providend fund

This query is : Resolved 

02 February 2011 good morning to all
could you gudie me how to make the pf entry in tally, as our compnay started pf from this month which account should be created and what entry should pass? and alos the the where the admin charges will be go and the biferacation of of employers contibution in 8.66 and 3.67% how to make this entry .
pl sent me a mail on my id
swapna.nsk10@rediffmail.com
i will be very thankfull

swapna

02 February 2011 On salary due :

Salary A/c Dr.
Employer Contribution A/c Dr.
To Salary payable Cr.
To PF Payable Cr.

Admin charges on PF Dr.
To PF Payable Cr

02 February 2011 You are not required to bifurcate the employer's contribution while making entry in tally


02 February 2011 thank you
i want to know that in one entry the how the employee contribution and employers contribution will be added

02 February 2011 Suppose salary is 5000/-
PF deduction (employee) : 600/-
PF contribution (employer) : 600/-

so entry will be :

Salary A/c Dr. 5000
Employer Contribution A/c Dr. 600
To Salary payable Cr. 4400
To PF Payable Cr. 1200

02 February 2011 thank you very much for your guidence



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