banner_ad

question regurding VAT and Salary entry

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 December 2008 how URD purchases are taken into considration for tax calculation.

second.
what is entry for salary including PF, ESI Employees and Employers contrubution.

salary is 500000.

Employees Contrubution:
PF 60000
ESI 8750

Employer contrubution:
63250
23750.
Profile Image

SUBRAMANIA SARMA G

Profile Image

SUBRAMANIA SARMA G (Expert)
13 December 2008 Are you a student or a professional CA

any way the entry would be as follows

Debit

Salary A/c 500000

credit
PF Payable a/c 60000
ESI Payable a/c 8750
Salary payable a/c 431250

DEBIT
Contribution to pf a/c 63250
Contribution to EST a/c 23250

Credit
PF Payable 63250
ESI Payable 23250

Debit
Salary payable 431250
PF Payable 123250
ESI Payable 32500
to bank 587000

Write suitable narrations
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details