Quick Setup - Tax Deducted at Source

Quick Setup for Tax Deducted at Source in Tally.ERP 9 helps you to configure statutory setup required to maintain the financial records  of TDS.

To configure statutory setup for Tax Deducted at Source

Go to Gateway of Tally > Quick Setup > Tax Deducted at Source.  Quick Setup screen for Tax Deducted at Source will be displayed as shown

From this screen you can make required basic configurations like, company TDS details and  masters to account statutory transactions. It also allows making advance configurations wherever applicable.

Configuration details will be displayed below the setup options once the configuration is done. Otherwise application will display the status as Not Configured for Company Setup and 0 of 0 Configured for other setups (Masters/Advanced setup).

Procedure to Quick Setup for Tax Deducted at Source

1. Company Setup

Company Setup guides you to update relevant TDS details . To know how to update TDS details Click on the link,  C:Company TDS Details Setup screen

C : Company TDS Details

Note: To move from one setup to another setup use Arrow (up and down) Keys.

2. Master Setup

Master Setup guides you to create masters like Expenses ledgers, Party ledgers and  Tax ledgers by enabling relevant TDS options in the masters. For more details on master creation Click on the below links.

X : Expense Ledgers

T : Tax Ledgers

A : Party Ledgers

3. Advanced Setup

Advance Setup is an optional (not a must) setup. Advance set up is required, only when you want configure for Lower/Zero deduction, to calculate surcharge or income tax by ignoring the exemption limit and to deduct TDS in the same voucher if applicable.

Advanced Setup guides you to configure for lower/zero Deduction,  calculate surcharge or income tax by ignoring the exemption limit and to deduct TDS in the same voucher if applicable. For more details on advance setup Click on the below links.

Note: To view the advance setup options press Enter from Advanced Setup or press F5 key or click on F5: Show Adv config button in the buttons bar.

L : Configure Lower Rate Deduction (Sec 197)

Z : Configure Zero Rate Deduction (Sec 197A)

S : Ignore Surcharge Exemption

I : Configure Income Tax Exemption

A : Configure Auto Deduction in same voucher if applicable

4. Q : Quit

To quit from Quick Setup- Tax Deducted at Source screen press Alt+Q or select Q: Quit and press enter.


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