Salary payable
This query is : Resolved
sankar ponnan
(Querist)
03 July 2020
SIR
In a Pvt ltd Co., they do not account the salary payable account and they account only the salary paid to the employees. Is it correct sir?
As it is a logistics co., it does not deduct any provident fund from employees.
thanks in adv
In a Pvt ltd Co., they do not account the salary payable account and they account only the salary paid to the employees. Is it correct sir?
As it is a logistics co., it does not deduct any provident fund from employees.
thanks in adv
CA R SEETHARAMAN
(Expert)
03 July 2020
Not right, salary payable has to be accounted.
PF has to be deducted if 20 or more employees employed.
PF has to be deducted if 20 or more employees employed.
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