How to pass the interest collection entry for Fixed deposit along with the TDS deduction?

Please follow the steps below to pass the interest collection entry along with the TDS deduction

While collecting interest as mentioned in #2 above, mention the full amount including TDS. Then create a journal voucher as mentioned below to show the adjustment of TDS receivable.

Accounts → Vouchers → Create Voucher → Select date and input description same as interest collected date → Select debit account as “TDS Receivable” → Select credit account as “FD  ledger” → Input TDS deducted amount → Save

*If it is a simple interest FD, use bank ledger (cr) instead of FD ledger in the above step.