3/9/22, 8:36 AM Payment Transaction (TDS)

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Payment Transaction (TDS)

You can record a payment transaction with inclusion of the necessary TDS to be
paid to the government.

Scenario 1:
On 05-05-2015, ABC Company paid TDS deducted in the month of
April 2015 to the government directly.

1.
Go to
Gateway of Tally
>
Accounting Vouchers
>
F5: Payment
.
2.
Click
S
: Stat Payment
.
3.
Select
TDS
as the
Tax Type
.
4.
Enter the
Period From
and
To
dates.
5.
Enter the
Deducted
Till Date
.
6.
Select the
Section
from the
List of Section
.
7.
Select the required
Nature of Payment
.
8.
Select the
Deductee
Status
.
9.
Select the
Residential Status
.
10.
Select either bank or cash ledger in the
Cash/Bank
field. The payment
voucher will be automatically filled with the relevant values. The
Statutory
Payment Details
screen appears as shown below:


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3/9/22, 8:36 AM Payment Transaction (TDS)

11.
Press
Enter
.
12.
Enter the
Bank Allocation
details
as required
.
13.
Enter
Narration
, if required. The
Payment
invoice appears as shown
below:

14.
Press
Enter
to save the invoice.

Scenario 2:
On 05-05-2015,
XYZ Company paid the TDS deducted to the
government on behalf of ABC Company.
1.
Go to
Gateway of Tally
>
Accounting Voucher
>
F7: Journal
.
2.
Click
F2: Date
to change the date to
05-05-2015
.
3.
Debit TDS tax ledger.
4.
Credit XYZ Company. The
Journal
invoice appears as shown below:

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3/9/22, 8:36 AM Payment Transaction (TDS)

5.
Press
Enter
to save.

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