the Tax deducted during a month is to be paid to the credit of Government on or
before 7th of the next month. In case 7th of the month happens to be a Sunday
or a bank holiday payment can be made on the next working day.
amount shall be paid to the government account through any designated branches
of the authorised banks, along with Income Tax Challan No.281.
Tally.ERP 9, from Release 2.0 all the Tax/Duty payments have to recorded using S: Stat Payment Button to auto compute
or manually enter the TDS amount to the government.
Procedure to record TDS payment entry
to Gateway of Tally> Accounting Vouchers >
In the Payment Voucher specify the payment date and click on S: Stat Payment (or press Alt+S)
In Statutory Payment screen
In Type of Duty/Tax field select the Duty/Tax Type for which the tax
payment to be made. select TDS from the list
Note: The Types
of Duty/Tax will
be displayed based on the statutory features enabled in F11: Features for the Company.
Fill Statutory Payment:
Set this option to YES to auto calculate and
fill the duty payable to the Government. Set this option to NO, if the user wants to manually select the duty ledger and duty
bills. ABC Company wants the tax details to be auto filled to the payment voucher, hence the option Auto Fill Statutory Payments is set to Yes.
On setting the option of Auto Fill Statutory Payment to Yes, based on the Type of Duty/Tax selected Tally.ERP 9 displays the appropriate
fields to fill the details.
In Section field select the section for which the payment is pending
In Nature of Payment field select the nature of payment towards which
the payment to be made.
In Deductee Type select the applicable deductee type
In Cash/Bank field select the bank through which the payment is made
Completed Statutory Payment screen is displayed as shown
Press enter to accept.
The TDS amount payable will be auto calculated and displayed with the bill reference
Set the option Provide Details to Yes to enter the challan details
In Provide Details screen enter the payment details like, Period for which the payment is made, Cheque/DD number, Cheque/ DD Date, bank details,Challan Number and Date.
Completed Provide Details screen is displayed as shown
Payment Voucher is displayed as shown