Creating a new company in Saral TDS involves setting up a specific data file for a financial year and configuring the master details for tax compliance. Step 1: Open the New File Window
Launch the Saral TDS software on your system. Navigate to the File menu and select the New option. Step 2: Enter Primary File Details
In the file creation window that appears, provide the following information:
File Name: Enter a name that helps you easily identify the specific entity or company.
Financial Year (FY): Select the relevant year for which you are filing the TDS returns. File Purpose: Choose between two modes:
eTDS Purpose Only: Enables the file for basic return filing across all forms and quarters.
With Tax Computation: Adds automated salary tax calculation features specifically for Form 24Q. Step 3: Save and Set Data Directory
Click Create to generate the file. By default, files are saved in the software's standard directory. If you prefer a different location, you can update this by going to File > Data Directory and browsing for your preferred folder. Step 4: Configure Master Settings
Once the file is created, you must populate the "Master" sections to enable return generation:
Deductor Master: Enter your organization's mandatory details, such as TAN, address, and the responsible person's information.
Deductee/Employee Master: Add details for vendors (non-salary) or employees, including valid PAN information, as returns cannot be generated for invalid or missing PANs without specific remarks. Tips for Returning Users
Bulk Creation: If you are migrating multiple companies to a new financial year, use the Bulk File Creation option under File > Create New from Existing to copy master details from the previous year automatically.
Cloud Users: If you are using the cloud-based Saral Pro, you can create a new file by clicking the plus (+) button on your dashboard and enabling the TDS Module.
Create a new file from an existing file (for new FY) in Saral TDS
The first step is to establish a dedicated database file for your company.
Access the Menu: Open the software and navigate to the File menu. Select the New option. Enter File Details: File Name: Enter a unique name for identification.
Server Name: Select the appropriate database server (usually SYSTEM NAME\RELYONDB).
Security: If needed, enable SQL Authentication and provide the username (default is sa) and password.
Set Data Directory: Choose where to save the file. You can change this path under File > Data Directory by clicking the "..." button. Finalize: Click Create to generate the new file. 2. Configure Company (Entity) Details
Once the file is created, you must input the legal and statutory details of the company.
Navigate to Initial Settings: Go to Initial Settings > Company Details.
General Information: Enter the company name, address, contact details, email, website, and Corporate Identification Number (CIN).
Responsible Person: Enter the name of the person responsible for the company's TDS process. 3. Enable the TDS Module
For a new file to function as a TDS return tool, the specific module must be activated.
Enable Module: In the file master window, locate and check the box for Enable TDS Module.
Enter Mandatory Fields: Once enabled, specific fields like the Tax Deduction and Collection Account Number (TAN) and the relevant Financial Year will become mandatory (typically highlighted in grey or red). 4. Setup Master Data
Before filing returns, you must populate the master databases for the new company: New file Creation in Saral TDS software
How to Create a New Company in Saral TDS: A Step-by-Step Guide
Saral TDS is a popular software used for managing tax deductions, filings, and compliance in India. Creating a new company in Saral TDS is a straightforward process that requires some basic information about the company and its PAN details. In this article, we will guide you through the step-by-step process of creating a new company in Saral TDS.
Prerequisites for Creating a New Company in Saral TDS
Before creating a new company in Saral TDS, ensure that you have the following:
Step-by-Step Process to Create a New Company in Saral TDS
Here's the step-by-step process to create a new company in Saral TDS:
Step 1: Launch Saral TDS Software
Launch the Saral TDS software on your computer. If you have multiple versions of Saral TDS installed, ensure that you are using the latest version.
Step 2: Click on "Company" and Select "Create Company"
On the Saral TDS home screen, click on the "Company" menu and select "Create Company" from the drop-down menu.
Step 3: Fill in Company Details
Fill in the company details in the "Create Company" screen:
Step 4: Enter Authorized Signatory Details
Enter the details of the authorized signatory:
Step 5: Upload Digital Signature Certificate (DSC)
Upload the Digital Signature Certificate (DSC) of the authorized signatory.
Step 6: Verify and Save Company Details
Verify the company details and click on "Save" to save the company details.
Step 7: Create Company in Saral TDS
Once you have saved the company details, Saral TDS will create a new company with the entered details.
Step 8: Configure Company Settings
Configure the company settings as per your requirements:
Common Issues Faced While Creating a New Company in Saral TDS
Here are some common issues faced while creating a new company in Saral TDS:
Troubleshooting Tips
Here are some troubleshooting tips:
Conclusion
Creating a new company in Saral TDS is a straightforward process that requires basic information about the company and its PAN details. By following the step-by-step guide outlined in this article, you can easily create a new company in Saral TDS. If you face any issues, refer to the troubleshooting tips or contact Saral TDS support team for assistance.
FAQs
Q: What are the prerequisites for creating a new company in Saral TDS? A: The prerequisites include Saral TDS software, company details, and Digital Signature Certificate (DSC).
Q: What are the steps to create a new company in Saral TDS? A: The steps include launching Saral TDS software, clicking on "Company" and selecting "Create Company", filling in company details, entering authorized signatory details, uploading DSC, verifying and saving company details, and configuring company settings.
Q: What are common issues faced while creating a new company in Saral TDS? A: Common issues include invalid PAN number, invalid DSC, and duplicate company name.
Q: How can I troubleshoot issues while creating a new company in Saral TDS? A: Troubleshooting tips include checking software version, checking system configuration, and contacting Saral TDS support team.
Creating a new company in Saral TDS involves setting up a dedicated data file for a specific financial year and configuring the master details for the deductor. Whether you are using the desktop version or the cloud-based Saral Pro, the process is designed to be sequential and user-friendly. 1. Initial File Creation
The first step is to create the database file that will house all your company's TDS records. Launch Software: Open your Saral TDS application.
