Salary journal entries

Quick Summary
Salary should be recorded at gross amount with deductions like PF, ESI, TDS, and profession tax as liabilities. Entry: debit salary expenses, credit deductions and salary payable. On payment, debit salary payable and credit bank or cash.

for advance salary

 

Originally posted by : vasant

for advance salary
for credit and for payment

 

 


Dear Jitender,

Can you, please provide the logical explantion of :-

Company's Contribution, which you considered to be debited???

I agree with Mr.Rajesh

if one company collected her revenue in january 2014 what recognised will show in April to dec 7 with entries. kindly help me 

Mr.Jitender advise is correct. But small modification . To salary payable is incorrect. To cash/bank account is correct. Remaining all accounts are o.k.

Salary Is a Nominal Account.

The Rule Says, Debit All Expences & Losess, Credit All Incomes & Gains, 

So, you will have to debit All the expences of the company of which the employee is receiving.

& credit all incomes of the company, or the employee is paying to the company so the entry as follows.

 

Dear All,

If my salary is inclusive of monthly bonus so what will be the journal entry for the same & final effect in the balance sheet ??

Also this bonus wil reflect under the head salary only in salary certificate or ant other separate head wil be required for the same ?? 

Can anyone tell what journal entries should be made for salary income?

Hello

I want know under which head the 'Gross Salary' to be taken in tally . Is it under indirect expenses of P & L a/c ?

can anyone help to solve this problem pass the journal entry of salary due with following total salary rs.40000 pf contribution employee rs,1000 pf contribution employer rs. 1300 esi contribution employee rs.470 adv to employee rs.500 tds on salary rs.250
can anyone help to solve this problem pass the journal entry of salary due with following total salary rs.40000 pf contribution employee rs,1000 pf contribution employer rs. 1300 esi contribution employee rs.470 adv to employee rs.500 tds on salary rs.250

I too agree with Mr.Rajesh advise

Sir

We have to books arrears of salary in current years Books but provision of TDS will be next year at the time of payment.

please show me TDS entries.

rgds

Ganesh Negi

 

how to enter payment of salary by bank to employee?

ex:- mr Raj. which list of group does he appear?

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details