Income Tax
TDS Return Form 24Q
Quick answer: Form 24Q TDS return for salary payments — quarterly filing on TRACES for FY 2025-26 with Form 16 issuance.
₹999
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Why choose FinTax24
- 4500+ Form 24Q filings for FY 2025-26
Audience
Who needs TDS Return Form 24Q?
- Employers deducting TDS on salary payments to employees — companies, LLPs, partnerships, proprietorship.
- Government departments, PSUs, and local authorities with salary TDS deduction obligations.
- Trusts, NGOs, and Section 8 companies with paid staff and salary TDS deduction.
- Foreign companies operating in India through branches with employees on payroll.
- Households with domestic help / driver if annual salary exceeds the basic exemption threshold.
- Startups with founder / co-founder salary TDS deducted and Form 16 to be issued.
- Partnership firms with paid staff and salary TDS deduction under Section 192.
How it works
- 1
Salary & TDS Compilation
Employee-wise salary, exemptions, and TDS for the quarter compiled from payroll.
- 2
Challan 281 Reconciliation
TDS deposited via challan 281 matched with salary TDS deducted for each month.
- 3
Form 24Q JSON Drafting
Annexure I (employee details) and Annexure II (salary + TDS) prepared — verified by CA.
- 4
TRACES Portal Upload
Form 24Q uploaded on TRACES portal with TAN-based login and DSC verification.
- 5
Form 16 Issuance
Form 16 generated and issued to all employees after Q4 filing within 15 days.
Timeline
Why file this
Benefits of tds return form 24q
- Form 24Q TDS return filing for salary deductions under Section 192 for FY 2025-26.
- Quarterly TDS return with employee PAN-wise salary, TDS deducted, surcharge, and cess.
- Form 16 issuance to all employees within 15 days of Q4 return filing for AY 2026-27.
- Challan 281 reconciliation — TDS deposited vs TDS deducted for each quarter.
- Avoid Section 234E penalty of ₹1,000 per day by timely filing before 31 Jul / 31 Oct / 31 Jan / 31 May.
- Employee-wise Annexure I & II — Part A (salary details) and Part B (TDS on salary computation).
- PAN validation before filing — duplicate or invalid PAN errors flagged and corrected.
- Avoid Section 271H penalty of ₹10,000-₹1 lakh for filing incorrect / incomplete return.
Documents required
8 documents needed for tds return form 24q.
- TAN of the deductor / employer — mandatory for Form 24Q filing on TRACES.
- PAN of all employees — Aadhaar-PAN linking mandatory for accurate TDS deduction.
- Salary register for the quarter — employee-wise gross salary, exemptions, net taxable income.
- Form 12BA / 12BB — employee-wise investment declarations for Section 80C / 80D / 80CCD(1B) deductions.
- TDS challan 281 payment details — BSR code, challan serial number, date, and amount deposited.
- HR / payroll MIS — employee-wise monthly salary, perquisites, and profit in lieu of salary.
- Previous quarter Form 24Q acknowledgment for reference and reconciliation.
- PAN of employer / deductor — required for Form 16 issuance.
DIY vs FinTax24
Why file tds return form 24q with FinTax24 instead of doing it yourself.
| Aspect | DIY / Portal | Local Tax Consultant | FinTax24 |
|---|---|---|---|
| Filing time | 7–14 days (typical) | Varies by availability and workload | 2 business days |
| Expert review | None | Depends on the consultant | Expert verified on every filing |
| Document check | You self-verify; rejected on portal | Manual review may vary | Pre-verified by our team before submission |
| Support | Email / chatbot | Appointment-based or office hours | WhatsApp + phone, Mon–Sat 10 AM–7 PM IST |
| Pricing | Government fees only | Consultant fee + government fees | Transparent: From ₹999 + govt fees |
Frequently asked questions
What is Form 24Q and when is it due?
Form 24Q is the quarterly TDS return for salary deductions under Section 192. Due dates for FY 2025-26 (AY 2026-27): Q1 — 31 Jul 2025, Q2 — 31 Oct 2025, Q3 — 31 Jan 2026, Q4 — 31 May 2026. Filed on the TRACES portal with TAN-based login and DSC verification. Form 16 is issued to employees after Q4 filing.
What is Section 234E penalty for late Form 24Q filing?
Section 234E penalty of ₹1,000 per day applies for late filing of Form 24Q until the date of actual filing. Maximum penalty is the amount of TDS deductible for the quarter. Continued non-filing may attract prosecution under Section 276B (1-3 years imprisonment + fine). File before quarterly due date to avoid penalty.
What is the difference between Form 24Q and Form 26Q?
Form 24Q is for TDS on salary payments under Section 192 — quarterly return filed by employers. Form 26Q is for TDS on non-salary payments — contractor, rent, professional fees, interest, commission, brokerage — under Sections 193 to 196, filed by all other deductors. Both filed on TRACES portal.
When must Form 16 be issued to employees?
Form 16 (TDS certificate for salary) must be issued to employees by 15 June of the assessment year (15 June 2026 for AY 2026-27) or within 15 days of Q4 Form 24Q filing, whichever is later. Form 16 shows salary paid, exemptions, deductions, and TDS deducted for the full financial year.
Can Form 24Q be revised?
Yes. Form 24Q can be revised any number of times on the TRACES portal using the correction statement. Late correction attracts Section 234E penalty. Original Form 24Q must be filed before correction can be submitted. Revised Form 16 can be re-issued after correction processing.
What is the fee for Form 24Q filing at FinTax24?
Form 24Q TDS return filing starts from ₹999 per quarter at FinTax24 — covers salary TDS compilation, challan 281 reconciliation, Annexure I & II drafting, TRACES upload, and DSC verification. Form 16 issuance included for Q4 return. Multi-quarter packages start from ₹3,499 per year.
What is the consequence of non-filing of Form 24Q?
Section 234E penalty ₹1,000 / day until filed. Section 271H penalty of ₹10,000 to ₹1 lakh for filing incorrect / incomplete return. Section 276B prosecution (1-3 years imprisonment + fine) for willful non-filing. Employees cannot claim TDS credit in ITR without corresponding Form 24Q filing — affects refund processing.
How is TDS on salary calculated for Form 24Q?
TDS on salary is calculated on estimated annual salary after standard deduction (₹75,000 for AY 2026-27), exemptions (HRA, LTA), and deductions (Section 80C to 80U). Average TDS rate is applied. TDS is deducted monthly on the estimated annual salary and reconciled at year-end through Form 24Q Annexure II.
Sources & authority: For regulations on tds return form 24q, refer to incometax.gov.in , eportal.incometax.gov.in .
Last reviewed by: FinTax24 Compliance Desk · Reviewed on:
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