banner_ad

How to pass salary entry in case of ctc amount

Accounting Entries 1931 views 1 replies
Please let me know how to pass salary entry for the below transaction in the books of company and also how to pass an entry for PF employee and employer contribution along with due entry and payment entry. Suppose my Cost to Company (CTC) is Rs. 40,000/- (breakup - Basic + DA - Rs. 15,000/- ; HRA - Rs. 7,500/- ; Conveyance - Rs. 1,600/- ; Other Allowance - Rs. 15,900/- Deductions - PT - Rs. 200/- ; TDS - 450/- ; PF Employee contribution @ 12% on Basic + DA - Rs. 1,800/- ; PF Employer @ 13.61% on Basic + DA - Rs. 2,042/- Net salary payment - Rs.35,508/-
Replies (1)
Particulars L/F Debit Amount Credit Amount
Basic + DA  A/c   15000  
HRA  A/c     7500  
Conveyance Allowance A/c   1600  
Other Allowance  A/c   15900  
  PT  A/c     200
  TDS  A/c     450
  PF Employee contribution A/c
  ( @ 12% on Basic + DA )
    1800
  PF Employer Contribution A/c
( @ 13.61% on Basic + DA )
    2042
  Cash / Bank A/c     35508
      40000 40000


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details