How to Activate of TDS in Tally Prime?
Step: GOT > F11
Activate the Option “Enable Tax Deducted at Source (TDS)”, Like that Following Screenshot:
Ø Press ‘Enter’ to filling all TDS details
Ø After Pressing Enter, Company TDS Deductor Details screen appear like following screenshot:
Ø Press F12 & Enable the all option for more Details to fill about Deductor like, this following screenshot:
Ø Press Enter or Ctrl+A to save configuration.
Ø After Enable the all option in configuration screen, TDS details screen will shown like that following screenshot:
Ø Fill all Company TDS Details for Deductor like,
· TAN registration number: Type TAN registration Number which is created in time of
TAN applied. Like I type ‘T258582HKL’
· Tax deduction and collection Account Number (TAN) : Enter the TAN Number of
Deductor. Like I enter “DELA02545I”
· Deductor type : Select Deductor type from list like I select I ‘Company’
· Deductor branch/division : Type the Branch of Deductor, like I Type ‘New Delhi’
· STD Code : Type STD Code of Deductor like I type ‘011’
· Phone No : Type Phone Number of Deductor like I type ‘8544555697’
· E-mail : Type E-mail ID of Deductor like I type ‘ajay@gmail.com’
· Set/alter details of person responsible : If you want to fill all details about Deductor then set to this option ‘Yes’
Ø After Set to this option ‘Yes’ a new window appear fill all Personal details of Deductor like that screenshot:
Ø For Save this details & return back in company details screen Press ‘Ctrl+A’ or Enter
· Ignore IT exemption limit for TDS deduction: If you want to ignore Exemption limit of
income tax for TDS deduction then set to this option ‘Yes’. Like I set to this option ‘No’
· Activate TDS for stock items: If you set TDS rates in stock Item then set to this option
‘Yes’. I set to this option ‘No’.
· Provides surcharge and cess details: If you also apply Surcharge and cess rates for TDS
nature of Payments then set to this option ‘Yes’.
Ø After set to surcharge and cess option ‘Yes’ a new window appear like that following
screenshot:
Ø In this screen you can fill all details related to surcharge and cess. Like
§ Residential Status – in this field select Deductee residential status that means your Deductee type are resident or non-resident. Select any one form them like, I select ‘resident’.
§ Deductee status – in this section select your deduct type from list. I select
“Individual/HUF-Resident”.
§ Applicable Date – Type date from which you apply Surcharge and cess rates for
your Deductee like, I enter “01/04/2020”.
§ Cess rates – Type here Rates of Cess which define government like, I type “4%”.
§ Sec. Ed. Cess Rate – Enter here Cess rate of Secondary Education Cess. I leave it as empty.
§ Surcharge Rates – Type rates of surcharge like I type ‘10%’.
§ Exemption Limit – Enter here Exemption limit to surcharge calculation like, I enter 5000000.
Ø
Fill all details in TDS Surcharge Details screen like following screenshot:
Ø Press Ctrl+A to save this screen
Ø After filling all Above details in Company TDS Deductor details screen, Final screen of shown like this following screenshot:
Ø Press Ctrl+A to save this screen
Ø Again Press Ctrl+A to save Company feature screen changes
