ESI Deduct on Basic Pay + DA OR Gross Salary
Example
Basic Pay 11000
DA Rs 3000
HRA RS 2000
Answer - PF@12% of (11000+3000= 1680 /-
& ESI @1.75% of (11000+3000+2000) = 280 /-

This example is correct or not

Please guide me.
Thanks

Sir My co. Got a new govt. Contract & made a performance Bank guarantee of 488000₹+ (bank charges extra) against a FD amount 500000 ₹. I wanted to know how to make all entries in tally accounting & under which accounting head I create accounts.

Sir,
In a construction company if 2 or three project works is going on,which ACCOUNTING PROCEDURE is suitable?
I think If I do cost center vise...its OK...But my friend ,he is also accountant saying that site vise passing the entries is good.If I follow that system I think we should pass double entries in head office books as well as in site books for every transaction.
if we choose cost center vise system we can easily book all entries in HO books by maintaining cost center vise.
I hope any experts will suggest in this above subject little broadly.
Thanks

Dear Sir,
I have some confusion in classification of few items :-
1) Quick heal antivirus purchased for 3 years , whether to classified as "software under Asset" or "Printing & Stationery under expense".
2) Hard disk purchased for computer to be classified as "computer under Asset " or "Priting & stationery under expense"

Pls guide

Dear Sir/ Madam,
How to account for "carry bags given free with items sold". What is the account treatment?.

How to record transaction of Purchased carry bags (GST invoice)?. In the invoice carry bags are shown items wise(pieces).

Hi,

I have query about deducting TDS on Patent Related Services.

We have received one Bill from our Consultant (Patent Related Services) for Annuity Fee payable to IPO (Rs. 4800) + Their Professional Fee (Rs. 6050) = Total Rs. 10850/-

So my query is, Whether I should deduct TDS on full amount of 10850/- or only on professional fees of Rs. 6050/-?

Thanks in Advance.

Manoj

How long it is take to get a revalidation done for CA final as my registration is 5 years old and I need to fill up my examination form for May 2018 I have already send the revalidation form with dd and it has not been processed

A Proprietor already run a business in village and they want to open another new firm in city with New Name of firm with the same Proprietor then Is it required to take different GST Number for 2 business.

Sir,
My company every month gives cash incentive to the top six employees (sales Departments) for monthly sales
so what type of document we can keep in our record for accounting purpose and same question for cash commission and cash salary which company provide to our employees.
kindly guide me write way .
With regards



NOTE : Incentive in Cash AED3000/-
Award in cashed Money for the Top Three person of the year AED 22000 (total for three persons)
pls guide me if we can make the document s in excel sheet or any other mode.
AED : Currency of UAE

Dear Sir,
We are company and we have created privision for CSR expenses . Now we want to spend on CRS activities .
1) What should be the journal entry?
2) We have a religious trust to , can donation to that trust be treated as CSR expenditure ??

Pls advise