Go to Masters > TDS Rates or Update TDS Master. Connect to the internet and let Saral TDS fetch the latest TDS rates (e.g., Section 194D, 194I, 194J) as notified by CBDT. Without this, your calculations will be outdated.
Select TAN Details
Choose Deductor Type
Set Assessment/Default Details
Save the Company
Click Save or Create.
The software will prompt you to confirm – click Yes.
Optional – Add Challan/Deductor Details
After creation, you can add: how to create new company in saral tds
Switch Between Companies
Use Company → Select Company to switch between multiple companies.
Creating the company is only half the job. You must complete these three tasks before entering any TDS transactions.
A dialog box titled "Company Creation Wizard" or "Add New Company" will appear. Fill in:
| Field | Correct Entry | |-------|----------------| | TAN | Enter 10-digit TAN without spaces (e.g., ABCD12345E). It will auto-convert to uppercase. | | Company Name | Enter as per PAN/TAN records. Avoid abbreviations unless official. | | PAN | Enter 10-digit PAN (e.g., AAACA1234C). | | Status | Select from the dropdown: Individual, HUF, Company, Firm, etc. | | Type of Deductor | Choose: Central Govt, State Govt, Company, or Non-Company (most businesses). |
Click Next after verifying the TAN and PAN again. The software may validate the TAN format instantly. Go to Masters > TDS Rates or Update TDS Master
Under Section 203 of the Income Tax Act, every TDS certificate must contain the name and signature of the responsible person.
Click Next.
| Error Message | Cause | Solution | |----------------|--------|------------| | "TAN not valid or already exists" | TAN entered incorrectly or already in use in another company file. | Verify TAN on TRACES. Use a different company name or delete the old company. | | "PAN must be 10 characters" | Typo or extra spaces in PAN field. | Re-enter PAN with correct uppercase letters and digits. | | "Unable to save. AY mismatch" | FY and AY are not in sequential order. | Re-select the correct FY and let AY auto-populate. | | "Company file write protected" | Installation folder is read-only. | Run Saral TDS as Administrator (right-click > Run as Administrator). |
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. Select TAN Details
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.
Title: Step-by-Step Guide: How to Create a New Company in Saral TDS
Meta Description: Setting up a new company in Saral TDS is the first step to accurate TDS compliance. Follow this simple guide to add your entity, configure financial years, and avoid common setup errors.
If you are a tax consultant, accountant, or business owner, you know that correct TDS return filing starts with correct master data. Before you can deduct TDS or generate Form 16/16A in Saral TDS, you need to properly create a new company in the software.
Whether you are using the Saral TDS Payroll Edition or the Standard Edition, the process is straightforward. Let’s walk through it.
This information appears on Form 16A and other certificates.
Click Next.