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TDS and TCS

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Menu: Accounts → Finance → TDS/TCS Configuration

The list shows your sections, for example, TDS on Purchase of Goods at 0.10% to TDS Payable.

Click Add Section.

New config

FieldWhat to enter
Tax Type *TDS or TCS
Ledger *For example TDS Payable
Section Code / Section Item Code / Section NameThe tax section
Base Rate (%) *The rate
Applicable OnTaxable Value
Annual Threshold / Per Txn ThresholdLimits before tax applies
PAN MandatoryOn by default
Is RefundableOff by default
Description

Click Save.

Check rates and thresholds with your auditor before you use them.