Answer Posted / subramanian. r

Provident Fund percentage is 12%

It calcuates per month (basic + DA) salary or and (Basic
Salary) which ever is applicable in the stated salary

Example:

An employee get a salary Rs.5000/- that is Basic Rs.3000 +
Allowance Rs.2000/-)

EPF = 3000 * 12% = Rs.360

He gets a net salary Rs.4640 (Rs.5000-Rs.360)

Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?

3800

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as  per partnership deed, salary to working partner is rs 8000/ per month (96000 annually), suppose if i have book profit of rs 50000/ only,then what is the procedure to give salary

2484

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How you can adjust entries into account?

1134

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Tell us in accounting, how do you define premises?

1044

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audit under section and penalty under saction scurtiny under saction

2101

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1. how to pass TDS entry in tally 2. how to pass service tax entry in tally 3. how to pass depreciation entry in tally 4. what is percentage in TDS and service tax

2159

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How many accounting standards are currently published?

1063

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Is it mandatory for the employees staff of a School, if so give details

2052

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How to pass accounting entry for a tender cost and under which head? and how to show joint venture in venture's accounting books?under which head?

2502

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Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.

1850

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Tell me what would you say are the most important qualities of an account manager?

923

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please advice example of any single journal entry which include all 3 accounts i.e personal, real & Nominal a/c.

2246

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What are the important things to be remembered while preparing a bank reconciliation statement?

1051

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WHETHER CAPITAL RESERVE CREATED OUT OF SALE OF FIXED ASSETS OVER AND ABOVE THE COST BE TRANSFERED TO PROFIT AND LOSS ACCOUNT

1997

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What are the different types of gst?

1075

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