11 February 2010
If A is a employee of compny his salary is 50000 Rs per month deduction is tds 10000 rupees & pro. tax ix is 300 rupees. then how to enter in journal & payment voucher in tally ? Which ledger is created & who is debit & credit in entries
11 February 2010
Salary Dr 50,000 To TDS A/c 10,000 To Professional Tax A/c 300 To Salary Payable A/c 39,700 (Being salary due for the month along with the respective statutory liabilities recorded)
___________________________________________
Salary Payable A/c Dr 39,700 TDS A/c 10,000 Professional Tax A/c 300 To Bank A/c 50,000 (Being Salary and tax paid)