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TDS Payment Transaction using Tally.ERP9

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

Example-1 : (Payment of TDS to the Government Directly )

On 05-05-2019, ABC Company paid TDS Deducted in the month of April 2019 to the Government directly

To record a payment transaction

1.  Go to  Gateway of Tally  >  Accounting Vouchers  >  F5: Payment .

2.  Click  : 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:

Payment of TDS to the Government Directly using TallyERP9
(Fig-34)

11.  Press Enter .

12.  Enter the Bank Allocation details as required .

13.  Enter Narration , if required.

The Payment invoice appears as shown below:

Payment of TDS to the Government Directly using TallyERP9
(Fig-35)

14.  Press Ctrl + A to save the invoice.

Example-2 : (Payment of TDS to the Government on behalf of Third Party)

On 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:

Payment of TDS to the Government on behalf of Third Party using TallyERP9
(Fig-36)

5.  Press Ctrl+A to save.

 
TDS on Advance Payment using Tally.ERP9 TDS Using Tally.ERP9 Form 26Q (TDS) Report in Tally.ERP9


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