Dear All,
Can someone tell me how i can calculate TDS on Salary. How the process can be mapped so that the result is as Below:-
The entry is:-
Salary - Db.
TDS - Cr.
Bank - Cr.
Thanks in advance
Regards
Preeti Sarawat
Hi,
TDS can be calculated at the time of payment journal posting. Select the TDS NOD lines on the journal line. TDS will be calculated as per the setup in NOD lines.
Pranav…
first u have to create a vendor card for employee and then create nod lines for dis vendor…while entering the journal entry select the vendor in party no. field system will automatically calculate the tds amount for the same…
Hi,
In Navision not possible for TDS calculation on salary bcoz there r no section of salary & salary is module of pyroll.
So you create employee as a Party & manage with Section -Other
Create a salary account in GL account.
In payment voucher create this entry-
D-type-Payment
Party Type- Party
GL account- Salary
Nature of Deduction- As ur behalf
Balance account- Bank or Cash
Then check ur issue