EASYOFFICE
EASYOFFICE
EASYOFFICE

Arear salary

This query is : Resolved 

23 June 2016 Salary related to past year paid in current year, in the past year's have not accounting for this salary.
(this salary related to increment in salary which pay with retrospective effect)
and the reason of increment is strike of labour for increment. please advice me for accountig for this arrear salary.
(this party under tax audit)

23 June 2016 you can show as exp. seperately and under notes of accounts you have to mention that Rs. .... is related to the year .......

23 June 2016 in the incomet tax it is allowable,
and in current year we enter - arrear salary dr.

to bank




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