Salary received entry in tally

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 March 2014 my salary statement has the following heads Basic salary,Sp all,LOP,PF,ESI,Profession tax,TDS & net salary
When i want to book salary in tally , how should i do it ? What is the Heads of those Payroll ? Is it will be Capital or What?

2. What is the Entry when I am getting Salary of March in April?
Should I booked in March PLZ...... Advice
iTS URGENT

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
Follow

19 March 2014 1. Open Basic Salary, Special Allowance under Direct Income.

2. Open PF A/c under Investments and Employer's contribution to PF under Capital A/c

3. Open ESI deduction under Capital A/c

4. Open Profession Tax & TDS under Current Assets

5. At the end of each month pass the following entry:

Salary Receivable A/c Dr
PF A/c Dr
ESI A/c Dr
Profession Tax A/c Dr
TDS Receivable A/c Dr
To Basic
To Spl All

6. On receipt of salary, pass the following entry:

Bank A/c Dr
To Salary Receivable

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

19 March 2014 Thanks very Much but there is one more Query.
As you explain that Basic Salary & Allowances under Direct Income:
Can it be taken in Capital A/C
and Profession Tax- Capital A/c as it is expense for the individual and it is capitalised at the end of the year. Plz Advice