How can admin set Form 24Q options in greytHR?

Form 24Q is a statement under the Income Tax Act, 1961, used for reporting tax deducted at source (TDS) from salaries. It is filed by employers or entities responsible for deducting TDS from employee salaries and contains details of tax deductions made and other related information.

To set the Form24Q options on greytHR, the admin must perform the following actions:

1. From the greytHR Admin portal, navigate to the Settings icon > System Settings > Income tax > Form24Q. The Form24Q page opens.
2. Under the Particulars of Return section, from the Type Of Deductor dropdown list, select the deductor type.
3. From the Payment Section Code dropdown list, select the required option.
4. Under the Particulars of Deductor (Employer) section, fill in the employer details. 
5. Under Particulars of the Person Responsible for Deduction of Tax section, fill in the employee details.
6. Under the preferences, select the required checkbox from the given list.
7. Click Save to set the Form24Q option on greytHR.

Note: You must set the Form24Q options if you are uploading challan details for the first time and also, you need to complete FVU validation through greytHR.

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Related Links:

Videos-

• To watch Form 24Q generation video, click here.
• To watch Form 24Q generation for last quarter (Q4) video, click here.

FAQs- To read more FAQs about Form 24Q, click here.

Documentation- To read more about Form 24Q, click here.

Product Update- To read about the product update, click here.