Salary entry

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SAMIR DESAI (Querist)
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04 April 2012 DEar Sir,

I got salary from x company than how pass entry in tally total salary 25000,P.tax deducted 200 & tds deducted 500 tha how pass entry in my indivisual books of account

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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04 April 2012 1. For salary due to be recieved
Salary Receivable A/c Dr
To Salary A/c

2. For receipt
Bank A/c Dr
Professional Tax A/c Dr
TDS Receivable A/c Dr
To Salary Receivable

SAMIR DESAI

SAMIR DESAI (Querist)
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04 April 2012 P.TAX WHICH HEAD ME MENTIONED

SAMIR DESAI

SAMIR DESAI (Querist)
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04 April 2012 SALARY RECEIVABLE WHICH HEAD MENTION

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CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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04 April 2012 Salary Receivable, TDS receivable are current assets.

Professional tax is expense because it is allowed as a deduction from salary income.

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