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What is the journal and payment entry of P.F and E.S.I
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Answer Posted / naveen singh kalura
Total Salary Rs.200/-
Note :- EPF Contribution Rs.12% of Basic Salary
Note :- ESI Contribution Rs.1.75% of Grass Salary (Up-to 21000)
Example::
Basic Salary A/c Dr. 100
House Rent A/c Dr. 50
Conveyance Allowance A/c Dr. 50
To EPF A/c 12
To ESI A/c 1.75
To Salary Payable 86.25
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