How to Pass Journal Voucher Entry to Deduct TDS in Tally Prime?

Step: GOT > Voucher > F7

Ø In Journal Voucher screen Pass entry in Dr & Cr mode like,

· Dr – Select Expense Ledger like I select “Rent on Land” – Type 250,000

· Cr – Select Deductee to Payment Expense like, I Select “Mahesh Gupta” –Amount Auto fill

Ø After selection Deductee bill wise details screen appear, in this screen only press enter to go to return Journal voucher screen

· Cr – Select TDS ledger for TDS deduction like, I select “TDS on Rent”. – Amount Auto fill

Ø
Fill all above details like following screenshot:

Ø Press Ctrl+A to save this screen

Ø Practice Exercise for Pass Voucher Entry Deduct TDS from Payment, for You

1. For Professional fees

· Dr – Audit fees – 40000

· Cr – Ritesh Kumar – Amount Auto fill

· Cr – TDS on Professional fees – Amount Auto fill

2. For Horse Race

· Dr – Horse Race Expense – 20000

· Cr – Nitish Pandey – Amount Auto fill

· Cr – TDS on Horse Race – Amount Auto fill

· Process 7: Show TDS Reports