How to make calculation of salary for an employee of an
Indian company? Please give me an example to understand,
also consider all the aspect of salary?
- 2 Answers
- 4784 Views
- Tally Solutions, I also Faced
- E-Mail Answers
Answer Posted / bharathi
FIRST TO ARRIVE THE SALARY - (NO OF WORKING DAYS + PAID LEAVE + PAID HOLIDAYS (25+4+1) = 30 DAYS)25 WORKING DAYS + 4 SUNDAYS + 1 FESTIVAL HOLIDAY = 30 - (NO. OF DAYS WORKED TO BE CALCULATED + PAID HOLIDAYS + FESTIVAL HOLIDAYS TO BE ARRIVED FOR EACH EMPLOYEES) THEN BASIC + DEARNESS ALLOWANCE (IFANY) + HOUSE RENT ALLOWANCE + CONVEYANCE/TRAVELING ALLOWANCE + SHIFT ALLOWANCE ETC TO BE CALCULATED ACCORDING TO THEIR WORKING DAYS LESS: ESI - PROVIDENT FUND - PROFESSIONAL TAX / TAX DEDUCTED AT SOURCE (192B) - ADVANCE = NET SALARY TO BE PAID
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Hi All, Can any body Explain the End to End Flow of Product Costing in SAP with Integration Point and Journal Entries Involved in the Flow ?
Richman Corporation has 120,000 shares of $5 par value common stock outstanding. It declared a 10% stock dividend on June 1 when the market price per share was $12. The shares were issued on June 30. Instructions: Prepare the necessary entries for the declaration and payment of the stock dividend.
The claim recoverable has been settled with the insurance company for 2000.what is the actual stock lost value? Please give me in calculation.
How many invoices on average do you handle on a weekly/monthly basis?
Please help me with the accounts head for the below ledgers for e.g. for Salary A\c - Indirect Expenses is the account head in tally. what is the account head for below ledgers. Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary A/c Dr. xxx To EPF Payable (employees' contribution only) xx To ESI Payable (employees' contribution only) xx To PT Payable (deducted from employees only) xx To TDS Payable (if deducted from employees' only) xx To Salary Payable (net amount only) xxx Salary Payable A/c Dr. xxx To Cash / Bank A/c xxx
You are a B.E Student? How can u manage Banking?
WHAT ABOUT YOUR SELF IN ACCOUNTING SYSTEM
Tell us in balance sheet, where do you show tds?
x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?
Tell us how can you define departmental accounting?
Explain me bills receivable?
IF ONE SUB CONTRACTOR GIVE US BILL OF RS.120000 FOR APRIL,RS.110000 FOR MAY & RS.180000 FOR JUNE WITH LABOUR CHARGES INCLUDING VAT @12.5%.HOW MUCH AMOUNT SHOULD WE DEDUCTED AS A WCT TAX?
Tell us in accounting, how do you define premises?
What is the formula for acid test ratio in accounting?
Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?
