How To Create New Company In Saral Tds Site

How to Create a New Company in Saral TDS: A Complete Step-by-Step Guide

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. how to create new company in saral tds

3. Troubleshooting Common Errors

| 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). | How to Create a New Company in Saral

Step 1: Open Saral TDS and Go to Company Menu

  1. Launch the Saral TDS software on your system.
  2. On the Home Dashboard, look for the Company or Master menu at the top.
  3. Click on Create New Company (or sometimes labeled as Add Company / New Entity).

Pro Tip: Do not click on “Open Company” – that is for existing companies only. Step 1: Open Saral TDS and Go to Company Menu

Step-by-step creation (typical flow)

  1. Log in to Saral TDS with an admin account.
  2. From the dashboard, go to Company or Master menu and choose Create New Company (label may vary).
  3. Enter basic company details:
    • Company Name
    • PAN (mandatory)
    • TAN (mandatory for TDS)
    • GSTIN (if applicable)
    • Date of incorporation / financial year start
  4. Enter registered address and communication details:
    • Address
    • Phone / Email
    • Contact person / authorized signatory
  5. Enter statutory/bank details:
    • Deductor category (e.g., Company, Individual)
    • Assessing officer / jurisdiction (if required)
    • Bank account number, IFSC (for challan mapping)
  6. Configure TDS settings:
    • TDS rates or link to appropriate payment/section codes (if Saral requires manual mappings)
    • Payment modes and challan preferences
    • Default financial year / quarter settings
  7. Upload supporting documents (PAN, TAN) if prompted.
  8. Save the company profile and verify details in the company list.
  9. (Optional) Create user accounts and set permissions for accountants, tax reviewers, or payroll admins.

Step 3: Enter Basic Details

| Field | Instruction | |-------|-------------| | TAN | Enter 10-digit alphanumeric TAN (e.g., DELR12345F). Mandatory for e-TDS. | | Legal Name | As per PAN/TAN database (max 250 characters). | | Trade Name | (Optional) – if different from legal name. | | Address & PIN | Complete registered address. |

Step 4: Define Financial Period

Step-by-Step Process

Common pitfalls & fixes