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Managing Tax Deductions

This section covers the Tax Deduction (TDS) section that allows you to configure tax deductions applicable to a Proforma Invoice or Invoice. TDS is a statutory deduction withheld from the payment amount in accordance with applicable tax regulations.

Adding a Tax Deduction for Invoice or Proforma Invoice​

To add a tax deduction, follow these steps:

  1. Navigate to Billing and Financial > Tax Deduction. The following screen appears:Tax Deduction Screen
  2. Click the Add Tax Deduction button. The following screen appears:Tax Deduction button after screen
  3. You can download the Invoice or Proforma Invoice template (.xlsx or .ods format). Fill in the tax deduction details as per the template.
  4. Click the Upload icon to upload the edited file.
  5. Click the Upload button.

Viewing Tax Deduction​

You can view tax deductions recorded quarterly against historical invoices as per fiscal period configurations.

Click the eye icon; the following screen appears with tax details: Viewing Tax Deductions