The Tax Deduction at Source (TDS) features of Tally.ERP 9 delivers a phenomenal experience and great capabilities:
You can: • Deduct TDS at the same time, while booking expenses • Deduct TDS in a single voucher at the end of the month for all TDS related Payments/ Expenses booked • While making a payment to one expense head (ledger) the amount can be split to more than one nature of payment (including part payment exempt from TDS) • Record both TDS related and non-TDS related payments in a single Voucher • Manage TDS for Non-Residents (Sec.195) payments • Reverse TDS deducted • Manage retrospective TDS surcharge calculation once the surcharge limits are crossed • Manage exceptions - Lower or zero rated TDS, ignore IT & surcharge exemption limits for specific parties