Howto pass journal entry for tds on salary in tally

A/c entries 21512 views 3 replies

Dear All,

I would like ask a question that how can we pass entries for TDS on salary in tally there is no implementaion is posted through tally waiting the right answer

Please reply

Thanks in Advance

Amit Kumar
 

Replies (3)

Salary a/c Dr (with actual gross salary amount)

To TDS payable a/c

To Concered Bank account

At the time of payment TDS to income tax department. The entry will be.

TDS payable a/c Dr ( with only TDS amount)

To Bank a/c 

Originally posted by : Rama chary
Salary a/c Dr (with actual gross salary amount)

To TDS payable a/c

To Concered Bank account

At the time of payment TDS to income tax department. The entry will be.

TDS payable a/c Dr ( with only TDS amount)

To Bank a/c 

 

as example

by-Salary A/c Dr          35000

to-tds payble a/c                               3500

to -my bank name a/c ya co.bank name a/c

 


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