PF & ESI

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 April 2010 will u please tell me what are the entry made regarding PF & ESI,what are the further task to be done after deducteding the PF & ESI,kindly tell me all about PF an ESi

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
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13 April 2010 entry:
1. at the time of deduction
salary a/c dr
pf & esi payable a/c dr
to employee a/c

2. at the time of payment
bank/cash a/c dr
to pf & esi payable a/c

for procedural details see file section

shakuntala chhangani

shakuntala chhangani (Expert)
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14 April 2010 if it is deducted from employees salary then at the time of deduction :
Salary A/c Dr.
To Pf &esi payable A/c
To TDS payable A/c
To Bank A/c
at the time of payment :
Pf &esi payable A/c Dr.
TDS payable A/c Dr.
To Bank A/c
Regards, CA Shakuntala Chhangani

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