Sandeep Sharma (Accounts executive) 16 April 2019

salary journal entry

Please pass the detailed journal entry for booking salary?

Giridhar S Karandikar (Team Lead) 16 April 2019

salary. Dr
to employee
to TDS
to epf
to other deductions

when you pay salary

Employees A/c Dr

To Bank A/c Cr

( Being salary Paid )

1 Like

HARIOM SHARMA (GENERAL MANAGER-FINANCE AT NSEZ A GROUP OF COMPANIES) 17 April 2019

	DIRECTORS SALARY A/C	Dr	800000.00
	Salary & Wages A/c	Dr	3558391.00
	HRA	Dr	770836.00
	CONVEYANCE SALARY	Dr	799146.00
	SPECIAL ALLOWANCE	Dr	816998.00
	EMPLOYERS CONTRIBUTION TO EPF	Dr	519783.00
	ESI Contribution Employer	Dr	135290.00
	EPF ADM. CHARGES	Dr	37759.00
	EDLI CHARGES	Dr	21653.00
	EPMLOYEE 9 - ADVANCE	Dr	135.00
To	Salary Payable	Cr		5724720.00
To	EPF PAYABLE A/C	Cr		1098978.00
To	ESI PAYABLE	Cr		185393.00
To	TDS PAYABLE OTHER THAN COMPANIES	Cr		426400.00
To	EMPLOYEE 1- ADVANCE	Cr		4000.00
To	EMPLOYEE 2- ADVANCE	Cr		5000.00
To	EMPLOYEE 3- ADVANCE	Cr		6000.00
To	EMPLOYEE 4- ADVANCE	Cr		3000.00
To	EMPLOYEE 5- ADVANCE	Cr		1000.00
To	EMPLOYEE 6- ADVANCE	Cr		4000.00
To	EMPLOYEE 7- ADVANCE	Cr		1000.00
To	EMPLOYEE 8- ADVANCE	Cr		500.00
On Account of :
BEING AMOUNT OF SALARY RS. 7459856.00 INCLUDING ESI & EPF (THIS IS SAMPLE CASE)
₹ 7459991.00				₹ 7459991.00

Sandeep Sharma (Accounts executive) 17 April 2019

Thank you very much hariom sir

HARIOM SHARMA (GENERAL MANAGER-FINANCE AT NSEZ A GROUP OF COMPANIES) 17 April 2019

For Computations of EPF and ESI catch up with your HR team.

Sandeep Sharma (Accounts executive) 17 April 2019

Sir do we need to also open the ledger account for EMPLOYEE PF CONTRIBUTION??