TDS related Office Accounts, Finacle GLs and Account Codes
Finacle GL |
Finacle GL Description |
Finacle office account |
Account Code |
Account Code Description |
|
36012 |
TDS Deduction on NSS 87 Withdrawal |
SOL ID+0041 |
9421001100 |
IT TDS on withdrawal of NSS under Section-194 EE |
|
36014 |
TDS deduction on SCSS Interest |
SOL ID+0293 |
9421000400 |
IT TDS from Interest Payments under 194-A |
|
36015 |
TDS Collection – Agent |
SOL ID+0321 |
9421000500 |
IT TDS from Commission, Brokerage under 194-H |
|
36016 |
TDS for Cash Withdrawal |
SOL ID+0033 |
9421000800 |
IT TDS on Cash withdrawals under 194-N |
Accounting of TDS in IT 1.0 & IT 2.0 (APT) Vide SB order No.12/2025
|
Scenario |
SAP (IT1.0) Daily Account |
APT (IT 2.0) Daily Account (w.e.f 15.05.2025) |
|
TDS deductions |
Accounted in the SOL where the account from which TDS deducted |
(i) TDS deduction on withdrawals under Section 194N and TDS deductions on the periodical interest credits under Section 194A will be accounted at CPRC.
(ii) TDS deductions at the time of counter transaction will be accounted at the post office where the transaction is initiated |
|
Agent Commission including TDS |
Accounted in the SOL where the Agent commission credit Account stands |
All the transactions will be accounted at the post office where the transactions are initiated |
Key Points in SB order 12/2025 dated 15.09.2025 regarding changes in Accounting of POSB Transactions
The following POSB transactions are accounted at CPRC, Chennai:
a. Internet Banking & Mobile Banking Transactions
b. IPPB – POSB Transactions (Sweep Transactions, RD, SSA & PPF Transactions)
c. ATM transactions including ATM charges, SMS charges etc., and related GST collections.
d. Inward credits through NEFT & RTGS and Outward Debits through NEFT & RTGS (Other than at Post Offices)
e. Standing Instructions Transactions (MIS / TD / SCSS / PM CARES accounts interest credits to POSA / Bank Accounts and credits in RD from POSA)
f. Cheque Clearing Transactions (Grid)
g. NACH Transactions (DBT & ECS)
h. APY / PMJJBY / PMSBY auto debit transactions
i. Transactions between PLI & POSB (Credits and Debits)
j. TDS deductions under Section 194N and 194 A of Income Tax Act
k. Interest Corrections (HIARM entries)
l. Annual Interest Credits
m. Annual Account Maintenance Charges
26Q - NON SALARY TDS DEDUCTIONS (APT 2.0 ACCOUNT CODES)
|
S.No |
Account Code |
Description (26Q TDS particulars) |
|
1 |
9421000200 |
IT TDS from Insurance Commission under 194-D |
|
2 |
9421000300 |
IT TDS from Contractors under 194-C |
|
3 |
9421000400 |
IT TDS from Interest Payments under 194-A |
|
4 |
9421000500 |
IT TDS from Commission, Brokerage under 194-H |
|
5 |
9421000600 |
IT TDS from interest on security under 193 |
|
6 |
9421000700 |
IT TDS from under section 192 |
|
7 |
9421000800 |
IT TDS on Cash withdrawals under 194-N |
|
8 |
9421000900 |
IT TDS on Cash rent under 194-I |
|
9 |
9421001000 |
IT TDS from scrap under Section 206-C |
|
10 |
9421001100 |
IT TDS on withdrawal of NSS under Section-194 EE |
|
11 |
9421001200 |
IT TDS Surcharge |
|
12 |
9421001400 |
IT TDS under Section 195 |
|
13 |
9421001500 |
IT TDS for Professional Services under 194-J |
|
14 |
9421001600 |
IT TDS from Insurance Commission under 194-DA |
24Q - SALARY DEDUCTIONS (APT 2.0 ACCOUNT CODES)
|
S.No |
Account Code |
Description (24Q TDS particulars) |
|
1 |
9421000100 |
IT TDS from Salary Payment under Section 192 |
|
2 |
9421001300 |
IT TDS Health and Education Cess |
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