What is Form 24Q and who files it?

Form 24Q is the quarterly TDS return filed by employers who deduct TDS on salary payments under Section 192 of the Income Tax Act. Every employer in Pune - company, LLP, partnership, proprietorship, or government body - that deducts TDS from employee salaries must file 24Q. It contains challan details, employee-wise TDS data (Annexure I for all quarters), and detailed salary breakup with tax computation (Annexure II mandatory in Q4).

What is the due date for filing 24Q?

Form 24Q must be filed quarterly: Q1 (April-June) by 31 July, Q2 (July-September) by 31 October, Q3 (October-December) by 31 January, and Q4 (January-March) by 31 May. TDS must be deposited monthly by the 7th of the following month. Form 16 must be issued to employees by 15 June. Missing any deadline triggers late fees and penalties.

What is the penalty for late filing of TDS return?

Late filing attracts Rs 200 per day under Section 234E from the due date until actual filing, capped at the TDS amount. If not filed within one year, the Assessing Officer can impose Rs 10,000 to Rs 1,00,000 penalty under Section 271H. Interest at 1% per month for late deduction and 1.5% per month for late deposit. Prosecution (3 months to 7 years imprisonment) for failure to deposit TDS.

When must employers issue Form 16?

Employers must issue Form 16 to every employee by 15 June of the following financial year. Part A is downloaded from the TRACES portal after Q4 24Q is filed and processed. Part B is prepared by the employer with the salary breakup and tax computation. Employees use Form 16 for filing their income tax returns.

How is TDS on salary calculated under the new regime?

From FY 2025-26, the new tax regime is default. TDS is computed at the average rate on estimated annual income using new slabs (0% up to Rs 4 lakh, 5% Rs 4-8 lakh, 10% Rs 8-12 lakh, etc.) after standard deduction of Rs 75,000. If the employee opts for old regime in writing, old slabs with Section 80C/80D/HRA deductions apply. Monthly TDS = annual tax divided by 12.

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TDS Return Filing in Pune: 24Q, Form 16, and Employer Compliance

Q: Do I need to file 24Q if no TDS is deducted?

If all employees have income below the basic exemption limit and no TDS was deducted or deposited, there is technically no requirement for nil 24Q. However, if TDS was deducted even for a single employee in any month, the return for that quarter must be filed. Many professionals recommend filing nil returns to maintain a clean compliance record with the TDS office. Quick Answers 24Q kab file karna hota hai? Har quarter mein: Q1 by 31 July, Q2 by 31 October, Q3 by 31 January, Q4 by 31 May. TDS har mahine 7 tarikh tak deposit karo. Form 16 kab dena hota hai? Har saal 15 June tak. Q4 24Q file hone ke baad TRACES se Part A download karo, Part B employer banata hai, aur employee ko de do. Late filing ka kya penalty hai? Rs 200 per day (Section 234E), maximum TDS amount tak. Plus Rs 10,000 se Rs 1,00,000 penalty agar ek saal se zyada delay ho (Section 271H).

Reviewed by CA and CS Team, Patron Accounting LLP ICAI & ICSI Registered| 15+ Years Experience| Last Updated: 23 March 2026 Verify Credentials →

Documents: TAN, employee salary register, investment declarations, challan ITNS 281, PAN of employees

Fees: No government fee for return filing | Professional fee Rs 1,500 - Rs 8,000 per quarter

Eligibility: All employers deducting TDS on salary under Section 192 in Pune

Timeline: Q1: 31 Jul | Q2: 31 Oct | Q3: 31 Jan | Q4: 31 May | Form 16: 15 June

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Overview What Is 24Q Who Must File Services Process Documents Challenges Fees Deadlines Why Patron 24Q vs 26Q FAQs

TDS Return Filing in Pune - Overview

📌 TL;DR - TDS Return Filing in Pune Services at a Glance

Every employer in Pune who deducts TDS on employee salaries under Section 192 must file Form 24Q quarterly on the TRACES portal (tdscpc.gov.in). Form 24Q has Annexure I (challan and deductee details, all 4 quarters) and Annexure II (detailed salary breakup - mandatory in Q4). TDS must be deposited by the 7th of the following month via Challan ITNS 281. Form 16 must be issued to every employee by 15 June. Late filing attracts Rs 200/day under Section 234E plus Rs 10,000-Rs 1,00,000 under Section 271H.

