The Epf& MP (Miscellaneous provision act) act was came in to existence from March 14 th 1952.The act is applicable all over India except the state of Jammu and Kashmir.Presently the following three schemes are providing toemployees under this act.

Employee provident fund scheme (EPF) 1952.
Employees’ pension scheme (EPS) 1995
Employees deposit linked insurance (EDLIS) 1976.

An establishment with 20 or more workers should register with Employees provident fund organization which comes under any of the 180 industries mentioned. Click here for the list of industries comes under EPF. Even though …

Tally 9 allow you to export data’s directly in excel format. But you can’t do it in tally 7.2 and tally 8.
Here is a small tutorial for you exporting tally data’s from version 7.2 in excel file.
Consider exporting daybook.Go to day book press export button or use shot cut key Alt+E. Exporting screen will displayed.

Press Back space on your keyboard. And select Format as ASCII (comma delimited). Now give output File Name as Daybook.csv, now select some other option you want to export from the bottom of the screen.

Press enter …

Savings account designed for individuals to meet their personal requirements, to pay regular expenses like telephone bills, electricity etc, and for the purpose of saving some amount for the benefit of getting interest, and liquidity. Here are some tips for keeping savings account saver, and pay less charge to banker.

 For Savings account, banks will consider only 10 th to last day of the month for interest calculation. the reason is that 1 to 9 is the period of maximum inflow of fund through salary and maximum withdrawal for payment. So …

As already discussed, data must be backed up every day to save your work. There are many reasons for tally data corruption.the main reasons are.

Power shutdown while you working with tally.
For multi user tally, server computer shutdown while somebody working on tally on other computer in network enviourment.

To save your tally data, always ensure proper power back-up for your system.
Keep a copy of existing tally data folder some where on your computer. Open tally and rewrite the company by pressing   Alt+Ctrl+R Keys at the same time from   company …

Data back up is most important for every accounting software .and it is recommended to keep data’s on an external storage device like CD, USB Drive etc. instead of keeping a single device, storing  data’s on  one or more device will give you more security against damage of storage device. There is one more good way if you are using internet at your work place. Compress the data by using any of the compressing software, like WinZip, winrar etc and send it as an attachment to your own email id, …

Tally data directory is located in tally program folder by default. But you wish to change the data in another location, due to some reasons. Here is a handy guide how to do it.
Before doing it you should know about tally data. in tally program folder there is a subfolder called “data” in this subfolder there is one or multiple folders serially numbered each folder denotes a company data. You can see multiple files are stored if you opened this serially numbered folder.
Drive:\Tally » Data » 10000» data files
From tally 9 version data …

Tally allows you to load companies automatically at its startups. By default Company that created first will be loaded automatically. You may want to Change it.Go to tally program folder, if you don’t know where it is located. Right click On tally icon, then click properties now click find target. A folder will opened which contain tally program. Find Tally.ini file and open it. in tally.ini file see the following wordings.
  ;; Specify list of companies to preload
    ;; ** TO STOP DEFAULT LOADING set the following line to NO
Default Companies = Yes
Load …

Demand draft is valid for six months from the date of issue where as Pay order has a validity of three months. Demand drafts are printed with “Valid for Six months only” and pay orders “valid for three months only” on its face. In rare cases the DD or pay order may not enchased within this validity period due to some reasons. We cannot loose the money because of the reason validity expired, so banker allow you to revalidating Demand draft and Pay orders.
To do so the customer should give …

Can we get a duplicate DD or PO if we lost the original one? The answer is yes, but you have to follow a little difficult process. The procedures for a duplicate Demand draft and pay order are almost same. It is always advised to keep all the details of the instrument or keep a copy of the DD or PO. With out the details of lost DD or PO it is difficult to issue a duplicate one, in practical; if you don’t have the details of the lost instrument, …

After launching private banking in India the face of banking is changed rapidly in terms of cutting edge technology and services. To provide best services to the selected customers, meeting certain eligibility criteria banks are started preferred banking.
Who can open privilege banking?

The customer should maintain average quarterly balance to a fixed amount in his savings account.
average quarterly balance should be maintained by the members of the same family.
Savings account plus fixed account of a customer should maintain average quarterly balance.
The average quarterly balance fixed should me maintained in flexi deposits

What …