{"id":111129,"date":"2021-02-26T15:45:37","date_gmt":"2021-02-26T10:15:37","guid":{"rendered":"https:\/\/www.vskills.in\/certification\/tutorial\/?page_id=111129"},"modified":"2024-04-12T14:31:20","modified_gmt":"2024-04-12T09:01:20","slug":"tds-vouchers","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/tds-vouchers\/","title":{"rendered":"TDS Vouchers"},"content":{"rendered":"\n<p>In Tally.ERP, you can account for expenses implying TDS with the help of Payment Voucher, Journal Voucher or Purchase Voucher, as required.<\/p>\n\n\n\n<p><strong><u>TDS on Expenses<\/u><\/strong><\/p>\n\n\n\n<p>To Create the&nbsp;<strong>Journal Voucher<\/strong>,<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Go to<strong>Gateway of Tally &gt; Accounting Vouchers &gt; F7: Journal<\/strong><\/li><li>Press<strong>F2<\/strong>&nbsp;and change the date to&nbsp;<strong>05-04-2009<\/strong><\/li><li>In<strong>Debit<\/strong>&nbsp;field select&nbsp;<strong>Advertisement Expenses<\/strong>&nbsp;from the List of Ledger Accounts<\/li><li>Enter<strong>5,00,000<\/strong>&nbsp;in the&nbsp;<strong>Amount<\/strong><\/li><li>In the<strong>Credit<\/strong>&nbsp;field select&nbsp;<strong>Phoenix Agencies<\/strong>&nbsp;and press enter to view&nbsp;<strong>TDS Details<\/strong>&nbsp;screen<\/li><\/ul>\n\n\n\n<p>Fields in&nbsp;<strong>TDS Details<\/strong>&nbsp;screen:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Type of Ref: <\/strong>Select<strong>New Ref<\/strong>&nbsp;from the&nbsp;<strong>Method of Adjustment<\/strong>. New Ref is selected for new financial transactions.<\/li><li><strong>Name:<\/strong>ERP 9 displays the reference number, which is a combination of abbreviation of Journal and Voucher Number and number of references used in TDS Details (example:<strong>Jrnl \/ 1-1<\/strong>) which can be changed by the user example. TDS payments are tracked with these Reference Numbers<\/li><li><strong>Nature of Payment: <\/strong>Select<strong>Payments to Contractors (advertisement Contractors)<\/strong>&nbsp;from the List of Nature of Payment(s).<\/li><li><strong>TDS Duty Ledger: <\/strong>Select<strong>TDS \u2013 Contractors<\/strong>&nbsp;from the list of TDS Duty Ledgers.<\/li><li><strong>Assessable Amount:<\/strong>ERP 9 defaults the<strong>amount<\/strong>&nbsp;specified against the&nbsp;<strong>expenses ledger<\/strong>&nbsp;and skips the field.<\/li><li><strong>Deduct now:<\/strong> User can set this field to<strong>Yes or No<\/strong>&nbsp;depending on the tax deduction.<\/li><li><strong>TDS Amount: <\/strong>This field displays the Tax amount deducted at source<\/li><li><strong>Payable Amount:<\/strong> This field displays the amount (after TDS) payable to the Party.<\/li><\/ul>\n\n\n\n<p>Press&nbsp;<strong>Enter<\/strong>&nbsp;to accept the TDS Details.<\/p>\n\n\n\n<p>Payable&nbsp;<strong>Amount<\/strong>&nbsp;as calculated in the&nbsp;<strong>TDS Details<\/strong>&nbsp;screen will be defaulted in the&nbsp;<strong>Party\u2019s Amount (Credit)<\/strong>&nbsp;field.<\/p>\n\n\n\n<p>In&nbsp;<strong>Bill-wise Details<\/strong>&nbsp;screen<\/p>\n\n\n\n<p>In the&nbsp;<strong>Credit<\/strong>&nbsp;field select&nbsp;<strong>TDS \u2013 Contractor<\/strong>&nbsp;from the&nbsp;<strong>List of Ledger Accounts<\/strong>.<\/p>\n\n\n\n<p>In the&nbsp;<strong>Amount<\/strong>&nbsp;field,&nbsp;<strong>Rs. 5000 [Bill amount (500000) \u2013 Pending Amount (49500)]<\/strong>&nbsp;is displayed automatically.<\/p>\n\n\n\n<p>Enter&nbsp;<strong>Narration<\/strong>, if required.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/www.vskills.in\/lms\/wp-content\/uploads\/2016\/12\/image186.gif\" alt=\"image186\" class=\"wp-image-76625\"\/><\/figure><\/div>\n\n\n\n<p>Press&nbsp;<strong>Enter<\/strong>&nbsp;to accept and save.<\/p>\n\n\n\n<p><strong><u>Payment of TDS<\/u><\/strong><\/p>\n\n\n\n<p>All the Tax deducted during a month is to be paid to the credit of Government on or before 7th of the next month. In case 7th of the month happens to be a Sunday or a bank holiday payment can be made on the next working day.<\/p>\n\n\n\n<p>TDS amount shall be paid to the government account through any designated branches of the authorised banks, along with Income Tax Challan No.281.