tds journal entries

TDS rule is to be accounted & deducted either at the time of making provision or at the time of payment whichever" is earlier. It has to be paid next month to avoid penalty/interest subsequently. You may account & deducted TDS on the grounds of an amount already accounted/deducted.

02.07.2016 Commision A/c ............ Dr.   30,000/-

                      To Mr. J Kapoor........         28,500/-

                      To TDS on non salary...      1,500/-

02.07.2016 Mr. J Kapoor ..............  Dr. 10,000/-

                      To Bank/Cash............................  10,000/-

(When you make the payment on that date)

                   Mr. J Kapoor.................Dr. 18,500/-

                      To Bank/ Cash........................      18,500/-