File TDS returns on Salary Payment in no time

File your returns with ClearTDS and avoid tax notice

Form 24Q Salary TDS

Services Included

  • Registration on TRACES
  • Form 24Q Up to 100 employees (1 no.)
  • Fulfillment using ClearTDS Returns Software
  • Form 16 Generation

₹ 1500 (plus Taxes)

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Plan Description

What is the plan?

This plan enables you to file your quarterly TDS returns on payment of salary without any hassles. ClearTax provides you with a prompt mechanism to comply with all the TDS compliance on account of salary payment.

A delay in filing the returns attracts interest and penalty levied by the Tax department, hence, it is important to pay TDS within due date and subsequent return filing is equally important.

Who should take this plan?

  • Any individual who is required to make a payment of salary and has to deduct TDS
  • Any organisation such as corporate, partnership firm etc required to make salary payment after deduction of TDS
  • Any branch of principal business office

What services are covered in this plan?

We will cover the following services in this plan

  • Registration on TRACES
  • Form 24Q Up to 100 employees (1 no.)
  • Fulfillment using ClearTDS Returns Software
  • Bulk PAN Verification
  • Challan Verification
  • Online FVU Generation and Submission
  • Generation of Form 16
  • Business Hours CA Support - Email and Phone

What are the plan benefits?

  • Dashboard view of all progress,
  • Documents are collected from you in the digital form
  • Service fulfillment using our ClearTDS software
  • Avoid notice from the tax department on TDS non compliance
  • Never install a software update or lose data again. ClearTDS operates on the cloud!

Documents Needed

  • Statutory details of Deductor(employer) i.e CO. name, TAN, Branch (if Any), address, email Id , phone no.
  • Details of Responsible person- Name, PAN , Designation, Father’s Name,Address , Email, Mobile No.
  • Details of Deductee. Name, PAN, Serial No Allotted by Employer, In case of NO Pan Records then Unique Serial no allotted as per Rules.
  • Challan Details - BSR Code, Challan No, Challan Amount, Challan Date.
  • Details of Deductions - Type of Payment, Amount Paid, Date of Credit, Date of Deduction.

Testimonials

I own a textile factory and i am required to file quarterly returns for TDS of 90 employees. Cleartax takes care of all our returns. Thanks ClearTax.

- Mridula Saxena

Managing 56 people at work is already a task and TDS return is a nightmare. Thanks to ClearTax. now i don’t have to worry about those challans and forms.

- Vikas Saboo

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FAQs

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.

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

Is there any minimum amount upto 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 maximum amount which is not chargeable to tax

  • Rs. 2,50,000 for an individual
  • Rs. 3,00,000 for Senior Citizens
  • Rs. 5,00,000 for Super Senior Citizens

When is online return mandatory?

For certain people, it is compulsory to be submit the quarterly return online. If the deductor is :

  • A Government office
  • A company’s principal officer
  • Assessee who Is required to have their accounts audited for the prior year under 44AB of the Income Tax Act, 1961.
  • 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. ClearTax Experts will guide you on the same.

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

In case you have not deposited TDS by the due date, the following penalties are applicable:

  • Late filing fee (if you do not file by the deadline)
  • Interest (if you do not deposit the TDS amount in time)
  • Penalty (if TDS is not filed within one year of the due date)
For more details: https://cleartax.in/tds/guides/tds-not-filed-on-time

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.

I need to file my TDS returns for more than 100 employees. Can you advise?

Our plan caters to filing TDS returns for up to 100 employees. If your firm has more than 100 employees, our representatives will advise you on the fees. Please submit your enquiry here or write to us at enquiries@cleartax.in