Hi Everyone,
Can anyone provide me,Fine & Panelty to Employee under which head will come.
Abdul Razak (Accountant) (95 Points)
28 November 2014Hi Everyone,
Can anyone provide me,Fine & Panelty to Employee under which head will come.
CA AnKiT BoHrA (AB)
(Manager)
(25955 Points)
Replied 28 November 2014
i dont think that it is an income so any special head required for this...
you can deduct the amount from the salary or other allowances which u r giving to ur employees...
we usually have a head named other allowances... we deduct the fine and penalities from said account
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