Journal entry for tds on salary and incentive


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Querist : Anonymous

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Querist : Anonymous (Querist)
28 February 2018 Incentive is being paid in advance to the employee and then expenses are being booked accordingly.
One journal entry is being passed:

1.Incentive to employee a/c dr
To TDS on Salary a/c

2.TDs on Salary a/c dr
To Bank a/c

Is the above entry proper as per the accounting standards and income tax?

28 February 2018 Have you deducted TDS on that incentive part ?

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 February 2018 Yes incentive is being deducted on the incentive part.


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