Pune is one of India's largest employer hubs - with over 5 lakh IT professionals across the Hinjewadi-Kharadi-Magarpatta IT corridor, tens of thousands of manufacturing workers at MIDC Bhosari, Chakan and Ranjangaon, and a thriving startup ecosystem at Baner, Aundh and Kharadi. Every employer must deduct TDS under Section 192, deposit monthly via Challan ITNS 281, file quarterly Form 24Q, and issue Form 16 by 15 June. Learn more about TDS Return Filing across India.

With the new tax regime as default for FY 2025-26, Pune employers must correctly compute TDS using the new slabs unless an employee specifically opts for the old regime. The TDS Circle, Pune and TRACES portal administer compliance. File on incometax.gov.in and download Form 16 from TRACES (tdscpc.gov.in). For related services, see Payroll Processing in Pune.

Content is reviewed quarterly for accuracy.

What Is TDS Return Filing (24Q / Form 16)?

TDS return filing for salaries is the quarterly submission of Form 24Q by employers, reporting all salary payments and TDS deducted under Section 192 of the Income Tax Act, 1961.

Form 24Q contains: Annexure I - challan details (BSR code, deposit date, serial number), deductee details (employee PAN, TDS amount). Filed all four quarters. Annexure II - detailed full-year salary breakup, exemptions, deductions, other income, tax computation. Mandatory in Q4, recommended quarterly.

Form 16 is the TDS certificate with Part A (from TRACES) and Part B (salary breakup by employer), issued by 15 June. TDS on Salary is deducted at the average rate on estimated annual income - new tax regime is default from FY 2025-26. Related: Income Tax Return in Pune.

Key Terms for TDS Return Filing in Pune:

Form 24Q: Quarterly TDS return for salary with Annexure I (all quarters) and Annexure II (Q4 mandatory)
Form 16: TDS certificate - Part A from TRACES + Part B by employer. Issued by 15 June.
Section 234E: Rs 200/day late fee, capped at TDS amount for the quarter
Annexure II: Full-year salary breakup with deductions and tax computation per employee
Challan ITNS 281: Monthly TDS deposit challan, due by the 7th of following month
New Tax Regime: Default from FY 2025-26 with revised slabs and Rs 75,000 standard deduction

Form 24Q TRACES + Form 16

Who Needs to File 24Q in Pune?

All Employers Deducting TDS on Salary: Every person (company, LLP, partnership, proprietorship, trust, government) in Pune who pays salary and deducts TDS under Section 192. This includes IT companies at Hinjewadi and Kharadi, manufacturers at MIDC Bhosari and Chakan, startups at Baner, and educational institutions.

Employers with TAN: TAN is mandatory for 24Q filing. Multi-location employers may have separate TANs per location. Related: PF Registration in Pune and ESIC Registration in Pune.

Even for a Single Employee: No minimum threshold. If even one employee's salary exceeds the basic exemption limit (Rs 3,00,000 under new regime) and TDS is deducted, 24Q is mandatory. Baner startups with 3-5 employees are equally obligated.

Government and PSU Employers: File through DDO (Drawing and Disbursing Officer). Non-government employers file directly on the e-filing portal.

TDS Return Filing Services in Pune

Service	What We Do
Quarterly 24Q Return Filing	End-to-end preparation and filing of Form 24Q for all four quarters including Annexure I (challan allocation) and Annexure II (salary breakup, deductions, tax computation) for Pune employers of all sizes.
TDS Calculation and Salary Structuring	Monthly TDS computation per employee based on applicable slab (old/new regime), declared investments, other income and previous employer salary. Optimised structuring within legal limits.
Form 16 Generation via TRACES	Download Part A from TRACES, preparation of Part B with salary and deduction details, timely issuance to all employees by 15 June. Bulk generation for large employers.
TDS Deposit and Challan Management	Monthly TDS deposit via Challan ITNS 281 by the 7th. Challan reconciliation, BSR code tracking and deposit verification against TRACES records.
Correction Statements	Filing revised/correction 24Q for errors in PAN, challan details, deductee amounts or salary figures via NSDL RPU. Related: Accounting Services.
Annual TDS Compliance Package	Year-round management: monthly deposit, quarterly 24Q, Form 16, TRACES reconciliation and demand resolution. Bundled with Professional Tax in Pune and PT Returns in Pune.

