17 September 2018
professional tax dr
to employee a/c and Professional tax payable is liability to deduct where p tax need to deduct. actually the difference is p tax is paid it book as a expense where p tax payable is current liability.
18 September 2018
YES SUPPOSE WE PASS ENTRY SALARY DR. 10000 TO SALARY PAYABLE 9000 TO PROFESSIONAL TAX PAYBALE 1000 IN THIS ENTRY WE BOOK EXPENSES AS SALARY AND SALARY PAYABLE AND PROFESSIONAL TAX PAYABLE BECAME ZERO AFTER BANK ENTRY BUT NO EXPENSES OF PROFESSIONAL TAX SO HOW TO BOOK THE ENTRY FOR PROFESSIONAL TAX
21 September 2018
You dont have to write payble word when you are passing the entry while passing in books, it will become payable when you pass entry in tha name of "P.Tax A/c" and does not deduct and paid then only it become unpaid "P.Tax Payable A/c" in shown in balance sheet, If you want to book in tally the "P.Tax A/c" is will be under indirect expense/the relevent head you made, and a new saparate account will make for "P.Tax Payable" for book as it becomes due.
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