Form 24, Download Income Tax Form 24 in PDF Format

Form No 24 for Annual Return Of “Salaries” Under Section 206 Of The Income-Tax Act, 1961. Form No 24 is relevant for person responsible for deduction of tax at source on salary payments under section 192 of the Act.

Every person, being a person responsible for deducting tax under Chapter XVII-B shall, in respect of a previous year, deliver or cause to be delivered to the Director-General of Income-tax (Systems) or the person or agency authorised by the Director General of Income-tax (Systems)] referred to in rule 36A, the returns mentioned in column (1) of the Table below in Form No. specified in the corresponding entry in column (2) of the said Table by the end of the month falling in the financial year immediately following the previous year as specified in the corres-ponding entry in column (3) of the said Table :—

TABLE

Sl. No.

Nature of returns

Form No.

Month

(1)

(2)

(3)

1.

Annual return of deduction of tax under section 192 from “Salaries”

24

June

2.

Annual return of deduction of tax under section 193 from “Interest on securities”, under section 194 from “Dividends”, under section 194A from “Interest other than interest on securities”, under section 194B from “Winnings from lotteries or crossword puzzles”, under section 194BB from “Winnings from horse races”, under section 194C from “Payments to any contractor or sub-contractor”, under section 194D from “Insurance commission”, under section 194EE from “Payments in respect of deposits under the National Savings Scheme, etc.”, under section 194F from “Payments on account of repurchase of units by Mutual Fund or Unit Trust of India”, under section 194G from “Commission, etc., on sale of lottery tickets”, under section 194H from “Commission or brokerage”, under section 194-I from “Rent”, under section 194J from “Fees for professional or technical services”, under section 194K from “Income in respect of units” and under section 194LA from “Payment of compensation on acquisition of certain immovable property”.

26

June.]

Form No 24

[See section 192 and rule 37]

Annual return of “Salaries” under section 206 of the Income-tax Act, 1961 for the year ending 31st March

 

1.(a)Tax Deduction Account No.
(b)Permanent Account No.
2.(a)Name of the Employer
(b)Type of employer1
(c)Address of the Employer Flat/Door/
Block Number
Name of the Premises/Building
Road/Street/Lane
Area/Locality
Town/City/District
State
Pin Code

 

3.Has address of the employer/person responsible for paying salary changed since filing the last return Tick as applicable
Employer

Yes

No

Person responsible for paying salary

Yes

No

If address has changed give changed address in column 2(b)/4(b)

 

4.(a)Name of the person responsible for paying
salary (if not the employer)
(b)Address of the person responsible for paying salary
Flat/Door/Block Number
Name of the Premises/Building
Road/Street/Lane
Area/Locality
Town/City/District
State
Pin Code

 

5. Details of salary paid and tax deducted thereon from the employees

Serial Number

Permanent Account Number (PAN) of the employee

Name of the employee

Period for which employed during the financial year

Total amount of salary, excluding amount required to be shown in columns 206 and 207 (see note 4)

Total amount of house rent allowance and other allowances to the extend chargeable to tax [See section 10(13A)] read with rule 2A and section 10(14)

Date from

Date To

(201)

(202)

(203)

(204)

(205)

(206)

 

Serial Number

Value of perquisites and amount of accretion to Employee’s Provident Fund Account as per Annexure

Amount of allowances and perquisites claimed as exempt and not included in columns 206 and 207

Total of columns 205, 206 and 207

Total deductions under section 16(i), 16(ii) and 16(iii) (specify each deduction separately)

Income chargeable under the head “Salaries” (Column 209 minus 210)

(201)

(207)

(208)

(209)

(210)

(211)

 

Serial Number

Income (including loss from house property) under any head other than income under the head “Salaries” offered for TDS [Section 192(2B)]

Gross total income (Total of columns 211 and 212)

Amount deductible under section 80G in respect of donations to certain funds, charitable institutions

Amount deductible under section 80GG in respect of rents paid

Amount deductible under any other provision of Chapter VI-A (indicate relevant section and amount deducted)

(201)

(212)

(213)

(214)

(215)

(216)

 

