0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Gross salary in India?
gross salary=net salary+deduction
What is consolidated salary?
It is a Gross salary which have no any deduction such as EOBI,PF,and medical. when it deduction from gross salary is called net salry. Regards,umar shahzad Gujjar M.COM
What is maximum salary for esi deduction?
Rs 10000/-
If salary is less than 10000 then no tax deduction and 4 percent of salary will be deducted as Well-fare fund every month?
i) If salary is less than 10,000 then no tax deduction and 4% of salary will be deducted as Well-fare fund every month.
What is accounting entry for fine deductions from salary?
Debit salary expenseCredit cash (balance figure)Credit fine deduction
What is an allowable compensation deduction?
In many business situations, the amount of executive salary (or partnership salary) that is deductibel is restricted for tax purposes.
What is total deduction gross to nett salary in Hungary?
ghol di ghaim
What is the journal entries for salary is paid to him?
The journal entries for salary payments are (Dr = debit, Cr = credit): Dr Salary Expense (P&L) - Gross Salary Cr Expense Deduction A/c (Bal Sheet) - Salary Deductions Cr Cash (Bal Sheet) - Net Salary paid to employee Then when the salary deductions are paid over, usually the following month the entries are: Dr Expense Deduction A/c (Bal Sheet) - Salary Deductions Cr Cash (Bal Sheet) - Salary Deductions
Is provident fund a part of direct wages or an overhead?
Pf deduction from your direct wage direct wage-your basic salary (12 percent deduction from employee,13.61 from employer).
If your cost-to-compnay is 9914 rupees then after all deduction what is your net salary?
Less 12% on your Basic salary for Providend Fund, rest is yours Hope this helps
What is the rate of tds?
TDS Means Tax Deduction At Source .... Tax is the applicable Rate is to be deducted from the salary from the employee at the time of paying/ crediting the salary.... TDS rate is Depending on Basic amount ...
Is minimum wages the lowest basic pay on which pf is to be deducted?
Pl. tell me minimum basic salary/wage for pf deduction
