TDS on Salary — Form 24Q
Every employer paying salary above the basic exemption limit must deduct TDS under Section 192 and deposit it with the government by the 7th of the following month. Quarterly returns in Form 24Q must be filed by the 31st of the month following each quarter. At year-end, Form 16 must be issued to every employee by June 15. BSP Associate handles the complete TDS on salary cycle — from monthly deduction workings to annual Form 16 generation — ensuring zero penalties and accurate employee tax records.
What's Included
Everything you get when you engage BSP Associate for TDS on Salary — Form 24Q.
- Monthly TDS deduction computation for each employee
- New regime vs old regime selection per employee
- Challan 281 generation and deposit by the 7th of each month
- Quarterly Form 24Q filing (Q1: July 31, Q2: Oct 31, Q3: Jan 31, Q4: May 31)
- Form 16 Part A and Part B generation for all employees by June 15
- TDS reconciliation with Form 26AS for each employee
- Response to TDS demand notices and correction statements
Documents Required
Have these ready before you reach out — it speeds things up considerably.
Documents You'll Need
Please arrange these before your consultation
- TAN (Tax Deduction Account Number) of the employer
- PAN of all employees
- Salary register or payroll details for each employee (monthly)
- Investment declaration forms submitted by employees (Form 12BB)
- Proof of investments submitted by employees at year-end
- Previous quarter's 24Q return acknowledgment (for continuing clients)
- Challan payment receipts from previous months
Don't have these? We'll prepare them for you.
BSP Associate can draft and file all of the following
- Monthly TDS deduction workings for each employee
- Challan 281 for TDS deposit
- Quarterly Form 24Q TDS return
- Form 16 Part A and Part B for all employees
- Correction statements for any errors in previously filed 24Q returns
Frequently Asked Questions
Common questions about TDS on Salary — Form 24Q.
TDS on salary must be deducted from the month in which the employee's estimated annual salary exceeds the basic exemption limit — ₹3 lakh under the new regime or ₹2.5 lakh under the old regime for FY 2025-26. The employer must estimate the full-year salary at the beginning of the year and divide the tax liability equally across remaining months.
BS Balaji
Founder & Principal Consultant
Have questions about TDS on Salary — Form 24Q? Get a free consultation — no commitment, no jargon.
Book Free ConsultationWhatsApp UsLet's Sort Your Taxes & Compliance Together
Book a free consultation with BSP Associate and get a clear picture of your tax obligations, deadlines, and savings opportunities — no jargon, no surprises.