Category: Tally ERP 9 Training
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Ultimate Guide to Filing ITRβ3 for AY 2025β26 (FY 2024β25)
For Professionals, Business Owners, Traders, and High-Income Earners π What is ITR-3 and Who Should File It? ITRβ3 is the Income Tax Return form applicable to individuals and Hindu Undivided Families (HUFs) who earn income from: β What’s New in ITRβ3 for AY 2025β26 π§Ύ Documents Required π₯οΈ How to File ITRβ3: Step-by-Step Process π…
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100 Ledger Examples in Tally with Correct Groups β Complete Guide for Beginners
Here is a list of 100 practical ledger examples commonly used in Tally (ERP 9 / Prime), along with the correct group classification under which each ledger should be created. This is extremely useful for learners, accountants, and professionals managing accounts setup in Tally. π Ledger Creation Examples in Tally with Group Classification S.No Ledger…
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100 Sample Voucher Entries for Tally ERP and Tally Prime
If you’re learning Tally ERP or TallyPrime and want to master voucher entry, you’re in the right place. In this article, weβve compiled 100 real-world voucher entry examples covering all essential transaction types used in accounting. Whether you’re a student, trainer, or accounting professional, this ready-to-use dataset will help you: The examples include: πΎ Bonus:…
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ITR Filing AY 2025-26: Step-by-Step Guide with Tax Regime Comparison
Letβs understand Income Tax Return (ITR) Filing for Assessment Year (AY) 2025-26 (FY 2024-25) in detail with examples for salaried individuals at different income levels: βΉ5L, βΉ10L, βΉ12L, βΉ16L, and βΉ20L. β Basic Concepts: πΈ AY 2025-26 = Financial Year 2024-25 Income earned from 1st April 2024 to 31st March 2025 is filed as ITR…
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Tally Prime Download: Features, Benefits & Why Itβs a Must-Have for Modern Businesses
In todayβs fast-paced and regulation-heavy business environment, having a powerful, user-friendly accounting software isnβt a luxuryβitβs a necessity. Tally Prime, the latest evolution from the house of Tally Solutions, delivers just that. If you’re looking for an easy and compliant way to manage your finances, inventory, GST, payroll, and moreβTally Prime is your answer. In…
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Automated GSTR-1 Filing Excel Template with Dashboard & GST Upload Format
Creating a template in Excel for GSTR-1 calculation can significantly ease your GST filing process. GSTR-1 is a return that summarizes all outward supplies (sales) of a taxpayer. Here’s a step-by-step guide to build a useful, automated GSTR-1 Excel template with key sections, formulas, and structure: β Step 1: Understand the GSTR-1 Structure GSTR-1 includes:…
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The Fall of QuickBooks in India: What Went Wrong and How Tally Benefited
π§Ύ Why QuickBooks Shut Down in India 1. Lack of Market Fit QuickBooks, though globally popular, couldnβt align with the unique business environment of India. Indian small and medium businesses (SMEs) have different needsβmany still prefer offline tools, handwritten bills, and one-time licenses over monthly subscriptions. QuickBooks offered a cloud-based, subscription-only model that didnβt match…
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Payroll Management – Complete Guide
What is Payroll? Payroll refers to the process of calculating, managing, and distributing salaries/wages to employees of a company. It includes everything from employee compensation, tax deductions, bonus calculations, attendance tracking, and compliance with statutory laws. π Key Components of Payroll: Component Description Basic Salary Fixed amount paid to employees before any additions or deductions.…
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The Ultimate GST Handbook: Navigating Goods and Services Tax in India
Taxable Event under GST β In Detail What is a Taxable Event? A taxable event is the occurrence or action that gives rise to the liability to pay tax. In any tax law, identifying the taxable event is crucial because it determines when and how tax is to be levied. Under the previous indirect tax…
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Payroll Management: A Complete Guide
What is Payroll? Payroll refers to the process of calculating, managing, and distributing salaries/wages to employees of a company. It includes everything from employee compensation, tax deductions, bonus calculations, attendance tracking, and compliance with statutory laws. π Key Components of Payroll: Component Description Basic Salary Fixed amount paid to employees before any additions or…
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Last-Minute Tally Interview Booster πβ Questions + Answers Inside
Here’s a Last-Minute Tally Interview Preparation Guide tailored for quick revision, including key topics, interview questions, and a cheat sheet. Ideal for accounting, finance, or data entry roles using TallyPrime or Tally ERP 9. β Key Topics to Revise π¬ Common Interview Questions π Cheat Sheet (Printable Highlights) Shortcut Action Alt+F1 Detailed Report F11 Features…
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GST (Goods and Services Tax) in India
β What is GST in India? GST (Goods and Services Tax) is a comprehensive indirect tax levied on the supply of goods and services. It replaces multiple taxes previously levied by the central and state governments, such as VAT, service tax, excise, etc. π Implemented On: 1st July 2017π§Ύ GST is a destination-based tax β…