Our Process

TDS Return Filing Process in Pune

Our Pune CA team manages the entire TDS compliance cycle - from monthly computation to quarterly filing, Form 16 generation and TRACES reconciliation.

Step 1

Compute Monthly TDS for Each Employee

At the start of FY (or upon joining), estimate each employee's total annual income including salary, other declared income and eligible deductions. Determine old or new regime (new is default FY 2025-26). Calculate annual tax and divide by remaining months for monthly TDS. For Hinjewadi IT companies with complex CTC (variable pay, ESOPs, retention bonuses), Patron integrates with HRMS exports.

TDS per employee computedRegime correctly applied

Computed01

Step 2

Deposit TDS Monthly via Challan ITNS 281

Deposit total monthly TDS by the 7th of the following month (March TDS: by 30 April). Use Challan ITNS 281 on incometax.gov.in. Select correct assessment year, TAN and Section 192. Retain challan with BSR code, serial number and date of deposit - required for 24Q filing.

TDS deposited by 7thChallan BSR retained

Deposited02

Step 3

Prepare and File Form 24Q (Quarterly)

Compile employee-wise TDS data: PAN, amount paid, TDS deducted, date of payment. Map TDS against challan details. Generate FVU file using NSDL RPU. Upload on incometax.gov.in under TDS > File TDS Return. File by quarterly due date: Q1 by 31 Jul, Q2 by 31 Oct, Q3 by 31 Jan, Q4 by 31 May.

24Q filed on timeFVU validated

Filed03

Step 4

File Annexure II in Q4 with Full-Year Salary Details

In Q4 (Jan-Mar), Annexure II is mandatory: each employee's full-year gross salary, breakup, exemptions (HRA, LTA), deductions (80C, 80D), other income, tax computation and net TDS. For mid-year joiners/leavers, prorate salary and include previous employer details from Form 12B. Most complex part for large Hinjewadi employers.

Annexure II completeAll employees covered

Q4 Complete04

Step 5

Generate and Issue Form 16 by 15 June

After Q4 24Q is processed by TRACES, download Part A from tdscpc.gov.in. Prepare Part B with salary breakup and deduction computation. Merge Parts A and B. Issue to every employee by 15 June. For Hinjewadi IT companies, this is a mass exercise - Patron generates Form 16 in bulk using automated Part B preparation.

Part A downloadedForm 16 issued by 15 June

Form 16 Done05

Step 6

Reconcile with TRACES and Resolve Defaults

After filing, monitor TRACES for default summary, short deduction notices or demand intimations. Reconcile TDS in employees' Form 26AS with 24Q filings. If discrepancies found, file correction statement promptly. Patron runs quarterly reconciliation against TRACES data for all employer clients.

26AS reconciledCorrections filed if needed

All Clear06

Documents Required for 24Q Filing in Pune

TAN: Employer's Tax Deduction Account Number allocated to the Pune location.
Employee Salary Register: Month-wise salary details showing gross, allowances, deductions, net pay and TDS.
Employee Investment Declarations: Forms declaring 80C, 80D, HRA, home loan interest, and old/new regime opt-in.
Challan ITNS 281 Counterfoils: Monthly TDS deposit challans with BSR code, serial number and date.
Employee PAN Details: Valid PAN for each employee. TDS at 20% if PAN not provided.
Previous Employer Form 12B: For mid-year joiners - salary earned and TDS deducted in earlier employment.
DSC: Class 3 DSC for employers required to get accounts audited. Others use EVC.

Pune-specific tip: Hinjewadi IT companies with employees on ESOP vesting schedules should maintain a separate ESOP perquisite register for Annexure II computation. Mid-year job changers between Pune IT companies must submit Form 12B to avoid double deduction or shortfall.

