Thanks for your assistance.
But now I am getting the overdue balance for that particular client. I don't know where I went wrong. Attached screenshots for your reference. Please guide.

What I Did

Step 1 - Created Invoice without TDS 
Step 2 - Added Journal Entry for TDS 
Step 3 - Payment Entry and linked that Journal Entry 
The result shows still the customer is due. (Received Payment + TDS = Full paid)