How to make calculation of salary for an employee of an
Indian company? Please give me an example to understand,
also consider all the aspect of salary?
- 2 Answers
- 4795 Views
- Tally Solutions, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
basic+D.A+H.R.A = GROSS SALARY
GROSS-PF-PT= NET SALARY
| Is This Answer Correct ? | 13 Yes | 5 No |
Answer / bharathi
FIRST TO ARRIVE THE SALARY - (NO OF WORKING DAYS + PAID LEAVE + PAID HOLIDAYS (25+4+1) = 30 DAYS)25 WORKING DAYS + 4 SUNDAYS + 1 FESTIVAL HOLIDAY = 30 - (NO. OF DAYS WORKED TO BE CALCULATED + PAID HOLIDAYS + FESTIVAL HOLIDAYS TO BE ARRIVED FOR EACH EMPLOYEES) THEN BASIC + DEARNESS ALLOWANCE (IFANY) + HOUSE RENT ALLOWANCE + CONVEYANCE/TRAVELING ALLOWANCE + SHIFT ALLOWANCE ETC TO BE CALCULATED ACCORDING TO THEIR WORKING DAYS LESS: ESI - PROVIDENT FUND - PROFESSIONAL TAX / TAX DEDUCTED AT SOURCE (192B) - ADVANCE = NET SALARY TO BE PAID
| Is This Answer Correct ? | 2 Yes | 0 No |
What we have to post entry for payroll processing ? (Indian payroll)
What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c
we are import a cnc machine, we have availed customs duty, CVD & Additional duty credit?
WHY JOURNAL VOUCHER IS USED IN TALLY ? WHAT TYPE OF TRANACTIO IS RECORDED IN IT ?
Why do you prepare a Trial Balance?
From the following Trial Balance of Seema Garments as on 31st Dec., 2007, prepare Trading Profit and Loss Account and Balance Sheet: Dr. Rs. Cr. Rs. Opening Stock 15000 Purchases and Sales 109000 180000 Manufacturing Wages 8000 Fuel, Power and Lighting 12000 Salaries 11000 Income Tax 5500 Loan to Mr. X at 10% pa. 5000 Interest on Mr. X’s Loan 300 Apprentice Premium 4500 Rent 4000 Rent Owing 600 Furniture (includes furniture of Rs.1000 purchased on 1st July, 2007) 5000 B/R and B/P 6000 1600 Plant 72000 Debtors and Creditors 28000 13000 Capital 100000 Cash 19500 300000 300000 Informations: 1. Closing Stock was valued at Rs. 30,000. 2. Goodsworth Rs. 5000 was sold on 28th December, but no entry was passed to this effect. 3. Goods costing Rs. 7000 was purchased and included into Stock but no entry was passed to record the purchases. 4. Create a provision of 2% for discount on debtors. 5. Apprentice premium received on 1st January, 2007 was for 3 years. 6. Depreciate the furniture by 10% p.a. 7. Salaries for the month of December, 2007 are still outstanding.
what is the meaning of Bills Receivable?
Furniture is Destroyed in Fire ?? Where it will effect in Balance sheet ??
Accounting and Accountancy
Sir, I want to know about Entry Tax. I purchased the Packing Box from other state.the entry tax on the packing items is 5 %.but now sale tax deptt. close the entry tax on barrier. the tax will be deposited with return. sir we want to know can i deposit this entry taxon on CST challan or not. if not then how can i deposit, or which cloumn in return shown this amount. please send the return format my mail ID is happynlg@gmail.com
The following figures relate to the trading activities of M/s ABC Traders Ltd for the year ending 31 March 2004. Particulars Amount (Rs) Sales 5,20,000 Opening stock 76,250 Purchases 3,22,250 Closing stock 98,500 Sales return 20,000 Selling and Distribution Expenses Salaries 15,300 Advertising 4,700 Travelling 2,000 Administrative Expenses Salaries 27,000 Rent 2,700 Stationery 2,500 Depreciation 9,300 Other charges 16,500 Provision for tax 4,000 Non Operating Income Dividend on shares 9,000 Profit on sales of shares 3,000 Non Operating Expenses Loss on sale of fixed asset 4,000 You are required to: (i) Arrange the above figures in a form suitable for analysis. (ii) Show separately the following ratios. Net profit ratio Operating ratio Stock turnover ratio
we are going to purchase a new office/gala . we are using tally software. in above transction we have to pay stamp duty,ragistration fees etc. my question is uder which heads i enterd above exp in tally.
Audit 
