Salary

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 June 2015 Dear Expert,

Please give me a solution for this transaction?

Salaries 30000
PF (10%) Employer Contribution 3000
PF (10%) Employee Contribution 3000
TDS 3000

What is the journal entry for this transction?

22 June 2015 Salary dr. 30000
To bank 24000
To Tds payable 3000
To Employee contribution 3000


Employer contribution (expens) dr. 3000
To bank 3000

CA Kapil Verma
Founder- www.taxadvizer.com

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 June 2015 Thank you very much sir


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