TallyPrime has evolved significantly since its initial launch, with each version adding critical features for GST compliance, banking integration, and business management. Whether you are deciding to upgrade, checking which version your business runs, or comparing features across releases, this guide covers every major TallyPrime version from 2.0 through 7.0.
If you are new to TallyPrime entirely, start with our complete guide to TallyPrime for Indian businesses. If you are still on Tally.ERP 9, see our detailed comparison of Tally.ERP 9 vs TallyPrime.
Quick Version Comparison Table
Here is every major TallyPrime release at a glance:
| Version | Year | Headline Feature | Connected GST | Banking | Cloud |
|---|---|---|---|---|---|
| 2.0 | 2021 | E-Way Bill auto-generation | No | No | No |
| 2.1 | 2022 | UI improvements, statutory updates | No | No | No |
| 3.0 | 2023 | Enhanced reporting, multi-company | No | No | No |
| 4.0 | 2024 | Connected GST, GSTR-1 direct filing | Yes | No | No |
| 5.0 | 2024 | GSTR-3B filing, TDS automation | Yes | No | No |
| 6.0 | 2024 | Connected Banking (Axis, SBI) | Yes | Yes | No |
| 6.1 | 2024 | Invoice Management System (IMS) | Yes | Yes | No |
| 6.2 | 2025 | Arabic invoicing, UAE VAT | Yes | Yes | No |
| 7.0 | 2024 | TallyDrive, SmartFind, Edit Log | Yes | Yes | Yes |
Each version builds on its predecessor. You do not lose any features when upgrading — you only gain new ones.
TallyPrime 2.0 (2021): E-Way Bill Foundation
TallyPrime 2.0 was the first major update after TallyPrime's original release. The headline feature was automatic E-Way Bill generation directly from sales vouchers, eliminating the need to visit the government portal separately for every consignment.
Key additions in 2.0:
- E-Way Bill auto-generation from within TallyPrime
- Bulk E-Way Bill creation for multiple invoices
- E-Way Bill cancellation and extension support
- Statutory compliance updates for GST rate changes
Read the full TallyPrime 2.0 feature guide →
TallyPrime 2.1 (2022): Refinements and Stability
Version 2.1 was an incremental update focused on interface refinements and statutory compliance. It improved the overall user experience with smoother navigation and faster report generation.
Key additions in 2.1:
- User interface improvements for faster data entry
- Updated GST return formats aligned with government changes
- Performance optimizations for large data files
- Bug fixes from the 2.0 release cycle
Read the full TallyPrime 2.1 feature guide →
TallyPrime 3.0 (2023): Reporting and Multi-Company
TallyPrime 3.0 brought enhanced business reporting capabilities and better multi-company management. This version made it easier for businesses with multiple entities to manage their accounting across companies from a single installation.
Key additions in 3.0:
- Enhanced report customization and filtering
- Improved multi-company data management
- Faster data synchronization across branches
- Updated statutory forms and compliance reports
Read the full TallyPrime 3.0 feature guide →
TallyPrime 4.0 (2024): Connected GST Arrives
Release 4.0 was a turning point. TallyPrime introduced Connected GST, allowing businesses to file GSTR-1 returns directly from within TallyPrime without switching to the GST portal. This single feature saved thousands of businesses hours of manual work every month.
Key additions in 4.0:
- Connected GST: Direct GSTR-1 filing from TallyPrime
- Real-time GST return validation before filing
- Auto-population of GST data from transaction records
- Enhanced keyboard shortcuts for faster navigation
Read the full TallyPrime 4.0 feature guide →
TallyPrime 5.0 (2024): GSTR-3B and TDS Automation
Version 5.0 expanded Connected GST to include GSTR-3B direct filing and added automated TDS handling under Section 194Q. It also introduced Stripe View for better data visualization and multilingual support.
Key additions in 5.0:
- GSTR-3B direct filing from TallyPrime
- Automated TDS under Section 194Q
- Stripe View for visual data analysis
- Multilingual interface support
Read the full TallyPrime 5.0 feature guide →
TallyPrime 6.0 (2024): Connected Banking
Release 6.0 introduced Connected Banking — direct integration with Axis Bank and State Bank of India. For the first time, businesses could view live bank balances, import statements automatically, and have TallyPrime create payment and receipt vouchers from bank transactions.
