skills, learners are presented with various subject-specific technical as well as HR-oriented questions and encouraged to answer them.
• Step-12: Finally, they develop the integral skills involving optimal methods and best practices to produce useful outputs right from scratch, publish them in their ePortfolio and thereby proceed from emulation to self-expression, from self-expression to self-confidence and from self-confidence to self-reliance and self-esteem!

Evaluation Pattern of KLiC Courses consists of 4 Sections as per below table:

YCMOU Mark Sheet

Printed Mark Sheet will be issued by YCMOU on successful completion of Section 1, Section 2 and Section 3 and will be delivered to the learner by MKCL.
YCMOU Mark Sheet will be available only for Maharashtra jurisdiction learners

MKCL's KLiC Certificate

The certificate will be provided to the learner who will satisfy the below criteria:

1. Learners who have successfully completed above mentioned 3 Sections i.e. Section 1, Section 2 and Section 3
2. Additionally, learner should have completed Section 4 (i.e. Section 4 will comprise of SUPWs i.e. Socially Useful and Productive Work in form of Assignments)
   • Learner has to complete and upload minimum 2 out of 5 Assignments