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
[13-5]
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
[13-6]
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