Is bonus & leave Encashment a direct or indirect expense while paying to factory workers or labourers ?
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 16 August 2023
Bonus to workers who work on production is a direct expense. Payroll is to seperate form which seggregates executive income vs wages on production floor. Tds is applicable on bonus by the way. Wages means direct expense. Supervisors and managers on the floor means direct expense. Leave encashment? You get certain leaves, and if you don't take leaves for a healthy man, the company will pay you but need not necessarily be
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 17 August 2023
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 19 August 2023
@ Raja PM guy your wrong. I don't know the answer but I'll prove it otherwise.
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 19 August 2023
Bonus depends upon in the line of fire and admin. But bonus calculations including tds is mandatory. Admin are really cheper that they don't deserve anything when they have no knowledge. Leave encashment is not a big deal- are you a direct worker or indirect worker? Indas is like that.
Yasaswi Gomes new
(Finance )
(4492 Points)
Replied 19 August 2023
Prove me otherwise! See I don't speak rubbish apart from business
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