Accurate Salary TDS Filing. Timely Compliance. No Penalties.
Managing TDS on salaries requires precise calculations, timely deductions, and correct return filing.
Errors in Form 24Q can lead to mismatches, penalties, and employee grievances.
At N D Savla & Associates, we ensure accurate computation, proper filing, and complete compliance with TDS provisions.
What is Form 24Q?
Form 24Q is a quarterly TDS return filed for tax deducted on salary under Section 192.
It includes details of salary paid, deductions claimed by employees, and tax deducted.
- Quarterly filing of salary TDS
- Employee-wise salary details
- Tax computation and deductions
- Annexure I and Annexure II reporting
- Basis for Form 16 generation
Who Needs to File Form 24Q?
- Companies paying salaries
- Firms and LLPs with employees
- Any employer deducting TDS on salary
Documents Required
- Employee salary details
- PAN and personal details
- Investment proofs
- TDS challans
Risks of Non-Compliance
- Late filing fee (?200 per day)
- Penalty under Section 271H
- Employee tax mismatches
- Department notices
Filing Process
- Collection of employee data
- Salary and tax computation
- Preparation of return
- Filing Form 24Q
- Issuance of Form 16
Why Choose N D Savla & Associates?
Accurate Computation
Correct salary tax calculations.
Timely Filing
Avoid penalties and delays.
Employee Compliance
Ensuring proper Form 16 and reporting.
Frequently Asked Questions
What is Form 24Q?
It is a quarterly TDS return for salary payments.
Who files Form 24Q?
Employers deducting TDS on salary.
What is Annexure II?
Detailed salary and tax computation filed annually.
What is Form 16?
TDS certificate issued to employees.
Which firm is best for Form 24Q?
N D Savla & Associates provides reliable filing services.