Treatment of tds/tcs and tax payable in p&l and b.s.

SIR
I wish to know about the presentation of TDS/TCS and tax which becomes payable after considering their effect? 
Whether the total tax payable shall be deducted from PBT in P&L including the TDS which has already been paid.
or 
Will only the payable tax be deducted from P&L and the TDS/TCS paid shall be shown as an asset in balance sheet?
For example: If PBT is 80,00,000 and TDS/TCS which has already been paid is Rs. 8,00,000 then the balance tax Payable would be deducted from PBT or will entire amount of tax on 80,00,000 will be deducted?