Tds

Others 489 views 5 replies

hi any body

how to make a entry in tally 

at the time of issue salary on  tds dedection   

pls telle me the entries in tally 

 

for example

 

mr mohan 

got the salry per month 35000 /- tds 10% on salary

he got the salry only 31500/-

 

so pls tell me the entries in tally

 

Replies (5)

1)At  the time of payment of  salary :-

Salary A/c   Dr       35,000

To   Bank  A/c                       31,500

To  TDS  Payable A/c             3,500

2)At  the time of payment (Deposit) of  TDS on Salary:-

TDS Payable A/c       Dr   3,500

To  Bank  A/c                               3,500

 

 

Agree with Navin

I think its currect ans

Naveen Is correct. let me add on instead of TDS payable you can name the ledger as TDS on Salary payable so that you know that this TDS was deducted from Salary and while payment of TDS you are clear on the amount.

Yes....What  Punith Ji  said  has more  clarity regarding TDS on Salary.


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