Compliance with Indian tax laws, particularly those concerning Tax Deducted at Source (TDS) from employee salaries, is a critical responsibility for organizations. One key requirement is the accurate filing of Form 24Q, which reports the TDS deducted and ensures adherence to statutory regulations.

The generation of Form 24Q typically comes after the completion of monthly TDS deductions and deposits. Employers deduct TDS from employee salaries each month, deposit it with the government, and file quarterly TDS returns.

The Form 24Q page in greytHR simplifies this process by displaying the four quarters of the financial year.

Here is a step-by-step guide to generate and manage Form 24Q efficiently.

Set Form 24Q parameters
Add new challan
Allocate the challans
Generate CSI file
Generate FVU

Set Form 24Q parameters

Go to Payroll > Admin > Form 24Q. Click the Settings icon.
On the Form 24Q Settings page, under Particulars of Return:
1. Select the deductor type from the Type of Deductor dropdown.
2. Choose the required option from the Payment Section Code dropdown.
Fill in the details under:
1. Particulars of Deductor (Employer)
2. Particulars of the Person Responsible for Deduction of Tax
Under Preferences, select the required checkboxes.
Click Save.

💡 You can also set up Form 24Q details by navigating to Settings > System Settings > Income Tax > Form 24Q.

Add a new challan

Go to Payroll > Admin > Form 24Q and click Challans.
Click Add Challan. Fill in the required details:
1. Select the Payroll Month from the dropdown.
2. Enter the Total Challan Amount and Challan Serial No.
3. Complete additional fields as required.
Click Save.

💡 To view a challan, click the relevant quarter on the Form 24Q page and click Update Challan Details to modify and update the challan.

Allocate the challan

Go to Payroll > Admin > Form 24Q.
Click Challans.
Select the financial year from the dropdown.
Select the quarter card and click the challan month.
Click Allocate and then Confirm.

ℹ️ You can edit, delete, and also download the challan details.

Generate CSI file

Before performing further actions, you have to generate the CSI file. You must download the CSI file from the e-Filing website. The e-Filing website provides the Tax Information Network of the Income Tax Department.

The CSI file must be downloaded from the e-Filing portal:

Log in to the e-Filing portal using your TAN and password.
Go to e-file > E-Pay Tax.
On the Payment History tab, click the Filter icon.
Select a date range within 24 months for challans paid.
Note: You cannot filter by Assessment Year or Type of Payment
Click Filter, then select Download Challan File

Generate FVU

Go to Payroll > Admin > Form 24Q.
Expand the relevant quarter card.
Click Generate FVU.
In the pop-up, click Upload File and select the downloaded CSI file.
Confirm by clicking Ok, Generate FVU.

💡 In the last quarter, ensure that Annexure II (employee salary details) is filed to avoid mismatches in tax deductions and payments.

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