Serial Number

Total amount deductible under Chapter VI-A (total of columns 214, 215 and 216)

Total taxable income (Column 213 minus column 217)

Income-tax on total income

Income-tax rebate under section 88 on life insurance premium, contribution to provident fund etc. (See Note 5)

Income-tax Rebate under section 88B

(201)

(217)

(218)

(219)

(220)

(221)

 

 

 

Serial Number

Income-tax Rebate under section 88C

Income-tax Rebate under section 88D

Total Income-tax payable (column 219 minus total of columns 220, 221, 222 and 223 including surcharge and education cess

Income-tax relief under section 89, when salary etc. is paid in arrear or in advance

Net tax payable (column 224 minus column 225)

(201)

(222)

(223)

(224)

(225)

(226)

 

Serial Number

Tax deducted at source – Income-tax

Surcharge

Education cess

Total income-tax deducted at source (Total of columns 227, 228 and 229)

Tax payable/refundable (Difference of columns 226 and 230)

Remark (See Notes 6 and 7)

(201)

(227)

(228)

(229)

(230)

(231)

(232)

 

6. Details of tax deducted and paid to the credit of the Central Government.

 

S. No.

TDS

Rs.

Surcharge

Rs.

Education Cess

Interest

Rs.

Others

Rs.

(233)

(234)

(235)

(236)

(237)

(238)

 

S. No.

Total tax deposited

Rs.

(234+235+236+237+238)

Cheque/DD No. (if any)

BSR Code

Date on which tax deposited

Transfer voucher/challan serial No.2

Whether TDS deposited by book entry? Yes/No3

(233)

(239)

(240)

(241)

(242)

(243)

(244)

 

7. I certify that :

(i) the above return consists of
pages serially numbered from
to
a
nd furnishes the prescribed particulars in respect of
(
given number) employees;

(ii) the above return contains complete details of total amount chargeable under the head “salaries” paid by
to all persons whose income for the year under the head “Salaries” exceeded the maximum amount which is not taxable under the Finance Act of the year.

(iii) the amount of tax shown in column 230 has been paid to the credit of the Central Government vide particulars given in item number 6 above.

(iv) all the particulars furnished in the return and the Annexure are correct.

Place :

Name and Signature of the employer/person responsible for paying salary

Date :

Designation :

 

 

 

 

ANNEXURE

Particulars of value of perquisites and amount of accretion to Employees’ Provident Fund Account for the year ending 31st March,

 

 

Value of rent-free accommodation or value of any concession in rent for the accommodation provided by the employer (give basis of computation)

Where accommodation is furnished

Name of Employee

Employee’s serial No. in column 201 of Form No. 24

Where accommodation is unfurnished

Value as if accommodation is unfurnished

Cost of furniture (including TV sets, radio sets, refrigerators, other household appliances and air-conditioning plant or equipment)

Perquisite value of furniture (10% of column 249)

Total of columns 248 and 250

Rent, if any, paid by the employee

(245)

(246)

(247)

(248)

(249)

(250)

(251)

(252)

 

Name of Employee

Value of perquisite (Column 247 minus Column 252 or Column 251 minus Column 252 as may be applicable)

Where any conveyance has been provided by the employer free or at a concessional rate or where the employee is allowed the use of one or more motor-cars owned or hired by the employer or where the employer incurs the running expenses of a motor-car owned by employees estimated value of perquisite (give details)

Remuneration paid by the employer for domestic and personal services provided to the employee (give details)

Value of free or concessional passages on home leave and other travelling to the extent chargeable to tax (give details)

(245)

(253)

(254)

(255)

(256)

 

Name of Employee

Estimated value of any other benefit or amenity provided by the employer free of cost or at concessional rate not included in the preceding columns (give details)

Employer’s contribution to recognised provident fund in excess of 12% of the employee’s salary

Interest credited to the assessee’s account in recognised provident fund in excess of the rate fixed by Central Government

Total of columns 253 to 259 carried to column 207 of Form No. 24

(245)

(257)

(258)

(259)

(260)

Place

Name and Signature of employer/person


responsible for paying salary

Date

Designation

 

 

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