Form 24Q is a quarterly statement filed by employers to report Tax Deducted at Source (TDS) on salaries under Section 192 of the Income Tax Act, 1961. This form is mandatory for all organizations, including those in manufacturing, retail, logistics, and facility management, ensuring proper tax compliance for full-time, contract, and gig workers.

Form 24Q is submitted to the Income Tax Department every quarter, detailing employee salary payments and TDS deductions. The final quarter (Q4) includes a comprehensive salary breakup and PAN details of employees, essential for generating Form 16, which employees use for tax filing. Businesses leverage HRMS platforms, payroll automation tools, and tax compliance systems to simplify TDS calculations, ensure accurate reporting, and avoid penalties.