Payroll voucher entry in tally with epf & esi

Accounting Entries 46059 views 4 replies

saket

accounts executive

66 Points Posted on 28 June 2012

Dear Sirs,

Can Anyone suggest me that what entry should be passed in tally for Employee Salary where ESI & EPF has been deducting from salary & also employer contribute in ESI & EPF as well as.

for ex.

1. Salary- 8000.00

2. ESI- 140.00

3. EPF- 780.00

4. Payable (1-2-3)- 7080.00

5. ESI- 380.00

6. EPF- 780.00

where 2 & 3 is employee contribution and 5 & 6 is employer contribution.

Replies (4)

Quick Summary

Payroll entry in Tally with EPF & ESI includes employee and employer contributions. Salary is debited, while liabilities are created for employee deductions (PF/ESI) and employer contributions separately. On payment, salary payable and contribution payables are cleared against bank.

YOGESH

STUDENT

128 Points Posted on 28 June 2012

Salaries A/c Dr 9160

To Salaries payable A/c 7080

To ESI Payable A/c 140+380

To EPF Payable A/c 780+780

When Payment is done payable Account is Debited & Bank or Cash account is Credited

Rajesh Raman

292 Points Posted on 26 July 2012

Due Entry

Salary a/c Dr 8000

To ESI Payable

Employees Contribution 140

To EPF Payable

Employees Contribution 780

To Salary Payable 7080

(Any advance received by employee should also deducted)

Payment entry

ESI Payable

Employees Contribution Dr 140

ESI on Employer Contribution Dr 380

EPF Payable

Employees Contribution Dr 780

EPF on Employer Contribution Dr 780

Salary Payable Dr 7080

To Bank 9160

(ESI,PF on Employers contribution should booked as expenditure bcz actually it was not deducted, it is paid only at the time of depositing them and Employees contribution treated as Liability bcz it deducted from the salary)

b.t.malliarjunarao

Accountant

68 Points Posted on 03 July 2014

Salary A/c Dr 9160 To employee pf Payble a/c 780 To employer pf payable a/c780 To employee esi payable a/c 140 To employer esi payable a/c 380 To salary payable a/c 7080

b.t.malliarjunarao

Accountant

68 Points Posted on 03 July 2014

Salary A/c Dr 9160 To employee pf Payble a/c 780 To employer pf payable a/c780 To employee esi payable a/c 140 To employer esi payable a/c 380 To salary payable a/c 7080 salary Payble a/c Dr 7080 Employee pf payable a/c Dr 780 Employee esi payable a/c Dr 140 Employer pf payable a/c. Dr 780 Employer esi a/cDr. 380 To bank a/ c. 9160 Note: pf admin charges A/c Dr To employer payable a/c