Choose the appropriate category:
Follow these actions sequentially. For illustration, we assume you have just launched Saral TDS and have no existing companies.
Report Generated By: AI Assistant
Date: As per current version (Saral TDS supports up to FY 2025-26 as of 2026)
For Further Help: Refer to Saral TDS built-in help (F1) or contact support at 1800-120-2642.
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. how to create new company in saral tds
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.
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 (often referred to as creating a "New File") is the first step toward managing your TDS returns Report Generated By: AI Assistant Date: As per
. The process differs slightly depending on whether you are using the desktop version or the cloud-based version. Method 1: Desktop Version (Saral TDS)
The standard desktop software uses a "File" system where each company is managed within its own data file. Open the Software : Launch Saral TDS on your desktop. Create New File menu and select the Enter File Details Financial Year
: Select the relevant FY for which you are creating the file.
: Enter a name that clearly identifies the company (e.g., "ABC_Pvt_Ltd_2024-25"). Choose Return Type eTDS Purpose Only
: Choose this if you only need to file returns for all quarters and forms. With Tax Computation
: Choose this if you want the software to automatically compute salary tax for Save and Initialize . The software will save the file in your default Data Directory Method 2: Cloud Version (Saral Pro)
For users on the cloud platform, companies are added as "Entities" or "Files" within your account dashboard. : Sign in to your Saral Pro Account Add New File : Click the usually located at the bottom right of your dashboard. Entity Information Company Name , address, and contact details. Toggle the Enable TDS Module switch to "On". to add the entity to your list. Post-Creation Checklist To create a new company in Saral TDS,
Once the file is created, you must complete the "Master Settings" to ensure your returns are valid: Deductor Master : Enter mandatory details (marked in gray) including the , PAN, and the name of the "Responsible Person". Deductee/Employee Master
: Add details for the individuals or vendors you are paying. PAN Verification : Use the built-in TRACES integration
to verify the PANs of all added deductees to avoid high-rate deduction defaults. New file Creation in Saral TDS software
| Mistake | Consequence | |----------|---------------| | Typing wrong TAN | Return filing will be rejected by TRACES. | | Selecting wrong Form Type | You will be unable to enter certain nature of payments. | | Forgetting to set Financial Year | Deduction entries will show date errors. | | Creating duplicate company with same TAN | Causes confusion in quarterly filings. |
Managing Tax Deducted at Source (TDS) efficiently is critical for any business operating in India. Saral TDS, developed by IRIS Business Services, is one of the most popular software solutions for TDS return preparation, e-TDS/e-TCS return filing, and form 16/16A generation. Whether you are a new startup or an established enterprise, the first step to using Saral TDS is creating a company profile within the software.
In this comprehensive guide, we will walk you through the exact process of creating a new company in Saral TDS, along with essential settings, common pitfalls, and professional tips to ensure seamless TDS compliance.