Tds


This query is : Resolved 

16 May 2013 Respected Sir
Im Supratim Ghosh from kolkata.
Sir I want to know the journal entries when TDS will deducted from salary and wnat to know the journal entry for outstanding salary.
With example.
Sir pl send me the right ans as soon as possible.
Regards Supratim Ghosh

16 May 2013 in the books of emloyer

when due (eg 30th may)
salary 10000
to salary payable 10000

when paid(eg 7th june)

salary payable 10000
to cash/bank 9000
to tds payable 1000


1st entry for due.
if you asking for the books of employee.. mention it will post that too.


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