How do I make deduction entry of Salary on which no TDS is made..
So as to show this in form 16.
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Entry of salary without TDS
Replies (7)
Quick Summary
Each Employees a/c. Dr
To TDS payable on salaries. a/c
when TDS is paid
TDS payable on salaries. a/c. Dr
To Bank a/c
To TDS payable on salaries. a/c
when TDS is paid
TDS payable on salaries. a/c. Dr
To Bank a/c
Salary a/c dr
to Salary payable a/c
Salary payable a/c dr
to Bank a/c
If TDS is deducted then
TDS a/c dr
Salary a/c dr
to Salary payable a/c
to TDS payable a/c
TDS payable a/c dr
Salary payable a/c dr
to TDS a/c
to Salary a/c
to Salary payable a/c
Salary payable a/c dr
to Bank a/c
If TDS is deducted then
TDS a/c dr
Salary a/c dr
to Salary payable a/c
to TDS payable a/c
TDS payable a/c dr
Salary payable a/c dr
to TDS a/c
to Salary a/c
Mr. Sourav the question is
How do I make deduction entry of Salary on which no TDS is made..
So as to show this in form 16.
for that you have answered TDS deductable at the time of salaries payable
How do I make deduction entry of Salary on which no TDS is made..
So as to show this in form 16.
for that you have answered TDS deductable at the time of salaries payable
I answered two entries one without deduction of TDS and other with deduction of TDS
I answer to the point, Even in my CA examinations also
| Originally posted by : RK | ||
 |
How do I make deduction entry of Salary on which no TDS is made..So as to show this in form 16. |  |
If no TDS, then why form 16?
If no TDS, than only part B of Form is applicable as computation of salary
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