Tally groups

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Student (Querist)

18 August 2010 Dear Expert,
Under which group should the below ledgers be opened in Tally.
Service Tax Input Cr.
Service Tax Output Cr.
Service Tax Collected & Payable.
Employers contribution to PF
Employees contribution to PF
TDS on Contractor.

thanks
kirti.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

18 August 2010 Under duties and taxes

Service Tax Input Cr.
Service Tax Output Cr.
Service Tax Collected & Payable.

Under current liabilites

TDS on Contractor
Employers contribution to PF
Employees contribution to PF

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Student

Student (Querist)

18 August 2010 Ramesh ji,
I think PF entry as combined with salary is:

salary
employer's contri to PF
To employees contri to PF payable
To employers contri to PF payable
To salary payable.

so, employer's & employees contri to PF payable will come under current liabilities.
Then what abt Employers contri to PF?

seems i'm confused.
Pls tell me the groups for following 3 ledgers in tally.
1.employer's contri to PF
2.employees contri to PF payable
3.employers contri to PF payable

thanks
kirti.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)

18 August 2010 Employer contribution is under Indirect expenses need to grouped

While entry

employer's contri to PF (Indirect expenses)
To employees contri to PF payable(Current liablites)
To employers contri to PF payable(Current liablites)
To salary payable (Current liablites)

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Student

Student (Querist)

18 August 2010 thanks!!!!!!!

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