TDS Setup for India

To setup TDS in ERPNext follow below steps:

  • First you have to define Tax withholding categories, by default 28 categories are already pre-defined as per Indian statutory compliances. But if you want to add new category then you can create the same by clicking on "New"(button at right top corner)

  • As per category you have to define Tax withholding rate along with "Single Transaction Threshold" & "Cumulative Transaction Threshold" for Financial/Fiscal year.

  • In same screen you will find another section of "Account Detail" to set company-wise TDS Payable account.

  • Once you are done with Tax withholding setup go to Supplier master