TAX ADVISOR & CONSULTANT AT G.S.T SUVIDH
1372 Points
Joined June 2012
Generally, Salaries and Contribution to Provident and ESI funds are booked under seperate heads in P&L A/c. If payment of salary to employee attract T.D.S provisions, you need to deduct T.D.S on salary considering your (Employer) contribution to employee welfare funds. If you fail to consider those contributions you will be disallowed to that extent of contribution while computing your Income tax liability.