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Hi
Can someone give the entries for TDS on salaries payable and paid please
Txs
Salary A/c Dr To Salary payable A/c Dr To TDS on Salary A/c Cr ( salary payable after TDS deduction) TDS on Salary. A/c Dr To Bank. A/c Cr ( TDS deposited in Government account) TDS on Salary A/c , under Duties and Taxes , Current liability side , Balance sheet.
@ Dear Sabyasachi Mukherjee I had reply as per the query which was only for TDS as per your query entry as follows. Salary A/c Dr To Salary payable A/c Cr To TDS payable. A/c Cr To P F A/c Cr To ESIC A/c Cr To professional Tax A/c Cr ( Salary payable after deductions )
Oh yeah I have other entries noted but I'm interested in only TDS. But good to know all in a single shot.
I also wanted to employee benefits related assets and liabilities.
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