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Former Member
Mar 13, 2007 at 02:31 AM

Award amount need to be adjusted through salary

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Hello guys,

I have a scenario in which award amount need to deducted/adjusted through salary which is already paid in cash at the time of declaration. I have no clue as how to deduct award amount as shown in credit side of the salary slip.

SALARY SLIP

Dr. Side Cr. Side

Award (paid in cash is created) 200,000 Award (adjustment) -200,000

Withholding tax 10,000

Thanks in advance

Anand