you will be required to post the salary cost and depreciation that have been previously entered. After posting journal entry you will receive expenses in the general ledger, related to the capacity costs and work centers.
the pensioner used to get a starting pension of 50% of the last drawn salary. This was a defined benefit system, unlike NPS which is a defined contribution system. Do check thedifference between NPS and OPSto know more.
On Employee’s contribution under Section 80CCD(1):Employee’s own contribution is eligible for tax deduction under sec 80 CCD (1) of Income Tax Act up to 10% of salary (Basic + DA). This is within the overall ceiling of Rs. 1.50 Lacs under Sec. 80 CCE of the Income Tax Act. On...