Interested to Buy Any Domain ? << Click Here >> for more details...
while we are paying salary what wil be the entry for tds
deduction
- 7 Answers
- 10571 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / kumud mishra
We have to pass entry like this
Salary Dr. 100
TDS On Salary Cr 20
Salary Payable Cr. 80
| Is This Answer Correct ? | 17 Yes | 2 No |
Salary A/c Dr. 100
To Tds on Salary Cr. 20
To salary Payable Cr. 80
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / varun sharma
SALARY A/C DR. 100
TO CASH A/C 80
TO TDS A/C 20
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / mike
Salary A/c Dr. 1000
To Tds on Salary Cr. 200
To salary Payable Cr. 800
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / sanjeev khera
Salary Account Dr.
Tds Payable on salary Cr
when we will deposit TDs the entry will be :
Tds Payable Dr.
Bank/Cash Credit
| Is This Answer Correct ? | 5 Yes | 4 No |
what is the relation of accounting subject with other subjects like economics commerce and statistics?
what is differenct between capital expenditure and revenue expenditure?
what type account are below Debentures Bank overdraft
what is the journal entry for payment of interest for loans.?
whatis the difference between invoice and bill?
In which side Investment is comes In Balence shhet ?
Explain deduction from house property income U/s (24)?
Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?
how to know i reconcilation statement in tall 9 and in reconcilation chq. details also.
can an accountant handle all the accounting transaction without any type of help from any person?
If chq of Rs. 15000 bounced then how to enter reverse entery > Voucher Type....
hi What is entry when goods/material reced on 31st March but,invoice yet not received.
Audit 
