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When the salary is paid to the employee, there is a TDS which is deducted by the employer. The employer who deducts the TDS is in the form of FORM 24Q which has to be filed every quarter. 


The Form 24Q is divided into 2 annexures:

Annexure I: This annexure has to be submitted on all 4 quarters of a financial year and is mandatory. 

Annexure-II: This annexure is also mandatory but it has to be only submitted on the 4th quarter of the financial year and not in the first 3 quarters. 


Documents required

The TDS Return filings’ form can be submitted offline as well as online. This TDS Return Filing has to be submitted along with the important and required documents. For the submission of the Annexure I, the following details of the challan have to be mentioned:

The BSR Code of the branch

The date on which the challan was deposited

The serial number of the Challan

Net Total Amount in Challan

The TDS amount which has to be distributed amonGST the deductees

The net Interest amount has to be distributed amonGST the deductees


The following details of the deductees also have to be furnished in the Annexure I:

The Employee reference number or reference ID (if available)

PAN details of the employee

Name of the respective employee

TDS Section Code

The Date on which the payment/ credit has to be made

The net amount which has to be paid or credited

The net TDS amount

Education Cess



Though there are both offline and online methods in which the form can be submitted, the following people have to submit the quarterly return online:

If the deductor is a government officer

If the deductor is any Company’s chief or principal officer

If the account of the assessee has been audited for the previous year under 44AB of the Income Tax Act 1961

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FAQ - Frequently asked questions

What is TDS in salary?


TDS or Tax Deducted at Source, is a type of tax levied by the Indian government wherein taxes are collected on the basis of 'pay as you get'. The taxes are deducted at the source of payments such as salary paid to an employee or commission earned by a broker.

How do we know of the proof of tax payments?

The tax is deducted by the employer before making the payment to the employee and is deposited with the govt. The employer later issues Form 16 to its employees which serves as a proof of tax payment in the hands of the employee.

Is there any minimum amount up to which tax is not deducted on salary payment?

If the expenditure incurred/payment made during the year is below the threshold limit, then there is no requirement to deduct tax at source. If net taxable income is less than the maximum amount which is not chargeable to tax 1. Rs. 2,50,000 for an individual 2. Rs. 3,00,000 for Senior Citizens 3. Rs. 5,00,000 for Super Senior Citizens

When is online tax return mandatory?

For certain people, it is compulsory to submit the quarterly return online. If the deductor fits under any one of the category mentioned: 1. A Government office 2. A company’s principal officer 3. The assessee who is required to have its accounts audited for the previous year under 44AB of the Income Tax Act, 1961. 4. If there are 20 or more records of deductees in a statement for any quarter of a particular financial year. Annexure I and Annexure-II are also forms that require submission along with this form. Annexure I has to be filled in for all four quarters of the year. Annexure-II needs to be filed only for the final quarter of the year. Our Experts will guide you on the same.

Is there any interest and penalty for late filing of Form 24Q?

In case you have not deposited TDS by the due date, the following penalties are applicable: 1. Late filing fee (if you do not file by the deadline) 2. Interest (if you do not deposit the TDS amount in time) 3. Penalty (if TDS is not filed within one year of the due date)

Is revised return covered under the plan?

Revised return filing on account of incorrect information provided by the assessee during the original return filing shall not form part of the plan.