Pls let me know how to calculate TDS n on what basis is it
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Answer Posted / bikram mandal(accountant)
T D S MEANS TAX DEDUCTION SOURCE, THE ENTRY WILL BE ..........
1)SALARY A/C DR ...........5000
TO TDS 2 % 100
TO BIKRAM MANDAL 4900
2)BIKRAM MNDAL A/C DR. .........100
TO T D S 2% 100
3)GOVT. A/C DR. ..........100
TO BANK 100
4)BIKRAM MANDAL A/C DR. ......100
TO BANK ...........100
| Is This Answer Correct ? | 3 Yes | 1 No |
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