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In this video. Sir have mentioned that wage payable include statutory employer payment. How does employers statutory payment involves in payable. Video Details ------------- Cost and Management Accounting Employee Cost #4. Statutory Deductions
Answers (4)
Thread Starter
07- Issac Jolly-XII CNo sir, my question was does employers contribution will be involved in wage payable
After calculation of wages by payroll department, both employees and employers contributions to pf, insurance which are included before get deducted now and also statutory payments by employer like tds is also deducted and the remaining wage is payable to employee