TDS Deduction Summary
The TDS Deduction Summary report provides an employee-wise overview of the tax deducted at source (TDS) for a selected period. It helps you review taxable income, tax components such as income tax, surcharge, and cess, and understand the total TDS amount calculated and deducted for each employee.
Access TDS Deduction Summary
To access the TDS Deduction Summary report:
- Go to Reports on the left sidebar.
- Under Report Category, click Taxes and Forms and select TDS Deduction Summary.
INSIGHT: You can also search for TDS Deduction Summary using the search bar at the top and navigate directly to the report.
- Use the period selector at the top left to choose the period you want to analyze. You can choose from predefined periods such as This Month, This Quarter, or This Year, or select a Custom date range.
The employee-wise TDS details for the selected period will be displayed in a tabular format.
Components of TDS Deduction Summary
The following table explains the components displayed in the TDS Deduction Summary report:
| Component | Description |
|---|---|
| ID | Unique identifier assigned to the employee. |
| Name | Name of the employee for whom TDS has been calculated. |
| PAN | Permanent Account Number (PAN) of the employee. |
| Taxable Amount (Year) | Total taxable income of the employee for the selected financial year, based on payroll calculations. |
| Tax on Income | Income tax calculated on the employee’s taxable income. |
| Surcharge Amount | Surcharge applied on the income tax amount, if applicable. |
| Cess Amount | Health and Education Cess calculated on the applicable tax amount. |
| Total TDS Amount | Total tax deducted at source for the employee, including income tax, surcharge, and cess. |
Export TDS Deduction Summary
To export the report:
- Go to Reports.
- Under Report Category, click Taxes and Forms and select TDS Deduction Summary.
- Click Export as at the top right.
- Choose the required export format: PDF, CSV, XLS, XLSX, or Zoho Sheet.
- To protect the exported file, enable Protect this file with a password and enter a password with at least six characters.
- Click Export.