Journal entry in tally

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pradeep (Querist)
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24 November 2013 sir I want know this what is journal entry in tally if basic salary is 15000, and deduction esi, employer contributions, pf, and if salary 18000 then.

Ramkrishna Mokashi

Ramkrishna Mokashi (Expert)
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24 November 2013 A simplified version of the entry in the books of the employer:-

Dr. Salary (with 15000)
Dr. Employer Contribution of PF/ESI (with 3000)
Cr. Payroll Payable (with 15000 less employee contribution of PF/ESI)
Cr. PF/ESI Payables (with employee contribution of PF/ESI)

Hope this helps.