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TDS

This query is : Resolved 
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(Querist)
12 January 2010 what is the limit company deduct TDS on his employer salary. what will be wntry in tally if employer salary is 30000 p.m. please ans.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
12 January 2010 As per the Indivdual limits

Salary A/c Dr
To Salary Payable
TO TDS- salary payable
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
12 January 2010 on Payment of Salary

Salary A/c Dr.
To cash/bank A/c
To TDS on Salary A/c

Salary amount goes to p/L & TDS on Balance sheet.
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