Add Tax Deducted at Source (TDS)

Add Tax Deducted at Source (TDS)

Tax Deducted at Source (TDS) is an indirect method of collecting income tax. It ensures timely collection of taxes and reduces the burden of a lump-sum payment at the end of the financial year. TDS is deducted by the payer (like your employer or a bank) and deposited with the government on your behalf.

How to Add TDS

Easily report TDS in your tax profile by following these steps:
  1. Go to Save > Begin/Edit Tax Situation > Tax Credits > Add

  2. Select Tax Deducted at Source and click Proceed

  3. Enter the following details:

    • Deductor Name
    • Amount of TDS Deducted

  4. Click Save once all the information is filled in correctly

Once added, the TDS amount will be reflected under your tax credits and automatically adjusted in your tax summary.

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