Common Challenges in TDS Return Filing in Pune

Challenge	Impact	How Patron Accounting Solves It
New Regime as Default - Incorrect Slab	Hinjewadi IT companies with legacy payroll systems still default to old regime computation	Patron implements new regime as default from Day 1 with employee opt-in/opt-out tracking
Annexure II for 500+ Employees	Q4 salary breakup with ESOPs, variable pay, mid-year joiners creates massive complexity	Patron automates Annexure II via HRMS integration and validates every employee entry
Mid-Year Job Changers	Pune IT sector attrition creates double TDS or shortfall when Form 12B is not collected	Patron tracks Form 12B collection and consolidates tax computation across employers
Late TDS Deposit	Startups miss the 7th-of-month deadline; 1.5% interest per month accumulates	Patron processes deposits by the 5th with automated reminders for all clients

TDS Return Filing Fees in Pune

Fee Component	Amount
Quarterly 24Q (up to 25 employees)	Nil govt fee + Patron Rs 1,500-2,500/quarter
Quarterly 24Q (25-100 employees)	Nil govt fee + Patron Rs 2,500-5,000/quarter
Quarterly 24Q (100-500 employees)	Nil govt fee + Patron Rs 5,000-8,000/quarter
Quarterly 24Q (500+ employees)	Nil govt fee + Patron Rs 8,000-15,000/quarter
Form 16 Generation (all employees)	Included in annual package
Monthly TDS Deposit + Challan	Patron Rs 500-1,500/month
Correction Statement	Patron Rs 1,500-3,000 per correction
Annual TDS Compliance Package	Patron Rs 8,000-40,000/year

All fees and charges listed are indicative only and do not constitute a binding offer. Final amounts may vary depending on the volume of work and the complexity involved.

Professional service charges for drafting, filing, and representation are separate from the statutory fees. The exact fee depends on the complexity of the case, disputed amount, and number of hearings required. Contact us for a detailed quote.

Get a free TDS Return Filing in Pune consultation - Call +91 945 945 6700 or WhatsApp us. No-obligation assessment.

Key Deadlines and Timelines

Stage	Estimated Timeline
TDS Deposit (Monthly)	7th of following month (March: 30 April)
Q1 24Q (Apr-Jun)	31 July
Q2 24Q (Jul-Sep)	31 October
Q3 24Q (Oct-Dec)	31 January
Q4 24Q (Jan-Mar)	31 May (Annexure I + II mandatory)
Form 16 to Employees	15 June (Part A from TRACES + Part B)
Correction Statement	No fixed deadline - file ASAP upon errors

Pune Processing Note: All 24Q filing is online via incometax.gov.in. Form 16 Part A is downloaded from TRACES (tdscpc.gov.in). No physical submission required. Patron's Pune office at RTC Silver, Wagholi manages the complete process digitally. TDS Circle, Pune and CIT(TDS), Pune oversee compliance.

Key Benefits

Why Choose Patron for TDS Return Filing in Pune?

Pune Office Presence

Walk-in at RTC Silver, Wagholi. 30 minutes from Hinjewadi, Kharadi, MIDC Bhosari, Baner - the heart of Pune's employer districts.

Large-Employer Expertise

24Q filing for 10 to 5,000+ employees. HRMS integration, automated Annexure II, and bulk Form 16 generation. Complex CTC: ESOPs, variable pay, expatriates.

New Regime Ready

Immediate implementation of new tax regime as default for FY 2025-26. Employee opt-in/opt-out tracking. Correct slab application from Day 1.

Zero-Error Filing

Pre-filing NSDL FVU validation. TRACES reconciliation after every filing. Correction statements within 7 days. No Pune client has faced Section 271H penalty.

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With offices in Pune, Mumbai, Delhi and Gurugram, Patron serves employers across India.

