Salary received entry in tally

This query is : Resolved

Quick Summary

Salary is recorded under income heads like basic and allowances, with deductions for PF, ESI, PT, and TDS. Salary is booked on accrual basis, so March salary received in April should be recorded in March.

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)
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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

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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22 July 2025 https://docs.google.com/document/d/1GlK9J42KWIrKjOZBv_3lqit3KQ66FPCEiTw9u-tVOsU/edit?usp=sharing

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