1) How to book TDS on Salary income for individual?
2) Will entry differ in case he was reciving salary and now reciving income for professional service he is providing to company ?
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Accounting entries
Replies (3)
please clear you want entries in the books company .
IF the person is receiving salary then the entry will be:
Salary A/c Dr. 100
To Salary Payable Employee 90
To TDS payable 10
(Being salay booked)
IF the employee is currently providing professional service then the entry will be:
Professional Fees Dr.
GST input(If any) Dr.
To Party
To TDS payable
I think query as per employee point of view
not as per company point of view
not as per company point of view
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