In Saral TDS, "Creating a Company" is the first mandatory step before you can begin deducting TDS, generating challans, or filing returns. The software uses the term "Company" broadly to refer to the entity that is deducting the tax (this could be a Proprietorship, Partnership, Company, Trust, or Government Body).
| Error | Solution | |-------|----------| | TAN not valid | Check TAN length/format or verify on TRACES portal. | | Company already exists | Use a different company code or delete old one. | | Unable to save | Ensure Financial Year + Quarter is selected. | | No pre-fill from TRACES | Manually enter deductor name (later validate with TAN). |
Creating a new company in Saral TDS is a straightforward, wizard-driven process that should not take more than 5–7 minutes if you have all documents ready. The key is accuracy – a single typo in your company’s TAN or PAN will lead to failed validations or rejected TDS returns later. Once the company is created, complete the masters (rates, banks, deductees) immediately, and you will be ready to enter challans, compute liabilities, and generate TDS returns as per the statutory deadlines.
Remember: Saral TDS is a tool for compliance, not a substitute for understanding TDS rules. Even after creating your company, always cross-verify TDS rates and section applicability with a tax professional.
Disclaimer: The steps are based on Saral TDS version 6.x and 7.x. Interface may vary slightly in older or newer versions. Always update to the latest version for accurate compliance with Income Tax Rules.
To create a new company in Saral TDS, you typically need to create a New File for the specific financial year. In Saral TDS, a "file" essentially represents the company's data for that period. Steps to Create a New Company File Open Saral TDS: Launch the software on your desktop.
Access the New File Menu: Go to the File menu at the top and select the New option. Enter File Details:
Financial Year: Select the appropriate year for which you are starting the TDS process.
File Name: Enter a name that helps you identify the company (e.g., "Company_Name_FY2024-25"). Select Processing Type:
eTDS Purpose Only: Choose this if you only need the file for filing e-TDS returns for all quarters and forms.
With Tax Computation: Choose this if you also need automatic salary tax computation for Form 24Q.
Finalize Creation: Click the Create button. The software will then save the file in your designated data directory. Initial Setup (Master Details)
Once the file is created, you must populate the "Master" sections before you can file returns:
Deductor Master: Enter the primary details of your company, such as its name, address, and TAN. how to create new company in saral tds
Deductee Master: Add details for vendors or individuals from whom tax will be deducted (e.g., name, PAN, and address).
Employee Master: If you are handling salary TDS (Form 24Q), enter employee details including their PAN information. Helpful Tips New file Creation in Saral TDS software
Creating a New Company in Saral TDS: A Step-by-Step Guide
Saral TDS is a popular software used for managing Tax Deducted at Source (TDS) in India. If you're looking to create a new company in Saral TDS, here's a comprehensive review to help you through the process.
Prerequisites
Before creating a new company in Saral TDS, ensure you have:
Step-by-Step Process
Additional Settings
After creating the company, you may need to configure additional settings, such as:
Common Issues and Troubleshooting
Best Practices
By following these steps and best practices, you can successfully create a new company in Saral TDS and manage your TDS compliances efficiently.
To create a new company (often referred to as a "file") in , you typically follow a process of creating a new data file and then entering the master deductor details. Steps to Create a New Company/File Open New File Window : Go to the menu and select the Configure Database Settings In Saral TDS, "Creating a Company" is the
: Enter a name for your identification (e.g., Company Name_FY23-24). Server Name
: Select the required server name from the dropdown (usually your SYSTEM NAME\RELYONDB : If you need to store data in a specific folder, go to Data File Setting to browse and select a path. Create the File to initialize the new data file. Enter Master Details : Once the file is created, the Company General Information
window will appear. You must enter the mandatory details (indicated in in the software): Company Name and Address Responsible Person Details (e.g., Name, PAN). TAN and Company Type Save Information : After entering the details, click Alternative: Creating for a New Financial Year
If you have already used the software for previous years, you can use the Create New from Existing option under the
To create a new company in Saral TDS, you typically create a "new file" which acts as the entity's database for a specific financial year. You can follow these steps to set up a new company profile: Step-by-Step Company Creation
Open New File Window: Launch the software and go to the File menu, then select the New option. Enter Basic Details:
Financial Year: Select the relevant FY for which you are starting the filing.
File Name: Enter a name that helps you identify the company (e.g., "Company_Name_FY24-25"). Select Purpose:
eTDS Purpose Only: Choose this if you only need to file quarterly returns for all forms.
With Tax Computation: Choose this if you want the software to automatically calculate salary tax for Form 24Q.
Finalize Creation: Click Create. The file will be saved in your default data directory.
Enter Deductor Master Details: Once the file is created, navigate to the Master menu to fill in the Deductor Master details, including the company's TAN, PAN, address, and the name of the responsible person. Key Considerations
Data Storage: You can change where these files are stored by going to File > Data Directory and selecting a new path. | Error | Solution | |-------|----------| | TAN
Bulk Creation: If you are transitioning from a previous year, you can use the File > Create New from Existing option to carry over master details like employee and deductee lists automatically.
Module Activation: If you are using the cloud-based Saral Pro, you must specifically click the "+" icon on the dashboard and toggle "Enable TDS Module" when creating the new file.
For more detailed walkthroughs, you can visit the official Saral TDS Tutorials provided by Relyon Softech. How to file TDS return in Saral TDS software? - Saral Pro
Creating the company is only half the job. You must complete these three tasks before entering any TDS transactions.
Follow these actions sequentially. For illustration, we assume you have just launched Saral TDS and have no existing companies.
Once the window opens, you will see fields divided into specific sections. Here is how to fill them:
A. Basic Details
B. Contact Details
C. Financial Year
D. Deductor Type
Q1: Can I change the company name after creating it?
No, you cannot edit the legal name or TAN after creation. You must create a new company entry if the name or TAN is wrong.
Q2: How many companies can I create in Saral TDS?
There is no limit. You can manage hundreds of deductors in a single installation.
Q3: What if I am using the online (web) version of Saral TDS?
The process is similar. Look for Master → Company → Add New after logging into your web dashboard.
Q4: Do I need to recreate a company every financial year?
No. Keep the same company and just change the Financial Year & Quarter inside the company settings.