Click on Master - Create Ledger/ Alter Master >> Edit Mode >> Add New.
Ledger Name : Enter the required Ledger name.
Alias: Short Name For the Ledger.
Ledger Type: Enter the type of Ledger as General/ Fee Head/ Fine/ Concession.
Ledger Group : Select the Group of the Ledger for which the Ledger belongs to.
Opening Balance: Enter the opening balance of the Ledger.
Opening Date: Enter Date of the Opening Balance.
Is TDS Deductable : If TDS is deductable for this particular Ledger , tick mark on the checkbox.
Select Percentage/ Amount of the TDS. Click on Add.