24Q vs 26Q - Key Differences

Factor	Form 24Q	Form 26Q
Purpose	TDS on salary payments	TDS on non-salary payments
Section	192	194A, 194C, 194H, 194I, 194J, etc.
TDS Rate	As per income tax slab	Fixed rates (1%, 2%, 5%, 10%, etc.)
Annexure II	Mandatory in Q4 (full salary details)	Not applicable
TDS Certificate	Form 16	Form 16A
Regime Choice	Old or new regime per employee	Not applicable
Common For	All employers paying salary in Pune	Rent, professional fees, contractor payments

Related Services

For Pune employers needing related payroll and tax compliance:

Legal and Compliance Framework for TDS Returns

Governing Law: Income Tax Act, 1961 - Section 192 (TDS on salary); Section 200(3) read with Rule 31A (quarterly statement); Section 203 (TDS certificate).

TDS Rate: Average rate of income tax on estimated total income. New regime default FY 2025-26: 0% up to Rs 4L; 5% 4-8L; 10% 8-12L; 15% 12-16L; 20% 16-20L; 25% 20-24L; 30% above 24L. Standard deduction Rs 75,000.

TDS Deposit: By 7th via Challan ITNS 281 online at incometax.gov.in. March: by 30 April.

Form 24Q: Quarterly via NSDL RPU/FVU. Q1 31 Jul, Q2 31 Oct, Q3 31 Jan, Q4 31 May. Annexure II mandatory Q4.

Form 16: Part A from TRACES. Part B by employer. By 15 June.

Late Fee (234E): Rs 200/day, capped at TDS amount. Penalty (271H): Rs 10,000-Rs 1,00,000 for non-filing within 1 year.

Interest: 1% p.m. late deduction; 1.5% p.m. late deposit. Prosecution (276B): 3 months to 7 years imprisonment for non-deposit.

Authority: TDS Circle, Pune; CIT(TDS), Pune; incometax.gov.in; TRACES (tdscpc.gov.in).

FAQs - TDS Return Filing in Pune

Find answers to the most common questions about TDS return filing for employers in Pune.

Quick Answers

24Q kab file karna hota hai? Har quarter mein: Q1 by 31 July, Q2 by 31 October, Q3 by 31 January, Q4 by 31 May. TDS har mahine 7 tarikh tak deposit karo.

Form 16 kab dena hota hai? Har saal 15 June tak. Q4 24Q file hone ke baad TRACES se Part A download karo, Part B employer banata hai, aur employee ko de do.

Late filing ka kya penalty hai? Rs 200 per day (Section 234E), maximum TDS amount tak. Plus Rs 10,000 se Rs 1,00,000 penalty agar ek saal se zyada delay ho (Section 271H).

Don't Miss Your Quarterly 24Q Deadline

TDS return deadlines are quarterly and immovable - penalties start accumulating the very next day. A missed Q1 24Q for a Pune IT company with Rs 50 lakh TDS faces Rs 200/day, potentially Rs 50 lakh if unfiled for a year. Annexure II errors cascade into Form 16 mismatches triggering income tax notices to hundreds of employees simultaneously. Professional quarterly filing costs Rs 1,500-8,000 - a fraction of the Rs 200/day fee, Rs 1,00,000 penalty risk and interest charges.

File on time - Call +91 945 945 6700 or WhatsApp us. Free compliance assessment.

File Your TDS Returns in Pune - Accurate and On Time

TDS return filing (Form 24Q) and Form 16 generation is a mandatory quarterly and annual obligation for every employer in Pune deducting TDS on salaries. From Hinjewadi IT companies processing payroll for thousands to Baner startups with a handful of team members, accurate TDS computation, timely deposits and correct quarterly filing are non-negotiable.

Patron Accounting's Pune office at RTC Silver, Wagholi provides dedicated TDS compliance - monthly deposit management, quarterly 24Q filing, bulk Form 16 generation, TRACES reconciliation and correction statements.

With 15+ years experience, 10,000+ businesses served and a 4.9 Google rating, Patron is a trusted firm for employer tax compliance across Pune, Mumbai, Delhi and Gurugram.

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Content Created: 23 March 2026 | Last Updated: 23 March 2026 | Next Review: 23 April 2026 | Reviewed By: CA & CS Team, Patron Accounting LLP

This page is reviewed quarterly to reflect TDS due date updates, new regime slab changes, TRACES portal updates and penalty amendments. Last review: March 2026. Next review: April 2026.

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