ATAL PENSION YOJANA

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ACCOUNTANT
366 Points Posted on 18 February 2021
Atal pension yojana contribution comes under which head in balance sheet
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On 18 February 2021 at 11:11 Report
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The Atal Pension Yojana (APY) contribution is typically classified under 'Statutory employees welfare funds' within the liabilities section of a company's balance sheet. While some may consider it a drawing as it's an employer's premium not directly related to business operations, its primary accounting treatment is as a statutory welfare fund.

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Master in Accounts & high court Advocate
9620 Points Posted on 18 February 2021

Atal pension yojana contribution comes under a Statutory employees welfare funds. Statutory accounts include a 'balance sheet', liabilities side  which shows the value of everything the company owns, owes and is owed,

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On 18 February 2021 at 11:56
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Financial Consultant
252 Points Posted on 18 February 2021

Dear Ravi,

Atal pension yojana contribution considered as a Drawing because the premium paid for the Employer and it does not related to the business.

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On 18 February 2021 at 19:40

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