Administration Manual - B.E.S.T. Undertaking.

Preparing payment voucher of TDS
395
Monthly TDS is remitted to Income Tax authorities by preparing
payment voucher, which is accounted in account code 222.
This voucher is prepared as per list given by EDP Dept. Tax from
individual employee is deducted from his salary under deduction code
103. The voucher is prepared as per listing amount of Income Tax
deducted from salaries of the employee under deduction code 103 in
favour of Bank of India -TDS a/c.
In the month of March balance tax if any is deducted under
deduction code 108 alongwith current year tax which is deducted under
code 103. Tax on perquisites and other bills is also deducted under
deduction code 108. Thus deduction code 103, 108 is connected with a/c
code 222.
Voucher is prepared and by obtaining signature of the Head of
Dept. i.e. Sr.STK & the same is forwarded to Audit alongwith register
maintained by Income Tax section known as Bill register in which all the
monthly voucher are entered and forwarded to Audit Department for
audit. After auditing the same is forwarded to Cash Dept. for preparing
cheque.
The cheques so prepared is remitted through Bank of India
Account within 7 days from the date of salary disbursement to
employees.