Form 24G is a statement filed by a Drawing and Disbursing Officer (DDO) or a government office to report Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) without a challan to the Income Tax Department. This form is essential for government offices and organizations responsible for direct tax deductions from salaries, vendor payments, and other taxable transactions.

For businesses managing payroll compliance, contract workers, and large-scale workforce operations, ensuring accurate TDS/TCS reporting is crucial to avoid penalties and maintain tax transparency. Companies use HRMS platforms and payroll automation tools to streamline tax deductions, generate statutory reports, and ensure seamless compliance with income tax regulations. Filing Form 24G on time helps in preventing delays in employee tax credits and ensures smooth financial operations.