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while we are paying salary what wil be the entry for tds
deduction
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Answer / kumud mishra
We have to pass entry like this
Salary Dr. 100
TDS On Salary Cr 20
Salary Payable Cr. 80
| Is This Answer Correct ? | 17 Yes | 2 No |
Salary A/c Dr. 100
To Tds on Salary Cr. 20
To salary Payable Cr. 80
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / varun sharma
SALARY A/C DR. 100
TO CASH A/C 80
TO TDS A/C 20
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / mike
Salary A/c Dr. 1000
To Tds on Salary Cr. 200
To salary Payable Cr. 800
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / sanjeev khera
Salary Account Dr.
Tds Payable on salary Cr
when we will deposit TDs the entry will be :
Tds Payable Dr.
Bank/Cash Credit
| Is This Answer Correct ? | 5 Yes | 4 No |
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