Get the free FORM NO. 24Q

FORM NO. 24Q (See section 192 and rule 31A) Quarterly statement of deduction of tax under sub-section (3) of section 200 of the Income-tax Act, 1961 in respect of salary for the quarter ended June/September/December/March

How to fill out form no 24q

How to fill out form no 24q:

1. Start by downloading form no 24q from the official website of the Income Tax Department.
2. Fill in the basic details such as the name, address, and PAN (Permanent Account Number) of the deductor.
3. Provide details of the deductee, including their name, address, PAN, and TDS (Tax Deducted at Source) details.
4. Enter the salary details of the employees, including the amount paid, TDS deducted, and other allowances.
5. Include information about any other income and deductions for each employee, if applicable.
6. Calculate the total income and deductions for each employee and mention the tax payable or refundable amount.
7. Attach all the necessary documents such as salary certificates, TDS certificates, and any other supporting documents.
8. Verify all the details entered in the form and make sure there are no errors or omissions.
9. Sign and date the form before submitting it to the appropriate tax authority.

Who needs form no 24q:

1. Employers: The form is primarily used by employers or deductors who have deducted TDS on salaries paid to their employees.
2. Deductees: The employees who have had TDS deducted from their salary need form no 24q to provide proof of such deductions while filing their income tax returns.
3. Income Tax Department: The form is required by the Income Tax Department to verify the accuracy of the TDS deductions made by the employers and to ensure compliance with tax laws.

For pdfFiller’s FAQs

What is form no 24q?

Form No. 24Q is a statement for tax deduction at source (TDS) on salary payments. It is filed by an employer who deducts TDS and is required to report the details of tax deducted on salaries quarterly.

Who is required to file form no 24q?

Employers who deduct tax at source from salaries are required to file Form No. 24Q. This includes companies, organizations, and entities that make salary payments to employees.

How to fill out form no 24q?

Form No. 24Q can be filled out by providing the required information of the deductor (employer), deductee (employee), salary details, tax deducted at source, and other related information. The form can be filed physically or electronically using the prescribed format.

What is the purpose of form no 24q?

The purpose of Form No. 24Q is to report tax deducted at source on salary payments and provide relevant details to the Income Tax Department. It helps in proper accounting of income, deduction of taxes, and facilitates the employee's income tax return filing process.

What information must be reported on form no 24q?

Form No. 24Q requires information such as PAN (Permanent Account Number) of the deductor and deductee, details of salary paid, allowances, perquisites, tax deducted, and any other relevant information as specified in the form instructions.

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