PRICESELY I WILL SAY ONE THING THAT I CAN HELP YOU OUT.YOU 
CAN CONTACT ME AT MY E-MAIL ADDRESS. ALSO PROVIDE YOUR E-
MAIL ADDRESS/MOBIL NO. FOR FURTHER CONVERSATION.

first of all press f11 than make emplyore group e.g. HDFC 
than make empl name in hdfc. payhead like basic salary 
which is direct expenses at flat rate  and pay p.f. in 
current liabilties at computed value . now make payroll 
slip .if u don't make payroll or salary slip than the tally 
doesn't show reports. now enter ur all data in payroll 
voucher.

press f11 and on all payroll commands in it.
now press payroll info than  make pay heads e.g. basic 
salary in direct expenses on flat rate and month basis . 
now make p.f.(provident fund) in current liabiltes on 
computed value and month  basis.or percentage basis and 
also write percentage in it i.e.10%

now make employess group 
its open primiary cost cotegory u can make ur own group 
like HDFC than allocate reveneue  on yes and non revenue 
also yes it is compursly either ur payroll doesn't run .

now make employees 
hdfc 
ur name e.g. payal 
and write all information about that employees 

now make salary details 
of payal 
what ur paying her 
like basic salay and pf 
only write basic salry and pf not specified amount 

now go to payroll voucher 
than take cash 
and prss alt+A
and change period 
e.g. 
if ur voucher period is 1-4-2006
than u write in 1-4-2006 to31-3-2007
choose category hdfc and payal 
on cash basis 
and now its automaticaly caluclate salary