Accounting entry of salary received including epf & esi

Rajnish Kumar (Accounts Asstt.) (54 Points)

09 March 2016

Sir,

Plz suggest me accounting entries for salary received in books of empoyee.

Treatment of EPF deduction from salary & Employer contribution.

If any employee withdrew EPF amount what accountung entries will be taken by himself.

IF Gross salary is Rs 10000.00 PM.

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9 Replies

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 09 March 2016

On ReCeipt

Bank A/C Dr

To salary A/C

To EPF Contribution

Rajnish Kumar (Accounts Asstt.) (54 Points)
Replied 09 March 2016

EPF Contributiopn of which????? (Employee or Employer)

Plz understand me in detail.

Lalan Prasad (Student CA IPC / IPCC) (43 Points)
Replied 09 March 2016

you can take all amount of salary for accounting puspose.

entry- salary a/c

to, cash

Rajnish Kumar (Accounts Asstt.) (54 Points)
Replied 09 March 2016

May I take entry as:

EPF A/c (Employee) Dr. 1200.00

ESI A/c Dr. 175.00

Bank/ Cash Dr. 8625.00

To Income from Salary 10000.00

But amount of EPF Contribution (Employee) where it is to be taken. How can I reconcile it with EPF ePassbook.

khageswar Jena (Employee) (31 Points)
Replied 09 March 2016

Bank a/c Dr. Emplr cont to EPF Dr To salary' a/c(net off employee cont.) To employee cont. to EPF a/c

khageswar Jena (Employee) (31 Points)
Replied 09 March 2016

Bank a/c Dr Employee cont to EPF a/c Dr To salary' A/c To employer cont. To EPF a/c As it's a income for EMPLOYEE

Naman (Accountant) (339 Points)
Replied 10 March 2016

Originally posted by : Rajnish Kumar
	May I take entry as: EPF A/c (Employee) Dr. 1200.00 ESI A/c Dr. 175.00 Bank/ Cash Dr. 8625.00 To Income from Salary 10000.00 But amount of EPF Contribution (Employee) where it is to be taken. How can I reconcile it with EPF ePassbook.