banner_ad

Profession Tax Entry

A/c entries 51686 views 7 replies

Hello Friends,

I have a query about Profession Tax Entry, what will be the head for Profession Tax and under which group it goes & how entry is done.

Regard's

Ravi

Replies (7)
Quick Summary
Discussion on accounting entries for professional tax, including salary deductions, payment entries, and ledger grouping. Professional tax is recorded under Duties and Taxes, with entries for salary deduction and payment through bank or cash.

When accounting the Professional Tax:

 

Salary & Allowances A/c Dr

     To Sundry deductions A/c

     To Professional Tax A/c

     To Salary Payable A/c

 

When Making Payment

 

Professional Tax A/c   Dr

   To Bank A/c

 

Professional Tax account created and group under "Duties & Taxes"

 

- Regards

Ashok

thanks

 

Hi Sir,

I have an query regarding annual payment of Company PTEC,

what will be the entry? it will be normal like ptrc or diffrent? and how both acccount will knockoff.

Please help.....

SIR CAN I DO THIS ENTRY FOR SALARY WITH PROFESSIONAL TAX.

SALARY A/C DR.               20000

PINKAL KUMAWAT A/C DR   200

 TO PINKAL KUMAWAT                 20000

  TO PROFESSIONAL TAX                 200

For Company PTEC, Debit amount to Rates & Taxes and Credit to Bank/cash account.

When accounting the Professional Tax & Salaries: Salaries & Allowances A/c ( Indirect Exps ) Dr Professional Tax (Duties & Taxes ) To Sundry deductions A/c (Salary Advance, etc., if any) To Professional Tax Payable A/c ( Current Liability ) To Employees a/cs ( Creditors for Exps ) 2) When Making Payment: Employees acs Dr Professional Tax Payable A/c Dr To Bank A/c Read more at: https://www.caclubindia.com/forum/profession-tax-entry-109274.asp

Can anybody guide us

I am a self employed I have paid Profession tax PTEC What will be entry in our books of account in tally in which head ?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details