Question { 8174 }

WHAT IS THE AMOUNT LIABLE TO THE DEDUCTION OF ESIC?

Answer

The new amendment rule says, for applicablity of ESIC the employee must have Gross Salary 15000/-.

Question { Maersk, 69975 }

what is entry for depreciation?

Answer

Depriciation A/c
To Fixed assets A/c

Being depriciation comes in a nominal account rule and
rule of nominal a/c is dr all expenses and losses and cr
all income and gains

Asset comes in real a/c and the rule for real account is dr
what comes in and cr what goes out. thats after
depreciating the assets its value becomes to zero in the
end thats why the above entry.

Question { 7193 }

I am George Moses from Mumbai I am asking the how to
clculate the TDS on Labour ? Sub LAbour.

Answer

The TDS on Contractor is 2%, and in case of Sub-Contractor it is 1%.

Question { 7271 }

i am peeyush tiwari working in ignou as accounts assistant
my salary is 8000/-pm i want to know that how much tds i
have to pay and how and my job nature is contractual basis

Answer

Dear piyush tiwari

You dont have pay tds as ur salary does not come in the
slab of deducting TDS
u r salary comes to Rs:96000/- yearly on the calculation
of 8000*12 = 96000/- the TDS has to be paid after deducting
when it goes to 1,50,000/- yearly.

Question { 7312 }

what is IPO

Answer

Intial public offer