Salary entry

This query is : Resolved

SAMIR DESAI (Querist)
Follow

29 February 2012 DEar Sir,

how to pass salary entry in tally account if employee A salary is Rs.15000,B salary is 15000 & both P.tax deducted 200-200 & esi also dedcuted 262-262 than how pass etry n my tally account pls guide me

Guest

Guest (Expert)

29 February 2012 Pass the following entries:
1. For provision of salary i.e. booking expenses:

Salary A/c Dr. 30000
To P Tax Paya. A/c 400
To ESI Payable A/c 524
To Employee A A/c 14538
To Employee B A/c 14538

2. On Payment of salary, P Tax & ESI:

Employee A A/c Dr. 14538
Employee B A/c Dr. 14538
P Tax Paya. A/c 400
ESI Payable A/c 524
To Bank A/c 30000

Above payment entry can also be passed seperately for salary, P Tax & ESI.

SAMIR DESAI

SAMIR DESAI (Querist)
Follow

29 February 2012 tHAX SIR & HOW PASS ENTRY OF EMPLOYER LIABILITY OF ESI

Upgrade to CAclubindia Pro. Subscribe Now!

Guest

Guest (Expert)

29 February 2012 For emplolyer contribution pass following entries:
1. To book expenses:

Staff cost/ Employer contri. to ESI A/c Dr.
To ESI Payable

2. For payment

ESI Payable a/c Dr.
To Bank a/c