{"id":37338,"date":"2025-05-15T12:12:33","date_gmt":"2025-05-15T06:42:33","guid":{"rendered":"https:\/\/www.kanakkupillai.com\/learn\/?p=37338"},"modified":"2025-06-26T17:14:00","modified_gmt":"2025-06-26T11:44:00","slug":"form-24q-tds-return-on-salary-payment","status":"publish","type":"post","link":"https:\/\/www.kanakkupillai.com\/learn\/form-24q-tds-return-on-salary-payment\/","title":{"rendered":"Form 24Q – TDS Return on Salary Payment"},"content":{"rendered":"

About administering employee salaries, compliance with tax regulations is vital for each employer. One of the significant obligations is subtracting Tax Deducted at Source (TDS<\/a>) from employee salaries and reporting it to the Income Tax Department. It is at this point that Form 24Q comes in. Form 24Q is the quarterly return filed by employers in which the TDS deducted from salaries paid to employees is detailed. It not only protects the taxman by ensuring that the right amount of tax is deducted and remitted to the government but also provides a clear register of employee earnings and deductions. This blog provides a detailed understanding of 24Q TDS, its filing process, significance, and the primary details employers require to know.<\/p>\n

Overview of TDS<\/h2>\n

TDS is the tax subtracted from the deductor’s payments related to salary, professional fees, commission, interest, rent, and other such payments.<\/p>\n

The tax is subtracted at the source of the payments, and the recipient gets the net amount after deducting TDS. The gross amount of TDS is included in the recipient’s gross income, and TDS is adjusted against the recipient’s ultimate tax liability.<\/p>\n

Overview of Form 24Q: TDS on Salary Income<\/h2>\n

Form 24Q is invoked when employers, referred to as deductors, pay monthly allowances to employees, referred to as deductees. The deductor subtracts TDS under Section 192 and is bound to file Form 24Q each quarter of the financial year. This form lists the total remuneration paid to the employee and the respective TDS deductions<\/a>.<\/p>\n

Who Deducts TDS on Salaries?<\/h2>\n

Employers, whether individuals, firms<\/a>, Hindu Undivided Families (HUFs), or companies<\/a>, are obligated to deduct TDS on salaries if the employee\u2019s income crosses the basic exemption limit.<\/p>\n

Requisites for Filing Form 24Q<\/h2>\n

Possessing a Tax Deduction Account Number (TAN) is essential to launch TDS deduction and file Form 24Q. Moreover, details like employee particulars and challan information, including PAN and various income details, are required for precise filing.<\/p>\n

Form 24Q Annexures: Annexure I, Annexure II, and Annexure III<\/h2>\n

Annexures I and II constitute the two annexures in 24Q. For the initial three quarters of an FY, Annexure II is not required to be submitted, though Annexure I must be deposited for each of the four quarters. Only the last quarter, from January to March, is needed for Annexure II submission. As per the income tax slab, TDS must be opted out of salaries. If the employee files documentation of their investments, the employer needs to consider all of their investments and deductions.<\/p>\n

Annexure I<\/h3>\n

Annexure I includes deductee-wise TDS separation against each challan.<\/p>\n

Particulars of challan(s):<\/p>\n