Key additions in 6.0:
- Connected Banking with Axis Bank and SBI
- Auto-reconciliation of bank transactions
- Automated voucher creation from bank statements
- Enhanced data split for multi-location businesses
Read the full TallyPrime 6.0 feature guide →
TallyPrime 6.1 (2024): Invoice Management System
Version 6.1 added the Invoice Management System (IMS), letting buyers track vendor invoices in real time within TallyPrime. IMS catches ITC mismatches before filing deadlines, reducing the risk of losing eligible input tax credit.
Key additions in 6.1:
- Invoice Management System (IMS) for proactive ITC tracking
- Edit Log for mandatory audit trails (MCA compliance)
- MSME reporting aligned with revised Form 1
- Smarter bank reconciliation with rule-based matching
Read the full TallyPrime 6.1 feature guide →
TallyPrime 6.2 (2025): Arabic Invoicing and UAE VAT
Release 6.2 expanded TallyPrime's reach beyond India with Arabic and bilingual invoicing for businesses operating in the Gulf region. It also added UAE VAT e-Return filing through EmaraTax integration.
Key additions in 6.2:
- Arabic/bilingual invoicing for GCC markets
- UAE VAT e-Return filing via EmaraTax portal
- GCC-compliant invoice formats
- Right-to-left (RTL) text support in reports
Read the full TallyPrime 6.2 feature guide →
TallyPrime 7.0 (Latest): Cloud, Search, and Audit
TallyPrime 7.0 is the most feature-rich update since the original TallyPrime launch. It brings cloud backup through TallyDrive, instant search with SmartFind, enhanced audit trails, and Bharat Connect integration — all while maintaining the offline-first architecture businesses rely on.
Key additions in 7.0:
- TallyDrive: Built-in cloud backup (1 GB Silver, 3 GB Gold, free with TSS)
- SmartFind: Instant search across all transactions by amount, party, or date
- Enhanced Edit Log: Summary report + MCA-compliant audit trail variant
- Enhanced HSN Summary: Separate B2B/B2C breakups for GSTR-1
- Bharat Connect: Government-backed digital invoice and payment exchange
- Performance improvements for large data files
Read the complete TallyPrime 7.0 feature guide →
Also see: TallyPrime 7.0 vs 6.2 detailed comparison | Step-by-step upgrade guide
Feature Evolution Across Versions
The table below tracks when major capabilities were introduced:
| Feature | First Available | Latest Enhancement |
|---|---|---|
| E-Way Bill generation | 2.0 | 7.0 (bulk improvements) |
| Connected GST (GSTR-1) | 4.0 | 7.0 (enhanced HSN) |
| Connected GST (GSTR-3B) | 5.0 | 7.0 |
| Connected Banking | 6.0 | 7.0 (smart matching) |
| Invoice Management System | 6.1 | 7.0 |
| Edit Log / Audit Trail | 6.1 | 7.0 (summary report) |
| Cloud Backup (TallyDrive) | 7.0 | 7.0 |
| SmartFind Search | 7.0 | 7.0 |
| Arabic / Bilingual | 6.2 | 7.0 |
| Bharat Connect | 7.0 | 7.0 |
How to Check Your TallyPrime Version
To find out which version of TallyPrime you are currently running:
- Open TallyPrime on your computer
- Look at the top-right corner of the Gateway of Tally screen — the version number is displayed there
- Alternatively, press F1 (Help) and select About TallyPrime for the full version and build number
If your version shows anything below 7.0, you are missing significant features. Check whether your TSS subscription is active and upgrade to the latest version.
How to Upgrade to the Latest Version
Upgrading TallyPrime is straightforward and your data migrates automatically:
- Verify TSS status: Ensure your Tally Software Services subscription is active. If expired, renew your TSS first.
- Back up your data: Take a complete backup of your company data before upgrading
- Download TallyPrime 7.0 from the official download page
- Run the installer: It will detect your existing installation and upgrade in place
- Open your company: TallyPrime will automatically migrate your data to the new format
You can upgrade directly from any older version — even from Tally.ERP 9 — without installing intermediate versions. For a detailed walkthrough, see our step-by-step TallyPrime 7.0 upgrade guide.
Which TallyPrime Version Should You Use?
The answer is simple: always use the latest version (currently TallyPrime 7.0). Every update is free with active TSS, and older versions do not receive new statutory updates or security patches.
If you are choosing between TallyPrime editions (Silver vs Gold), that is a licensing decision, not a version decision. See our TallyPrime pricing and editions page for details, or contact Mark IT Solutions for personalized guidance.