Access the File Menu: Go to the File menu and select the New option. Set File Details:
Financial Year: Select the relevant year for which you are filing returns.
File Name: Enter a recognizable name for the company or entity.
Data Directory: By default, files are saved in the pre-set data directory. If you need to change this, go to File > Data Directory, select a new path using the three-dotted button, and click Accept. Choose Purpose:
eTDS Purpose Only: Select this if you only need the file for quarterly return filing. how to create new company in saral tds
With Tax Computation: Select this if you want the software to automatically compute salary taxes for Form 24Q. Create: Click the Create button to generate the new file. 2. Configuring Company (Deductor) Master Details
Once the file is created, you must enter the official details of the organization responsible for deducting tax.
Navigate to Master: Go to the Master menu and select Deductor Master.
Mandatory Fields: Fill in the fields highlighted in grey, which are mandatory. This includes: Company Name and TAN. Address and Contact Information.
Responsible Person Details: Enter the name and designation of the person authorized for company processes.
Statutory Info: If applicable, enable checkboxes for PF, ESI, or PT and provide the respective registration numbers. 3. Setting Up Branches (Optional)
If your company operates from multiple locations under a single registration, you can enable branch-wise tracking.
Enable Multi-Branch: In the Company Master window, enable the Multi Group or Branch option.
Create Branches: Navigate to Master > Branch Details to enter information for each specific unit. 4. Alternative: Create New from Existing
For recurring users, you don’t need to re-enter all master data every year. 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
. 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
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
To create a new company in Saral TDS, you first create a new data file for a specific financial year and then populate the deductor master details. 1. Create a New Data File
Access the File Menu: Open the Saral TDS software and click on File in the top menu bar.
Select New: Choose the New option to open the file creation window.
Enter File Details: Provide a File Name (usually the company name) and select the relevant Financial Year.
Select Purpose: Choose between eTDS Purpose Only (for standard filing) or With Tax Computation (if you need automatic salary tax calculation for Form 24Q).
Save File: Click Create. The file will be saved in your default data directory. 2. Enter Company (Deductor) Details
Once the file is created, you must set up the deductor master information:
Go to Master Menu: Navigate to Master and select Deductor Master.
Mandatory Information: Fill in all grey-colored fields, which are mandatory. This includes: Company Name and Address.
TAN (Tax Deduction Account Number) and PAN (Permanent Account Number). Responsible Person details (name and designation).
Statutory Details: Enable relevant checkboxes for TDS, PF, or ESI as applicable to your company. Save: Click Save or Update to finalize the company profile. 3. Optional: Create from Existing (New FY)
If you are starting a new financial year for an existing client: Go to File > Create New from Existing. Creating a new company in Saral TDS involves
Select the existing file and choose which master data (Deductors, Deductees, or Employees) to carry forward to the new year's file.
For further assistance, you can refer to the official Relyon Saral TDS Tutorials or download the Saral TDS Installation Guide provided by Relyon Softech. New file Creation in Saral TDS software
Creating a new company in Saral TDS is the foundational step for managing tax deductions and filing returns. The process is designed to be straightforward, allowing you to set up specific files for different financial years or entities. Step-by-Step Company Creation
To create a new company file from scratch, follow these steps: Open the Software: Launch Saral TDS on your desktop.
Access the File Menu: Go to the File menu located at the top left of the screen. Select New File: Click on the New File option.
Enter File Name: A dialogue box will appear. Enter a descriptive name for your company (e.g., "Company_Name_FY_2024-25").
Choose Storage Location: Select the folder on your computer where you want the company database to be saved.
Enter Company Details: Once the file is created, you will be prompted to fill in the Master Data, which includes: TAN (Tax Deduction and Collection Account Number) PAN of the Deductor Company Name and Address Responsible Person details (name, designation, and PAN). Bulk Creation (From Existing Files)
If you are transitioning to a new financial year and already have data from the previous year, you can use the Bulk Create feature: Go to File > Create New from Existing. Select Bulk Create.
Choose the previous financial year and the specific files you want to carry forward.
Enter the new financial year and click Create. The system will automatically generate new files with a standard naming format (e.g., TAN_Year). Key Considerations
Financial Year: Always ensure you have selected the correct Financial Year in the system settings before you start entering transaction data like challans or deductee details.
Pricing: If you are looking to purchase or renew, the software is typically available starting at approximately ₹5,600/year.
Data Integrity: When creating a new file from an existing one, verify that the Invoice Numbers or reference sequences are reset to '1' for the new period if required. Generate Form 16 or Form 24Q after setup? Link Challan details to your new company file?
Open Saral TDS
Launch the software and log in with your credentials.
Go to Company Menu
Click on Company → New Company from the top menu bar.
Enter Company Details
Fill in the following basic information:
Select TAN Details
Choose Deductor Type
Set Assessment/Default Details
Save the Company
Click Save or Create.
The software will prompt you to confirm – click Yes.
Optional – Add Challan/Deductor Details
After creation, you can add:
Switch Between Companies
Use Company → Select Company to switch between multiple companies.
Before creating a new company, ensure you have:
This is a critical step that affects all future TDS returns.
Common Mistake: Selecting the wrong AY. Always remember: AY = FY + 1. For TDS deducted between 1st April 2024 and 31st March 2025, FY = 2024-25, AY = 2025-26.
Saral TDS usually auto-fills the AY if you select the FY. Ensure the year range is correct, then click Next.
Once the window opens, you will see fields divided into specific sections. Here is how to fill them:
A. Basic Details
B. Contact Details
C. Financial Year
D. Deductor Type