TDS on Salary Payments (24Q)

TDS on Salary Payments (24Q)

💼 TDS on Salary Payments – Complete Guide to Form 24Q Filing (2025)
If you are an employer paying salaries in India, you are legally required to deduct Tax at Source (TDS) on the salary of your employees as per Section 192 of the Income Tax Act and report it through Form 24Q every quarter.
Accurate and timely filing of Form 24Q not only ensures legal compliance but also builds trust with employees by issuing error-free Form 16, enabling them to file their Income Tax Returns (ITR) smoothly.
In this blog, we’ll break down what Form 24Q is, who must file it, the due dates, structure, penalties for late or incorrect filing, and how our expert CA team helps you stay 100% compliant with hassle-free TDS filings.

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📌 What Is Form 24Q?
Form 24Q is the quarterly TDS return that needs to be filed by an employer for TDS deducted on salary payments made to employees.
It includes details of:
•    Gross salary paid
•    TDS deducted under Section 192
•    Deductions claimed under Chapter VI-A (80C, 80D, etc.)
•    HRA, LTA, standard deduction, and other exemptions
•    PAN, employee details, and challan references
✅ Form 24Q must be filed even if no tax is deducted, as long as salary has been paid.

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👥 Who Should File Form 24Q?
•    Private companies (Pvt Ltd, LLP, One Person Company)
•    Startups with salaried staff
•    Public limited companies
•    Government employers
•    Educational institutions, NGOs, and trusts with payroll
📌 Whether you employ 1 or 100+ people, you must file Form 24Q every quarter if salary is paid.

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🗂️ Structure of Form 24Q
Form 24Q is divided into two parts:
✅ Part A – General Details
•    Employer PAN and TAN
•    Employee-wise salary and TDS details
•    Challan details (BSR code, CIN, amount, date)
✅ Part B (Annexure) – Salary Breakup
•    Basic salary, HRA, bonus, gratuity, etc.
•    Deductions claimed (80C, 80D, NPS, etc.)
•    Total taxable income
•    Tax calculation and TDS deducted
📌 This annexure also serves as the basis for Form 16, which must be issued annually.

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📅 Due Dates for Filing Form 24Q – FY 2024–25
Quarter    Period Covered    Due Date
Q1    April to June    31st July 2024
Q2    July to September    31st October 2024
Q3    October to December    31st January 2025
Q4    January to March    31st May 2025
📌 Form 16 must be issued by 15th June 2025 after the final Q4 filing.

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💳 TDS Deduction on Salary – How It Works
TDS on salary is calculated based on applicable slab rates after considering:
•    Deductions under 80C, 80D, NPS, etc.
•    Exemptions (HRA, LTA)
•    Standard Deduction ₹50,000
•    Rebate under Section 87A (if eligible)
•    New Regime vs. Old Regime (optional for employees)
✅ Employers must collect investment proofs from employees at year-end to finalize TDS amounts.

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🧾 Documents Required for Form 24Q Filing
•    TAN and PAN of the employer
•    Salary register/payroll data
•    PAN and personal details of employees
•    TDS challan details (CIN, BSR, date, amount)
•    Investment proofs submitted by employees
•    Form 12BA (if perks are paid)
We help generate the required .fvu files, validate them, and upload them to the TIN-NSDL/TRACES portal.

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⚠️ Penalties for Non-Compliance
Default    Penalty/Interest
Late filing of Form 24Q    ₹200/day under Section 234E
Incorrect or missing PAN    Penalty of ₹10,000 per record
Non-filing of return    ₹10,000–₹1,00,000 under Section 271H
Late TDS payment    Interest @ 1%/1.5% per month
Delay in issuing Form 16    ₹100/day under Section 272A
✅ We help avoid these issues with proactive reminders and accurate filings.

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💼 Why Choose Us for TDS on Salary (Form 24Q) Filing?
We help HR teams, payroll managers, startups, and companies with:
•    ✅ Employee-wise TDS computation (Old/New regime)
•    ✅ Automated FVU file generation & portal uploads
•    ✅ Accurate challan mapping & PAN validation
•    ✅ Form 16 generation & digital distribution
•    ✅ Timely reminders and quarterly compliance
📞 Running a payroll? Let us handle your salary TDS filings with 100% accuracy and zero stress.

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🏁 Final Thoughts
Filing TDS returns through Form 24Q is mandatory for every employer paying salaries. With increasing income tax digitization, incorrect or missed filings can attract heavy penalties and erode employee confidence.
✅ Don’t leave your salary compliance to chance — let our expert CA team manage your TDS deductions, Form 24Q filing, and Form 16 generation end-to-end.