Payroll voucher entry in tally with epf & esi

Salaries A/c Dr 9160

                To Salaries payable A/c 7080

                To ESI Payable A/c 140+380

                To EPF Payable A/c 780+780

When Payment is done payable Account is Debited & Bank or Cash account is Credited

Due Entry

 

Salary a/c      Dr      8000

         

To  ESI Payable

                Employees Contribution 140

 

          To  EPF Payable

                Employees Contribution  780

         

          To  Salary Payable              7080

 

(Any advance received by employee should also deducted)

 

 

 

 

Payment entry        

 

ESI Payable

          Employees Contribution                 Dr      140

         

          ESI on Employer Contribution         Dr      380    

                   

          EPF Payable

                    Employees Contribution                 Dr      780

                  

                   EPF   on Employer Contribution       Dr      780

         

                   Salary Payable                            Dr      7080

 

                             To      Bank                                         9160

 

(ESI,PF on Employers contribution should booked as expenditure bcz actually it was not deducted, it is paid only at the time of depositing them and Employees contribution treated as Liability bcz it deducted from the salary)        

Salary A/c Dr 9160 To employee pf Payble a/c 780 To employer pf payable a/c780 To employee esi payable a/c 140 To employer esi payable a/c 380 To salary payable a/c 7080

Salary A/c Dr 9160 To employee pf Payble a/c 780 To employer pf payable a/c780 To employee esi payable a/c 140 To employer esi payable a/c 380 To salary payable a/c 7080 salary Payble a/c Dr 7080 Employee pf payable a/c Dr 780 Employee esi payable a/c Dr 140 Employer pf payable a/c. Dr 780 Employer esi a/cDr. 380 To bank a/ c. 9160 Note: pf admin charges A/c Dr To employer payable a/c