Creating a Tax Ledger

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

• Press Enter to accept and save.

Note: Tally.ERP 9 provides you with the flexibility to use a common Duty ledger for different TDS Nature of Payments by selecting the Nature of Payments as Any.