<\/p>\n\n\n\n<p>In Tally.ERP 9, from&nbsp;<strong>Release 2.0<\/strong>&nbsp;the&nbsp;<strong>Tax\/Duty payments<\/strong>&nbsp;can be recorded using&nbsp;<strong><u>S<\/u><\/strong><strong>: Stat Payment<\/strong>&nbsp;Button.<\/p>\n\n\n\n<p>To record&nbsp;<strong>TDS Payment using the auto fill of statutory payment<\/strong><\/p>\n\n\n\n<p>Go to&nbsp;<strong>Gateway of Tally &gt; Accounting Vouchers &gt; F5: Payment<\/strong><\/p>\n\n\n\n<p>In&nbsp;<strong>F12: Configure (Payment Configuration)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Ensure<strong>Use Single Entry mode for Pymt\/Rcpt\/Contra<\/strong>&nbsp;option is set to&nbsp;<strong>Yes<\/strong><\/li><\/ul>\n\n\n\n<p>In&nbsp;<strong>Payment Voucher<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Press<strong>F2<\/strong>&nbsp;and change date to<\/li><li>Press<strong>Alt+S or click<\/strong>&nbsp;<strong><u>S<\/u><\/strong><strong>: Stat Payment<\/strong>&nbsp;button on the Buttons Bar to view&nbsp;<strong>Statutory Payment<\/strong><\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/www.vskills.in\/lms\/wp-content\/uploads\/2016\/12\/image187.gif\" alt=\"image187\" class=\"wp-image-76626\"\/><\/figure><\/div>\n\n\n\n<p>In&nbsp;<strong>Statutory Payment<\/strong>&nbsp;screen<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Type of Duty\/Tax<\/strong>: In this field select the Tax\/Duty Type towards which tax payment entry is being recorded. Here we are recording TDS payment entry, hence select<strong>TDS<\/strong>&nbsp;from the Type of Duty\/Tax<\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/www.vskills.in\/lms\/wp-content\/uploads\/2016\/12\/image188.gif\" alt=\"image188\" class=\"wp-image-76627\"\/><\/figure><\/div>\n\n\n\n<ul class=\"wp-block-list\"><li>Click on <strong>Auto Fill Statutory Payment <\/strong>and set to Yes.<\/li><li><strong>Deducted Till Date: <\/strong>In this field user may enter, till date of the period for which the TDS values should be computed and auto-filled.<\/li><li><strong>Section:<\/strong> Select Section 194C from the list of section.<\/li><li><strong>Select <\/strong>the nature of payment as applicable<\/li><li><strong>Deductee Status<\/strong>: Select the Deductee Status as<strong>Non Company.<\/strong><\/li><li><strong>Cash\/ Bank: <\/strong>Select the bank of cash option as applicable.<\/li><\/ul>\n\n\n\n<p><strong><u>Printing TDS Challan<\/u><\/strong><\/p>\n\n\n\n<p>To Print the TDS Challan press&nbsp;<strong>Page Up<\/strong>&nbsp;to view the above Payment Voucher.<\/p>\n\n\n\n<p>From The Payment Voucher screen press&nbsp;<strong>Alt + P<\/strong>&nbsp;or click on&nbsp;<strong>Print<\/strong>&nbsp;button to view Voucher Printing screen.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/www.vskills.in\/lms\/wp-content\/uploads\/2016\/12\/image189.gif\" alt=\"image189\" class=\"wp-image-76628\"\/><\/figure><\/div>\n\n\n\n<p>Ensure the&nbsp;<strong>Alt + I: Print<\/strong>&nbsp;<strong>Preview<\/strong>&nbsp;option is selected to view the print preview of TDS Challan<\/p>\n\n\n\n<p>The&nbsp;<strong>Print Preview of TDS Challan ITNS 281<\/strong>&nbsp;appears as shown.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"http:\/\/www.vskills.in\/lms\/wp-content\/uploads\/2016\/12\/image190.gif\" alt=\"image190\" class=\"wp-image-76629\"\/><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In Tally.ERP, you can account for expenses implying TDS with the help of Payment Voucher, Journal Voucher or Purchase Voucher, as required. TDS on Expenses To Create the&nbsp;Journal Voucher, Go toGateway of Tally &gt; Accounting Vouchers &gt; F7: Journal PressF2&nbsp;and change the date to&nbsp;05-04-2009 InDebit&nbsp;field select&nbsp;Advertisement Expenses&nbsp;from the List of Ledger Accounts Enter5,00,000&nbsp;in the&nbsp;Amount In&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-111129","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TDS Vouchers - Tutorial<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/tds-vouchers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TDS Vouchers - Tutorial\" \/>\n<meta property=\"og:description\" content=\"In Tally.ERP, you can account for expenses implying TDS with the help of Payment Voucher, Journal Voucher or Purchase Voucher, as required. 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