Salary
This query is : Resolved
27 June 2012
dear sir,
i want to ask whether , Employer's contribution to ESI or EPF form part of Salary which is debited in Profit & loss a/c.
employee's contribution to esi and epf form part of salary
i want to ask whether , Employer's contribution to ESI or EPF form part of Salary which is debited in Profit & loss a/c.
employee's contribution to esi and epf form part of salary
28 June 2012
Yes, Employers contribution as well as employee's contribution is part of the salary debited to P&L account.
Instead of employee getting the full salary, some portion of the same is contributed in these funds.
It is also a requirement to disclose these contrinutions seperately in Salarie sand Wages.
Instead of employee getting the full salary, some portion of the same is contributed in these funds.
It is also a requirement to disclose these contrinutions seperately in Salarie sand Wages.
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26 July 2012
Yes Sanjay has given you the correct answer and I agree with him
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