how to record journal entry for tds on salary on quarterly
basis?
- 28 Answers
- 71381 Views
- HDFC, Reliance, TCS, Duravit, Bharat Trading, BTA, Metatron, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / vishakha gandhi
salary A/c Dr. 10000
to Bank A/c 9000
to TDS payable A/c 1000
TDS paid to Govt.
TDS payable A/c 1000
to Cash / Bank A/c 1000
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / amit shelar
Salary A/c ( indirect exp ) Dr.
to xy ( sundry creditor)
to tds on salary ( duties & taxes )
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / rakesh singh
Salrary a/c dr. 50000/-
To Tds payable a/c 5000/-
To Salary payable a/c 45000/-
Salary payable a/c Dr. 45000/-
Tds payable a/c Dr. 50000/-
To bank a/c 50000/-
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / ravinder yadav
1. Salary a/c Dr. 30000
To TDS a/c Dr. 5000
To Salary Payable 25000
(Being Salary and TDS due)
2. TDS a/c Dr. 5000
Salary Payable Dr. 25000
To Cash/Bank 30000
(Being salary paid)
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / prafulla kumar patra
salary A/C.......dr
To TDS a/c
To Salary payable a/c
&
TDS a/c.............Dr
Salary payable a/c....Dr
To Cash/Bank
AND FINAL ENTRY IS BELOW:
SALARY A/C.........DR
TO CASH/BANK A/C
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / ravi naidu
salary a/c Dr 45000
tds a/c Dr 5000
To cash a/c 50000
| Is This Answer Correct ? | 10 Yes | 13 No |
Answer / pramod shukla
Mr A 27000.00
tds a/c 300.00
to Salary 30000.00
| Is This Answer Correct ? | 15 Yes | 28 No |
Answer / manisha naresh sagwekar
salary a/c.......dr 30000
to salary payable 30000
salary payable a/c ...........dr 5000
to tds on salary 5000
cash a/c ......dr 25000
to salary payable 25000
| Is This Answer Correct ? | 38 Yes | 60 No |
hi,i want to kow the difference between withholding tax and service tax.what is the procedure of calclation of the two.please help.its urgent.
CAN TDS BE DEDUCTED IF LABOUR CHARGES ARE PAID IN CASH
pls provide Latest Slab of Profession Tax of year 2008-09
My question is that if only 20% amount of lic is elgible in one financial year for tax exemption, than one time instalment in lic is elgible for tax exemption ?. for suppose i invest 25000 Rs. only one time in lic.pls. tell me it is elgible or not.
Where can i get IFAM Banglore details, i came to know that there they are giving Accounts & Taxation Training on Real Projects, and they are providing Job after training. I got one number that is not reachable i.e 9591777526. Please give me if any one knows this Institute details.
What is the form H in case of sale to export? what is the sale against form "H"?
what is all tcs rate
We have purchased staples Item & vendor charged freight in his invoice.should we deduct TDS on freight charges by vendor?
How to do entry for Income Tax Refund ?
If we purchase material against Form-C from Mumbai and two address mentioned in the invoice i.e.invoiced address - Delhi and Shipped address-Banglore(material delivered address).So,from-C should be issued from which state.
if mr.X get 2,00,000.00 per month salary. than how we will calculate his tds.
What is the QIS Report? what is the use of QIS Report in brief?
6 Answers Agarwal Associates, Capital IQ, Morgan Stanley,
Audit 
