1.What is payroll accounting & Payroll Tax
2.How to compute Payroll Tax
3.All type of concern should compute Payroll Tax
.Pls Give solution with the aid of some examples
2 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 20 March 2012
Payroll accounting, is in relation to accounting of the Salaries of the employees. it refers to calculation of the Gross Pay to the employee, the deduction from the gross pay & the Net amount payable. the Gross pay should tally with deductions & the Net Pay.
Payroll tax means TDS made on the salary paid to the employee profession tax deduction from the salary of the employee etc.... there is also quarterly deduction towards Labour Welfare Fund.
Student
(b)
(875 Points)
Replied 13 May 2012
Maharashtra Labour welfare fund is deducted half yearly or on quarterly basis?
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