Accounting entries

Rajat (Accounts executive) (26 Points)

04 December 2018

1) How to book TDS on Salary income for individual?

2) Will entry differ in case he was reciving salary and now reciving income for professional service he is providing to company ?

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3 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 04 December 2018

please clear you want entries in the books company .

Sudhansu Mohapatra (Audit Executive) (15 Points)
Replied 04 December 2018

IF the person is receiving salary then the entry will be:

Salary A/c Dr. 100

To Salary Payable Employee 90

To TDS payable 10

(Being salay booked)

IF the employee is currently providing professional service then the entry will be:

Professional Fees Dr.

GST input(If any) Dr.

To Party

To TDS payable

satish (teaching) (2046 Points)
Replied 04 December 2018

I think query as per employee point of view
not as per company point of view

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