Printing TDS Deposit

TDS deposit challan is available after accepting print option.

TDS Challan Printing

To print the TDS challan, after saving the Payment voucher, click on the print button. Printing dialogue box is activated. Then fill up general printing specification and select 'yes' to print as TDS challan option.

TDS Deposit to Government

TDS so collected from payments is required to be deposited to the bank. Then challan is required to be created. It can be created using TDS Helper button in Payment voucher mode. It will lead you to TDS filters. Fill up the criteria. Then fill up the following :

TDS ledger : Give the particular expense account.

Deductee status : Give here the information that the company is a company or non-company.

After entering the details select the bank account and then accept payment voucher screen and save the entry.

After Deducting TDS, Payment to Party

After the journal entry, the payment entry to the party is to be made. Open the payment voucher(Gateway of Tally -> Accounting Vouchers -> F5) and select the party ledger, to get the screen for bill allocation. Bills which are yet to be paid are shown here after deduction of TDS. Select the bills to be paid.

Expense Booking

You can make payment after deduction of TDS and book the expenses at the same time, using Journal Voucher(F7).
Go to Journal Voucher screen(Gateway of Tally -> Accounting Vouchers -> F7), select the expense ledger in the particulars column and enter the amount in the Debit column. Then select the name of the party, from whom TDS is to be deducted. Press enter. You will be able to view Bill-wise Details.
In Bill-wise Details screen, select the New Ref under Method of Adj., enter other details, then select the TDS ledger from the list, the rate will be displayed automatically. Press 'Y' to accept the voucher.