Nice Salary Tds Return Form 24q
No firm must refrain from abiding by the norms to file Form 24Q when required.
Salary tds return form 24q. The due date to submit TDS return in Form 24Q for Q1 and Q2 of FY 2020-21 is 31 March 2021. Form 24Q is required to be submitted for TDS details on all payments other than salary on a quarterly basis by the deductor. Form 24Q Salary TDS Return in the fourth quarter Q4 includes two annexures Annexure I and Annexure II.
Annexure II is the tax computation calculation information for each employee along with summary and tax deduction TDS for the whole financial year. It has details of salary paid and TDS deducted from salary payment to the government. Who is required to file Form 24Q.
While furnishing Form 24Q for the first three quarters Annexure II salary details need not be furnished. E-TDS e-TCS returns prepared for FY 2005-06 and onwards ie. TDS is deducted as per income tax slab of each employee.
This is a detailed form containing all the details of the employees salary and income. Annexure I is the regular quarterly data for the months of January to March. Annexure I give you details about the deductor challans and deductees.
It has to be filed for all the quarters. Let us study in detail the various types of TDS Return Forms. TDS Return on Salary Payment Form 24Q 190000 150000 Every person or entity who has deducted TDS while disbursing salary to its employees is required to file your quarterly TDS returns.
It is used for preparing eTDS returns for the TDS deducted on salary under Section 192 of the Income Tax Act 1961. The employer has to file salary TDS return in Form 24Q. The firm would need to submit Form 24Q every quarter of the financial year to indicate TDS for salary.