Pass a entry for salary payment basic 5000, HRA 3000,
Medical 200, TDS 500 Adv 200 & deducted PF with narration.
Answers were Sorted based on User's Feedback
Answer / hemal shah
AfteWhen Employeee Receive P.F Explain detail with interest
and Income Tax , Excise A/c Entry by Transaction
| Is This Answer Correct ? | 1 Yes | 3 No |
Answer / bikram kumar mandal
Basic salary ------------------- Dr.3100/-
HRA Allowances ------------------- Dr.1050/-
CONVEYANCE ------------------- Dr.1050/-
MOBILE ---------------- DR. 500/-
Advance salary ----------------------
Cr.200/-
PF 3100*.12 ----------------------
Cr.372/-
TDS --------------------
-- Cr.310/-
ESI 5700*1.75% ----------------------
CR.100/-
P. TAX ---------------------
- CR. 45/-
Cash/Bank A/c --------------------
Cr.4673/-
(Being Salary Paid to Mr.BIKRAM KUMAR MANDAL for the
M/O.AUGUST Through Ch.
No.783994 DT. 10.09.10)
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / syed irfan ali
TO SALARY A/C 5000/-
(BEIGN SALARY PAID BY CASH)
TO HRA A/C 3000/-
(BEING HRA PAID BY CASH)
TO MEDICAL A/C 200/-
BY TDS A/C 500/-
(BING TDS DEDUCTED FROM SALARY)
BY SALARY ADV A/C. 200/-
(BEING ADV. SALARY DEDUCTED)
BY P.F. A/C 600/-
(BEING 12 % PF DEDUCTED FROM SALARY ON
BASIC SALRY)
BY CASH A/C 6900/-
(BEING NET SALARY PAID BY CASH) -------- -------
8200/- 8200/-
-------- -------
| Is This Answer Correct ? | 1 Yes | 3 No |
what is the process of paid unpaid in service tax
hi,when i am posting an entry on service tax it is not showing the business area.please guide me how to configure the business area so that the entry also shows the business area.please help as i need to configure it.
0 Answers India Infoline, TCS, Wipro,
sir, which percentage to be deducted for film actors remuneration ?
How much is the tax & surcharge % against d-1 form. on cement,steel,electrical item,RMC,
When Selling a goods to a party Excise Duty chargable on VAT or not.
We have a constructed a goverment approved textile park in year 2007. will we have to pay Service Tax on that Construction Service?
What we mean by MAT Credit Entitlement ???
please tell me friends what are the formats of excise return and vat return?
What's the difference between Income Tax and P.Tax?
a business man purchases goods at 12.5% vat... he wants to sel l the goods to other state then central sales tax will be applicable@2%.what he can do with the input tax avai lable?
What is FBT % for the F-Y (2008-2009). & A-Y (2009-2010)
2 Answers Easiprocess, Tech Plus,
what do you mean by self-assesment tax &advance tax . hoe it can differentiate?