tds,pf,esi,edcation.callculation, and salary preparation
- 3 Answers
- 6440 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / priya
this is caliculated at the time of salary preparations, tds
willbe deducted as per the slab limit of Grass salaray of
the employee,
PF: will be caliculated for all regular employees
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / lakshmi
TDS: Tax deduction at source
PF : Provident fund
ESI : Employee State insurance
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / rajendiranraje@gmail.com
EPF: EMPLLOYEE PROVIDENT FUND
Minimum amount to calculation of epf Rs.6500 for gross
amount.
formula for epf= (Basic salary+Dearness allowance)*12%
due date of epf is 15th every month, grace date is 5 days.
ESI: employee state insurance
ESI percentage is 6.5%
Employee contribution is 1.75%
Employer contribution is 4.75%
formula for employee esi= (gross amount* 1.75%)
formula for employer esi= (gross amount*4.75%)
| Is This Answer Correct ? | 1 Yes | 0 No |
How can Calculate Deferred Tax of Any Firm Like Pvt. Ltd.
what is accrual basis of accounting?explain in detail?
5 Answers Deloitte, Northern Trust,
Financial Management What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hands to meet its obligation at all times?
what is runing finance?
Features of Fixed Capital
Tell me deferred taxation is a part of which equity?
What is menat by INVOICE?
From the following Trial Balance of Seema Garments as on 31st Dec., 2007, prepare Trading Profit and Loss Account and Balance Sheet: Dr. Rs. Cr. Rs. Opening Stock 15000 Purchases and Sales 109000 180000 Manufacturing Wages 8000 Fuel, Power and Lighting 12000 Salaries 11000 Income Tax 5500 Loan to Mr. X at 10% pa. 5000 Interest on Mr. X’s Loan 300 Apprentice Premium 4500 Rent 4000 Rent Owing 600 Furniture (includes furniture of Rs.1000 purchased on 1st July, 2007) 5000 B/R and B/P 6000 1600 Plant 72000 Debtors and Creditors 28000 13000 Capital 100000 Cash 19500 300000 300000 Informations: 1. Closing Stock was valued at Rs. 30,000. 2. Goodsworth Rs. 5000 was sold on 28th December, but no entry was passed to this effect. 3. Goods costing Rs. 7000 was purchased and included into Stock but no entry was passed to record the purchases. 4. Create a provision of 2% for discount on debtors. 5. Apprentice premium received on 1st January, 2007 was for 3 years. 6. Depreciate the furniture by 10% p.a. 7. Salaries for the month of December, 2007 are still outstanding.
Discuss the consistency concept in accounting
I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.
how to prepare bank reconcilliation and send with formate
For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?
Audit 
