Hi to All any body pls. tell me the entry for tds in salary
example-- one employee salary 25000 tds will be 1000
how to deduct and what will be the entry for above
transactions

Answer Posted / khan

Simple Answer is

Salary A/c Dr.25,000

To Cash/Bank A/c 24,000
To TDS A/c 1,000

Is This Answer Correct ?    10 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how to geting finished goods cost with included it's all BOM and all production order cost in sap?

1445


WHAT ARE THE DIFFICULT ELEMENT OFF JOB

1628


Tell me what is the difference between accumulated depreciation and depreciation expense?

623


Explain me what is tally accounting?

572


How the Depreciation will calculate in Company?

1706






I post Optional Voucher in Tally.ERP in which there is deduction of TDS is applied. But when I convert this voucher as regular voucher the TDS entry have to make again why so

1594


when receieve cheque from a party and we deposite cheque in bank how do this entry

4215


can i direct payment made t code f-53 to bsnl agst telephone exp.? or 1st create a/c.of bsnl and book in fb60 then payment made whose correct?

1556


HOW DOES THE ROLE OF THE MANAGEMENT ACCOUNTANT COMPLIMENT THAT OF THE FINANCIAL ACCOUNTANT

1521


Explain the meaning of long-term notes payable is or long term liabilities?

623


RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above

1762


how can we get a leaverage in intraday market if are not a professional acount holder?

1655


Assigning natural account to accounting seg. What will happen

1599


Where a cash discount should be recorded in a journal entry?

615


What is the important of computerized accounting to manual?

670