Salary details to be shown in tds return

This query is : Resolved

Rakesh Sharma (Querist)
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15 March 2017 Respected Experts,

We are Private Limited Company & regular file 24Q. Should we show the below salary details in 4th Qtr. as in previous 3 qtrs. we have not shown any details :-

1) In our concern 5-6 Employees take Gross salary 3.5 Lacs to 4.00 Lacs
2) They all have saving between 1.25 lac to 1.5 lac & their Net salary are below taxable limit.
3) No TDS has been deducted.
4) We have collected necessary saving proofs as well from the above employees.

Sir, should we show the above salary details in 24Q? If yes, should we show quarterly or in last quarter only.

If we don't need to show, what kind of record we have maintain of above employee i.e. any form etc.

Its my humble request, kindly guide me & resolve my queries as I have post this query earlier many times.

Regards,

Rakesh Sharma

CA Shubhanshu Jain

CA Shubhanshu Jain (Expert)
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15 March 2017 There is no need to show salary of those employees in form 24Q as no TDS is deducted

In 24Q
Under point No. 4 we have to mention TDS which we have deducted and paid to government
Under point No. 5 we have to mention detail of salary on which TDS has been deducted as per point 4..

In your case as no TDS is deducted, there is no need to mention such salary in form 24Q.

I hope this will clear your query

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