TDS Entres in Tally

1. Create Maters
Step 1: Enable TDS under Feature Menu
Gateway → Company (alt K) -> Features or PRESS F11 shortcut key
Step 2: Create TDS Nature Of Payments
Example: Tds for Rent
Gateway→ Create → TDS Nature of Payments
Step 3 Create TDS ledger under Duties & Taxes
Gateway → Create → Ledger
Step 4: Create Creditors Ledger with TDS Applicable
Example: Land Lard, employees, any Contractors

2. Enter Vouchers with TDS Deductions

Example : Rent Paid to Land lord 300000
Gateway→Vouchers → Journal ( or F7)
Dr Expense Ledger (ex Rent) 300000
Cr Creditor Ledger(Ex Land Lord) 270000
Cr TDS 30000
3. Reports for TDS
Gateway➔ Display ➔ Statutory Reports➔TDS
 TCS Entres in Tally (Tax Collection at Source)
Tcs Collect from Debitors (like Scrap Sales)
1. Create Maters
Step 1: Enable TCS under Feature Menu
Gateway → Company (alt K) -> Features or PRESS F11 shortcut key
Step 2: Create TCS Nature Of Payments
Example: Tds for Scrap
Gateway→ Create → TDS Nature of Payments
Step 3 Create TCS ledger under Duties & Taxes
Gateway → Create → Ledger
Step 4: Create Debitors Ledgers with TCS Applicable
Example: Customers

2. Enter Vouchers with TCS

Example : Scrap Sales to Rao Customer Rs 100000 worth
Gateway→Vouchers → Sales ➔ ( or F8)
Note: Change mode as Account Invoice
Party Name: Rao
Particulars Rate per Amount

Rao 100000
TCS 2000
Customer Pays 1,02,000
3. Reports for TCS
Gateway➔ Display ➔ Statutory Reports➔TCS
 Pay Roll Process
1. Create Maters
Step 1: Enable Payroll under Feature Menu
Gateway → Company (alt K) -> Features or PRESS F11 shortcut key

Create Maters
Employee Group (optional)
Employees
Units(works) Days / Hours
Attendance/Production
Present (Leave with Pay - Days)
Absent (Leave Without Pay - Days)
OT (Overtime Working – hours)
Pay Heads
Basic earnings for Employee Ones Set
Da “ Compute % of basic
HRA “ Compute % of Basic
Any other (Sp. Allowence) user input
Pf Deductions from Employee. % of basic
Any other (Sp. Deductions) user input
Salary Define
Set all heads with values for each Employee.
Create Voucher
(Monthly/weekly / fortnightly Once)
Gateway ➔ vouchers➔other vouchers(f10) ➔ Payroll
Attendance
Payroll (Autofill)
Pay Reports

Gateway➔display➔payroll Reports
Payslip
Paysheet
Registers