how to record journal entry for tds on salary on quarterly
basis?

Answer Posted / naresh sharma

salary a/c dr 45000.00

tds a/c dr 5000.00

Bank cr 50000.00

Is This Answer Correct ?    15 Yes 10 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

If a person purchased goods by paying vat but while selling no vat has been collected and if he is registering his firm under vat need to pay vat after registration?

1163


what is city commodity tax

1580


What's format of CMO & CMA Data?

2237


what is the circle of tds and its rate chart

4846


Is there any change in the section 80DD for the financial year 2009-10

2190






While I prepare Form JJ for goods transfer I made a mistake that the value of goods is morethan the actual value(i.e. instead of Rs.92100/- I filed Rs.1354000/-)and the copy of JJ sheet is sealed in the checkpost one copy is taken in the checkpost. please anybody give me the exact solution. thanks

2075


how to calculate tax for the income earners

1632


Dear Sir, I am working in account department. I want to know, Why service tax rate is change in every type of service. For Example - Rent Bill Service Tax Rate - 10.30% Taxi Bill - Service Tax Rate - 4.12% Why it change

1616


How is income tax calculated?

640


what is the vat & cst rate with cst and without c form. TDS on salary how to deposti and which challan use for this

1534


Does the tax liability of an individual get affected due to his residential status? If yes, explain.

615


How to calculate excise duty on mobile products?

1391


is there any specific percentage related to lower tax deduction under tds

1659


Sir please confirm job work sale for clothes shat d1 yes & no

1299


if i the vendor is providing us some printing material & they issue a bill of printing with including Vat so what can i deduct TDS ?

1579