Answer / sandeep

1.salary a/c Dr. 100

to ESI a/c.(employee) 1.75
to EPF A/c.(Employee) 12.00
to Salary Payable 86.25
(being Salary Payable for the m/o )

2.esi a/c. (employer)a/c.dr 4.75
epf a/c. (employer)a/c.dr.12.00
esi a/c. (employee)a/c.dr 1.75
epf a/c. (employee)a/c.dr 12.00

to bank a/c. 30.5
(Being esi & epf paid)

Answer / mayank

Salaries A/c .............dr
To PF Payable A/c
T0 ESI Payable A/c
(Being amount deducted from salary)

PF Payable A/c............dr
ESI Payable A/c...........dr
To Bank A/c

Answer / mahesh sharma

On Credit of Salary:

Salary ( including Basic Salary & All Allowances) Dr.
Employer Contribution in PF Dr.
Employer Contribution in ESI Dr.
Adm. Charges for PF DR.
Esi Payable ( both Employer + Employee) cr.
PF Payable ( Both Employer + Employee+ Adm Charges ) Cr.
Salary & Wages Payable Cr.

Pf Payment :
Pf Payable Dr
Cash/Bank Cr.

Esi Payment:
Esi Payable Dr
Cash /Bank cr.

Salary payment :
Salary & Wages Payable Dr
cash/Bank Cr.

Answer / rajesh

Salaries A/c Dr
PF & ESI to be paid A/c Cr
(being amount debited for salries account)

PF & ESI to be paid A/c Dr
Bank / Cash A/c Cr.

Answer / swati ojha

1 Salary A/C Dr
To ESI Employee Contribution payable A/C
To EPF Employee Contribution Payable A/c
To Salary payable A/c


2 ESI Employee Contribution Payble A/C Dr
EPF Employee Contribution Payable A/c Dr
To Bank A/C

3 ESI Employer Contribution A/C Dr
EPF Employer Contribution A/c Dr
To Bank A/C

Answer / ganesh hegde

1. For Deduction of ESI and PF from Salary:
Salary A/c Dr 10,000
To ESI collected A/c 175
To PF Collected A/c 1,200
To Salary payable A/c 8,625

2. For payment of salary:
Salary Payable A/c 8,625
To Bank A/c 8,625

3. For Payment of ESI & PF:
ESI A/c 175
PF A/c 1,200
ESI Collected A/c 175
PF Collected A/c 1,200
To Bank A/c 2,750

Note: 1. Salary appears at Rs.10,000 in P&L A/c.
2. Employers portion of ESI & PF appears in P&L A/c.
3. Employee's share collected is a liability to the
Employer.

Answer / gangaraju t c

(1) For Journal Entries for Salary account

Dr. Salary account (Gross)

Cr. TDS on salary*

Cr. Professional Tax payable*

Cr. EPF-Employee contribution payable*

Cr. ESI-Employee payable contribution payable*

Cr. Salary Payable


Note*:
(a)TDS on salary - According to the IT Act If the annual
salary of the individual exeeds slab rate (Slab rate may be
vary from year to year asper union budget)after 80C, 80D,
80G, average rate deductuble.

(b)Profession Tax - the state governments collect the
tax .this tax on profession vary from state to state.

(c)EPF & ESI-Employee Contributions - EPF is 12% & ESI is
1.75% should be deduct from the Employee.

All are above comes under the sub-head payables under
liablities side. Because those all are above mentioned are
deducted by employer should submit to concerned departments
as acts & rules.

(d)salary payble - this is the net salary to be paid to
employees after deduction of (a), (b) & (c) also comes
under the sub-head payables under liablities.


Employer contribution to EPF & ESI are Comes under Indirect
Expenses.

Journal Entries for the payment of all above

Dr. TDS on salary
Dr. EPF employee contribution
Dr. ESI employee contribution
Dr. EPF employer contribution
Dr. ESI Employer Contribution
Dr. Profession tax
Dr. Salary
Cr. Cash / Bank

(All are combained entries you can show each seperately
according to your convinience)

Answer / sateesh kumar reddy.p

Salary A/c___Dr.                                10000
Employer-ESI Contribution A/c____Dr.            475
Empolyer-PF Controbution A/c_____Dr.            1200
  Employee-ESI Contribution Payable A/c______Cr.     175
  Empolyee-PF Controbution Payable A/c_____Cr.       1200
  Employer-ESI Contribution Payable A/c______Cr.     475
  Empolyer-PF Controbution Payable A/c_____Cr.       1200
  Professional Tax Payable A/c_____Cr.               150
  Salary Payable A/c_______Cr.                       8625

Here Employer-ESI&PF Contribution A/c's claim as indirect expenses.

Payment Entry.

1.Salary Payable A/c____Dr.            8625 
        Cash/Bank A/c______Cr.              8625
Payment to Employee.

2.PT payable A/c____Dr.                150
        Cash/Bank A/c______Cr.              150
Payment to State Govt.

3.Employee-ESI Contribution Payable A/c____Dr.    175
  Empolyee-PF Controbution Payable A/c___Dr.      1200
  Employer-ESI Contribution Payable A/c____Dr.    475
  Empolyer-PF Controbution Payable A/c___Dr.      120
        Cash/Bank A/c____Cr.                        1970       
Payment to Central Govt.

Answer / vali

salary a/c dr 1000

PF&ESI A/c Cr 200
salary payable a/c cr 800

being salary for the month of june-10

Answer / deepak bisht

journal entry:

salary a/c dr.
to salary payable a/c cr.
to esi a/c cr.
to epf a/c cr.

esi & epf paid entry:

esi paid a/c dr.
epf paid a/c dr.
to bank a/c cr.

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