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how to record journal entry for tds on salary on quarterly
basis?
- 28 Answers
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Answer / atul parit
1 Salry a/c ..Dr 30000
To TDS a/c 5000
To Salary payable a/c
25000
( Due entry)
2 TDS ..A/c ……..Dr 5000
Salary payable a/c Dr 25000
` To Bank A/c 30000
( Payment entry)
| Is This Answer Correct ? | 320 Yes | 39 No |
Answer / mohd shah alam
salary a/c dr 30000
To salary payable 25000
To tds 5000
(for due)
salary payable a/c 25000
tds a/c 5000
To cash 30000
| Is This Answer Correct ? | 115 Yes | 16 No |
Answer / pramod shukla
salary a/c Dr 30000.00
to cash a/c 27000.00
to tds a/c 3000.00
| Is This Answer Correct ? | 47 Yes | 15 No |
Answer / pramod shukla
Salary A/c Dr 30000.00
Mr A 27000.00
tds 3000.00
| Is This Answer Correct ? | 28 Yes | 8 No |
Answer / sunny
SALARY A/C DR. 50000
TO SALARY PAYABLE 45000
TO TDS ON SALARY A/C 5000
SALARY PAYABLE A/C DR. 45000
TO CASH/BANK A/C 45000
TDS ON SALARY A/C DR. 5000
TO CASH/BANK A/C 5000
| Is This Answer Correct ? | 18 Yes | 1 No |
Answer / n.chandra shekar
salary a/c dr 30000
To salary payable 25000
To tds 5000
salary payable a/c 25000
To cash/Bank 25000
tds a/c 5000
To cash/Bank 5000
| Is This Answer Correct ? | 15 Yes | 0 No |
Answer / praveen kumar
salary a/c dr
tds on salary a/c dr
To cash/bank a/c
@details of employee in narration
without deatails not accepted
| Is This Answer Correct ? | 17 Yes | 11 No |
Answer / naresh sharma
salary a/c dr 45000.00
tds a/c dr 5000.00
Bank cr 50000.00
| Is This Answer Correct ? | 15 Yes | 10 No |
Answer / rakesh padhiary
Salary A/c Dr. 30000/-
To Mr.X 27000/-
To TDS payable 3000/-
(for salary due)
Mr. X A/c Dr. 27000/-
TDS payable A/c Dr 3000/-
To Cash/Bank A/c 30000/-
(Being payment made to Mr.X)
| Is This Answer Correct ? | 5 Yes | 0 No |
What is the due date of P.Tax return filing for Staff? Yearly Tax amount with Rs. 30,000/-
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Hello all , I have a doubt regarding TDS.My salary ranges between 22k to 26 k per month and i have a TDS component cut every month.My doubt is that what is the % of tax ? what are the ways i can get back my TDS and what are the methods that can help reducing tax .And my another doubt is that whether the tax is calculated only on the basic pay or on the whole salary I get ? because my salary has HRA in its component ,will that also be counted in tax calculation or excluded ?
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Audit 
