How To Record TDS Transaction In Tally Prime |Enable TDS In TAlly Androidpro.in

TDS Full Form Is “Tax deduction at source” means of collecting tax on income, dividends, or asset sales by requiring the payer to deduct tax due before paying the balance to the payee. Under the Indian Income Tax Act of 1961.You Need A Company In Tally Prime For Record TDS Transaction In Tally. In This Post You Will Learn About To "How To Record TDS Transaction In Tally Prime Step By Step Guide.

Step 1 Create Company 


Step 2 Enable TDS In Tally Prime By Press F11 Key

After Create Company You Have To Enable TDS Feature In Tally Prime For Record TDS Transactions. Press F11  Key For Enable TDS In Tally Prime. As You Tap Yes Then You Have To Fill TDS Details.


Step 3 Record TDS Details And Responsible Personal Name 

As You Press Yes - On Enable Tax Deducted At Source (TDS), Here Fill These Details Like This 


Note : Set / Alter Details Of Person Responsible 


Fill Details Like This 


 TDS Ledgers And Nature Of Payment

Nature Of Payment

Expenses

Section

Threshold Limit

Rate Of Tax

Fee For Professional Service

Audit Fee

194K

30,000

7.5%

Monthly Salary

Salary

192L

600000 Year

10%


Step 4.1 Nature Of Payment Creation  Fee For Professional Services 

Gateway Of Tally >> Create >> TDS Nature Of Payment >> Create 


Step 4.2 Press F12 For Configuration

Press F12 For Configuration Setup 


Step 4.3 Nature Of Payment Creation Monthly Salary 

Gateway Of Tally >> Create >> TDS Nature Of Payment >> Create 


Step 5.1 Ledger Creation Audit Fee

Gateway Of Tally >> Create >> Ledger 

Now We Have Required Ledgers For TDS Record Create 


Step 5.2 Ledger Creation Create Salary A/c 

Gateway Of Tally >> Create >> Ledger


Step 5.3 Ledger Creation Create TDS On Audit Fee

Gateway Of Tally >> Create >> Ledger


Step 5.4 Ledger Creation Create TDS On Salary 

Gateway Of Tally >> Create >> Ledger



Step 5.5 Sundry Creditor Ledger Creation TATA PVT LTD 

Gateway Of Tally >> Create >> Ledger >> Create 


Step 5.6 Sundry Creditor Ledger Creation Ankit Mishra

Gateway Of Tally >> Create >> Ledger >> Create 


 
Step 6.1 Pass Journal Voucher 

Gateway Of Tally >> Vouchers >> Journal Voucher


Step 6.2 Pass Journal Voucher

Gateway Of Tally >> Vouchers >> Journal Voucher


7 Go to Balance Sheet 

Gateway Of Tally >> Balance Sheet >> Current Liability 

Click On Current Liabilities


Press Alt + F1  For Details View 


Step 8.1 Pass Payment  Voucher 

Gateway Of Tally >> Vouchers >> Payment Voucher


Set Adjustment 


Step 8.2 Pass Payment Vouchers 

Gateway Of Tally >> Vouchers >> Payment Voucher


Set Adjustment 


Step 9 Go to Balance Sheet

Gateway Of Tally >> Balance Sheet >> Current Liability
Click On Current Liabilities



Now Your TDS Paid 


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