Skip to Content

Symbolic Account setup for Statutory Technical/Custome wagetypes-India payroll

Hi Experts,

I am setting up the posoting charectristics for wage components.

My issue here is with PF,Labor welfare fund & professional tax.

these are the components those have to be setup for posting, plz let me know if i am missing any.

EDLI contri * 1,00,000

EDLI adm chrgs * 1,00,000

PF adm chrgs * 1,00,000

Ee PF contribution

Er PF contribution

Er Pension contribution

Professional Tax,

Professional tax Basis,

Professional Tax Split Period

LWF employee Contribution

LWF Employer Cntribution.

How many symbolic accounts which are important, has to be setup for passing these components to FI.

For PF -Through different threads i came to know that these components each will have 2 different GLs as these are liabilities of the company.

So total 10 GLs(or more if i have missed out on any component).

What about the Professional, Tax which components are important

Please share your valuable in puts in this regard.

Thanks.

Add comment
10|10000 characters needed characters exceeded

  • Follow
  • Get RSS Feed

1 Answer

  • Jun 06, 2016 at 12:04 PM

    Hi Experts,

    Can anybody please help me out with understanding the above query.

    Thanks.

    Add comment
    10|10000 characters needed characters exceeded