Entry for Employee Salary (Plssss)

Dev K Sharma (Learning Thru Experience)   (157 Points)

10 June 2011  

 Below the Salary Breakup of the Employee :-

Salary Break up

Amount

Basic

8020.00

House Rent Allowance

3208.00

Conveyance Allowance

800.00

Other Allowance

8022.00

Gross Earnings

20,050.00

 

Deductions

Amount

Provident Fund

962.00

Professional Tax

200.00

Total Deductions

1162.00

 

Net Pay

18,888.00

1.      How to pass the Entry’s of the aforesaid in the Tally Account ??

2.      Which Ledger to create (under which Group) ??

 Thanks for the reply ……!!!