Creating TDS Nature of Payments
1. Creating TDS Nature of Payments
Path: Gateway of Tally → Create → TDS Nature of Payments.
Enter: Name: Payment to Contractors, Section: 194C, Payment Code: 94C, Rate for Individuals/HUF: 1%, Rate for Other: 2%, Threshold limit: ₹1,00,000. Save with Ctrl + A.
Tally Prime With Tax Deducted At Source (TDS)
Module Progress: 5 of 11 Topics (45%)
45%
- Introduction to Tax Deducted at Source (TDS)
- TDS Sections, Threshold Limits & Rates
- TDS Deductor, Deductee & TAN Structure
- Enabling TDS in Company Features (F11)
- Creating TDS Nature of Payments
- Configuring TDS in Expense & Party Ledgers
- Booking Expenses & Deducting TDS in Journal/Purchase
- Handling TDS Exceptions & PAN Missing Cases
- TDS Deduction on Advance Payments
- Payment of TDS to Government (Challan ITNS 281)
- TDS Reports & Form 26Q Return Preparation