Salary account under which head
WebApr 8, 2024 · The amount of Prepaid salary is deducted from salary and shown on the debit side of the profit and loss account. It is further shown under the head current asset in the … WebApr 14, 2024 · 1. Expenses or indirect costs which are not directly related to the core “product” or “service” of the company are termed indirect expenses. 2. They become a part …
Salary account under which head
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WebSep 9, 2024 · A resident individual having total income up to Rs 50 lakh from salary, ... (in case more than 1 bank account is reported). Even if a bank account has been closed during FY 2024-21, it must be reported. ... - Income chargeable under the head 'Salary'. WebSelect Indirect Expenses under the group (which is reflect in your profit and loss account). Affect Net Salary to yes, if you want the pay head to affect net salary. Enter the pay head …
WebNov 17, 2024 · As a member, you'll also get unlimited access to over 88,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized … WebHeads of salary Calculation applicability; PF: 12% of Basic+DA: Company with atleast 20 employees: ESI: 4% of gross salary (If applicable) . Employees’ contribution – 0.75% …
WebThe Singapore Salary Report 2024 is here! All you need to know about salaries, trends, bonuses, market sentiment and more. ... (53295516A)) operating as an Employment … WebMay 21, 2024 · This first sub-head under the head 'Salary' is divided into three components: (i) Salary as per section 17 (1) (ii) Value of perquisites as per section 17 (2) (iii) Profits in lieu of salary as per section 17 (3) The information asked under the head 'Gross salary' in ITR-1 is provided in a similar format in part-B of one's Form 16.
WebAug 20, 2024 · Replied 15 September 2024. When accounting the Professional Tax & Salaries: Salaries & Allowances A/c ( Indirect Exps ) Dr Professional Tax (Duties & Taxes ) To Sundry deductions A/c (Salary Advance, etc., if any) To Professional Tax Payable A/c ( Current Liability ) To Employees a/cs ( Creditors for Exps ) 2) When Making Payment: …
Web(H). Table Graphical Presentation of Salary Income (Section 15 to 17) 'Charge' under head Salary (Section-15) Allowance under the head Salary. Deduction U/s 16(ii) : Entertainment … how to install thin brick on drywallWebSep 26, 2012 · To create the account heads in tally, you have to follow the following procedure:-. First of all, open tally.erp9 program. Now, select the company in which you … joplin alarm notificationWebThe Government employee is, then, entitled to deduction from gross salary under section 16(ii) on account of such entertainment allowance to the extent of minimum of the … how to install thin brick interiorWebJun 7, 2024 · Salary Account comes under which head. A). Indirect Incomes. B). Indirect Expenses. C). Direct Incomes. D). Direct Expenses 1 answers. 31 vote . Answered by … how to install thin brick flooringWebCreating Salary Payable Account Ledger Master in Tally. The steps to create the salary payable master are as follows: - Step 1 - On the gateway of Tally, click on the Accounting … how to install the weather appWebApr 4, 2024 · Accounting: Under Which Head Does A Salary Account Belong? A Deeper Look into Salary Accounts. While anyone can open a regular savings account, only salaried individuals can start... Benefits: Salary account vs Savings account. We have already … how to install the xray texture packWebAnswer / ajinkya3089. 1) If company has paid the salary then following condition. apply. salary is the indirect expenses of the company.and we have. posted entry as a profit and … joplin a/c mckinney tx