Description
Documents Required:
- Employee Salary Details
- What it is: A summary of each employee’s salary components (basic, allowances, bonuses) for the quarter, including monthly TDS deductions.
- Purpose: Provides detailed salary information necessary to calculate and report the total TDS deducted for each employee in Form 24Q.
- PAN Details of All Employees
- What it is: PAN (Permanent Account Number) of each employee for whom TDS was deducted during the quarter.
- Purpose: Ensures accurate identification of employees and links the deducted TDS to their individual tax records.
- TDS Payment Challans
- What it is: Receipts or challans for monthly or quarterly TDS payments made to the government.
- Purpose: Confirms that the deducted TDS has been paid to the tax authorities, which is essential for filing the return.
- Form 16 (Part A & B) Summary (if applicable)
- What it is: Summarized Form 16 details that include all TDS deductions made for each employee during the quarter.
- Purpose: Helps to verify TDS calculations and ensure that deductions match what will be provided to employees in Form 16.
- Quarterly TDS Calculation Worksheet
- What it is: A calculation sheet or summary that shows the total TDS computed for each employee, adjustments, exemptions, and deductions applied.
- Purpose: Aids in accurate reporting of TDS for the quarter, ensuring all deductions align with income tax rules.
- Bank Statement for TDS Payments
- What it is: Bank statements showing the TDS payment transactions made to the government for the quarter.
- Purpose: Provides a clear record of TDS remittances, supporting accurate and verified submission of TDS returns.
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