How to Create TDS Tax Ledgers @ Tally.ERP9

How to create TDS (tax) Ledger in Tally.ERP 9?

In Tally.ERP 9 you can create :

  • Separate tax ledgers for each nature of payment
  • A Common tax Ledger for all the Nature of Payments

1. Create tax ledger with defined nature of payment

To create a Tax Ledger

Go to Gateway of Tally> Accounts Info.> Ledgers> Create

  • Enter the Name of the Tax Ledger e.g. TDS – Contractors

  • Select Duties & Taxes from the List of Groups in the Under field.

  • In Type of Duty /Tax field select TDS from the Types of Duty/Tax list

  • In Nature of Payment field, select Payment to Contractors (Advertisement Contractors) from the List of TDS Nature of Payment.

  • Set Inventory values are affected to No

The completed tax ledger is displayed as shown

Creating TDS Tax Ledgers @ Tally.ERP9

2. Create common tax ledger

  • Enter the Name of the Tax Ledger e.g. TDS Ledger
  • Select Duties & Taxes from the List of Groups in the Under field.
  • In Type of Duty /Tax field select TDS from the Types of Duty/Tax list
  • In Nature of Payment field, select Any from the List of TDS Nature of Payment.
  • Set Inventory values are affected to No

The completed tax ledger is displayed as shown

Creating TDS Tax Ledgers @ Tally.ERP9
 
Company Information @ Tally.ERP9
 
 
 
Group & Ledger
Introduction
1. THE GROUP
2. THE LEDGER
3. VOUCHERS TYPES
Advanced Inventory / Stock
Meaning
Order Processing
Re-Order Levels
Tracking Numbers
Batch-wise Details
Additional Cost Details
Bill of Materials (BOM)
Price Lists and Price Levels
Stock Valuation
Zero Valued Entries
Inventory Ageing Report
Actual and Billed Quantities
 
Advanced Usage of Vouchers
Maintain Bill-wise Details
Cost Center and Cost Category
Interest Calculation
Reversing Journals
Post-Dated Voucher
Memo (Memorandum) Voucher
Optional Voucher
Using Tracking Number
Knowledge Base @ Tally.ERP9
Stock Items
Stock Groups
Inventory Masters
Inventory Vouchers
Inventory Report Statements
Balance Sheet
Accounting Reports
Accounting Vouchers
Interest Calculation
VAT-Value Added Tax
Service Tax
TDS (Tax Deducted at Source)
 
 
Disclaimer :

The names of Companies and persons used in this Website have been used for illustrative purposes only.
The visitors may visit www.tallysolutions.com , the web site of Tally Solutions Pvt. Ltd. for resolving their doubts or for clarifications

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