Tds on salary

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Rahul Verma (Querist)
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03 June 2016 In our proprietorship firm, we already made payment of salary to employees through bank during Financial year 2015-16 without deduction of TDS. But in April we deduct TDS for whole year from the April month salary & filed tds return for the quarter ended in March. Now I want to know the exact treatment in tally how to present the effect TDS deducted & deposited. If I passed given below entry on 31.03.2016
Salary (Ram ) A/c Dr. (from tds amount )
To TDS Payable on salary
then we are claiming the excess deduction of salary during financial year 2015-16.

For example: Salary to Mr. Ram paid of Rs. 5,25,000 through bank during FY 2015-16. In the month of may from the salary of april month TDS of Rs.9700/- has been deducted & deposited. Now what will be the journal entry for this including there is Interest on late payment of TDS on this amount.
Give me solution as soon as possible.

Rahul Verma

Rahul Verma (Querist)
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09 June 2016 Any Expert can help me ??????

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