Form 24G

You must complete Form 24G, which is required by the Government of India through the IT department, in order to find out your annual income tax. Accounts Officers must provide this form, which includes information on taxes withheld in the format specified, to a Drawing and Disbursing Officer in order for it to be processed.

What Is Form 24G/Form 24G Of Income Tax?

Accounting Officers (AOs) are required to report Tax Deducted at Source (TDS). This is done through Form 24G, which compiles TDS information for the Drawing and Disbursing Officer (DDO). The purpose of submitting Form 24G is to ensure accurate TDS reporting to the DDO. AOs need to ensure they follow the correct format for reporting TDS data.

For all natural individuals falling under the tax bracket—including non-residents, jobless natural persons, and taxable persons—this electronic document is required. As per Income Tax Department Notification No. 41/2010, form 24G needs to be provided in order to process income tax for the year. When processing TDS for salaried, non-salaried, or non-resident people, AOs utilize Form 24G. They follow particular guidelines and make sure the format is followed.

Who Must Submit Form 24G?

Form 24G must be submitted by Pay and Accounts Offices (PAO), District Treasury Offices (DTO), and Check Drawing and Disbursing Offices (CDDO) in accordance with Income Tax Department Notification No. 41/2010, dated May 31, 2010. The government office, PAO/CDDO/DTO (hence referred to as AO), must complete Form 24G if it has paid taxes to the Central Government without a challan associated with a bank deposit.

How to Fill Form 24G?

To complete Form 24G, take the following actions:

• Step 1: Enter the month that the form was filed validly.
• Step 2: Give the accounts officer your contact information. Don't forget to include your PAO registration number.
• Step 3: Provide the individual's information. Include their email address, phone number, and job title.
• Step 4: Provide a provisional confirmation number and specify whether the same form was previously filed at the same time.
• Step 5: Identify the organization type that withholds taxes (State or Central Government) and, if relevant, include the State, Ministry, and Sub-Ministry.
• Step 6: Fill out the table completely for every deduction, including the name, address, email address, DDO registration number, code, TAN information, tax collected, and total amount remitted.
• Step 7: Provide a summary of the statement that includes the total number of DDOs, entries made, amount withheld, and tax paid to the government.
• Step 8: Sign the form, indicate the accuracy of the data, and put your name in the declaration.

The Content Of Form 24G

The following should be included in Form 24G:

• Information about the AO submitting Form 24G (AIN, name, contact information, and demographic data).
• Classification of AO (Central / State Government) and state / ministry specific information.
• Details of the statement (month and year that Form 24G is being filed).
• Summary of payments; breakdown of deductions by type (TCS, Non-TCS, Salary, Non-TCS Non-resident, and TCS).
• Payment details for each DDO, including the DDO's TAN, name, demographics, and the total amount withheld and transferred to the government account (A.G. / Pr.CCA).
• DDOs that are connected to the AO. The statement should specify if the DDO wishes to add, remove, or update any DDO data.

The Form 24G Preparation Utility, created by Protean eGov Technologies Limited (Protean) and publicly accessible via the Tax Information Network (TIN) website (www.protean-tinpan.com) or the Income Tax India (ITD) website (www.incometaxindia.gov.in), is another option available to AO for preparing the statement. To get the Form 24G Preparation Utility, click this link.