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If you're an employer, startup, HR manager, or accountant responsible for managing payroll, then you already know how important it is to deduct and file TDS on salaries properly. As per the Income Tax Act, 1961, every employer who deducts TDS from salaries must file a TDS Return using Form 24Q every quarter.
Missing this can cause hefty penalties, interest, and notices from the tax department—and that’s where CallMyCA steps in to make your TDS filing process simple, quick, and 100% compliant.
Whether you’re running a business with 2 employees or 200, we handle your Form 24Q filing with full accuracy, timely reminders, and expert CA-level oversight. No need to worry about changing laws, Excel sheets, or TRACES errors—we’ll take care of everything while you focus on running your business.
Form 24Q is the quarterly statement filed by employers to report TDS deducted from employees' salaries. It needs to be filed four times a year—for the months ending June, September, December, and March.
The form is submitted on the TRACES portal and includes:
The last quarter (Q4) also contains Form 16 data, which is the TDS certificate given to employees by June 15 each year.
Filing Form 24Q every quarter is mandatory for employers who deduct TDS on salaries. It keeps your business compliant with income tax laws and avoids legal trouble.
Late or incorrect filing can result in penalties of ₹200 per day. Timely and accurate 24Q filing saves money by avoiding such fines.
Form 24Q data is used to generate Form 16 for employees. If it's filed correctly and on time, your employees will get their Form 16 without delay, helping them file their returns smoothly.
Filing 24Q ensures that the TDS deducted from employee salaries is correctly shown in their Form 26AS. This gives employees peace of mind and prevents confusion during their ITR filing.
Timely deduction and correct TDS return filing show that the employer is professional and responsible, building trust with current and future employees.
Filing 24Q requires you to maintain structured salary, allowance, and deduction data. This helps companies manage payroll more effectively and transparently.
When employees apply for a visa or loan, they need Form 16 and Form 26AS. Proper 24Q filing ensures these documents are accurate and available on time.
Accurate filing of 24Q helps both the employer and employee avoid future tax mismatches, notices, or disputes related to salary income and TDS.
Regular and error-free TDS filings help maintain a good reputation with the Income Tax Department, which is useful during audits or inspections.
TDS Return for Salary (Form 24Q) is a quarterly statement filed by employers to report the tax deducted at source from the salary payments made to employees. It includes details like employee-wise TDS deductions and remittance to the government. CallmyCA helps employers prepare and file accurate 24Q returns to ensure compliance with tax laws.
Form 24Q is filed by employers who are required to deduct TDS on employee salaries. Every employer who pays taxable salary to an employee is responsible for filing this return on a quarterly basis. CallmyCA ensures that your filing is completed on time to avoid penalties.
The employer is responsible for filing Form 24Q. They must ensure that TDS is correctly deducted from employee salaries and report it every quarter to the Income Tax Department. CallmyCA assists employers in meeting this obligation accurately.
Yes, employees can claim exemptions like HRA, 80C deductions, and others, which reduce their taxable income, thus lowering the TDS deducted from their salary. CallmyCA ensures all exemptions are correctly considered during the TDS calculation.
If TDS is deducted but not deposited, the employer can be penalized, and the employee’s TDS claim may not be reflected in their Form 16. CallmyCA ensures that TDS deducted is deposited on time and reconciled with the authorities.
Form 24Q is filed quarterly to report TDS deductions, while Form 16 is an annual certificate provided to employees, summarising the TDS deducted on their salary for the entire financial year. CallmyCA helps employers with both filings to ensure compliance.
Late filing of Form 24Q can lead to a penalty of Rs 200 per day until the return is filed, subject to a maximum amount. Additionally, interest may be charged for late payment of TDS. CallmyCA helps employers file Form 24Q on time and avoid such penalties.
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