Regarding E-TDS for Salary – Form 24Q.

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Guest

Guest (Querist)

11 May 2010 Regarding E-TDS for Salary – Form 24Q.

Sl. No.332 of Annexure II of Form 24Q –
Total amount of salary (Includes wages, annuity, pension, gratuity, fees, commission, bonus, repayment of amount deposited etc.,)

Query 1 : Whether the salary amount excluding the allowances like HRA, Conveyance and Medical should be filled.

Sl. No.335 of Annexure II of Form 24Q –
Income (including loss from housing property) under any head other than the head "Salaries" offered for TDS [section 192(2B)

Query 2 : As the employee reports other income like interest on FD and Bank SB, the company shall also mention the amount in this field, duly deducting TDS on Salary and the income reported by the employee.

In such situation, while filling Form 27A for Form 24Q – Which amount should be filled in the field ‘Amount Paid’ under the Heading ‘4. Control Totals’ – Whether we need to fill the amount as mentioned in Sl. No.332.

I shall await the advise of the EXPERTS on the matter.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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11 May 2010 Ans.Q.1.Taxable Salary after given all expemtions like HRA.Transport allowance

Ans.Q.2. You can add the other income like Interest etc.

But amount paid only your taxable salary mentioned in s.no.332 need to show

Guest

Guest (Querist)

11 May 2010 Thanks a lot.

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