Chartered Accountant · ICAI M.No. 153926 · FRN 136869W
The salary-TDS return
Form 24Q is the return through which an employer reports the TDS it deducted from salaries to the income-tax department. It is filed quarterly, listing each employee, their salary, deductions claimed and TDS deducted — so the credit flows into employees’ Form 26AS.
Annexures and Form 16
It has two annexures: Annexure I (deductee-wise TDS) every quarter, and Annexure II — the full salary breakup and final tax for each employee — filed with the fourth quarter. The data in the Q4 return is what generates each employee’s Form 16. Confirm the current quarterly due dates.
A worked example
Example: an employer with 20 staff files Form 24Q each quarter; in the Q4 return it adds the annual salary breakup, then downloads and issues Form 16 to all 20 by mid-June. A mistake in 24Q (wrong PAN, say) means an employee’s TDS doesn’t show in their 26AS — so accuracy matters. Our team can prepare and file your 24Q and Form 16s.