TaxTMI 
TaxTMI 
Subject: Clarification on Reporting Employees in 24Q1 Salary TDS Return for FY 2025-26 (Employees Earning Above ?4 Lakhs, New Tax Regime)
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....ubject: Clarification on Reporting Employees in 24Q1 Salary TDS Return for FY 2025-26 (Employees Earning Above ?4 Lakhs, New Tax Regime) <br> Query (Issue) Started By: - Rajagopal K Dated:- 22-7-2025 Income Tax <br> Got 2 Replies <br> Income Tax<br> <br> Dear Experts, I would be grateful for your guidance on a specific query related to the 24Q1 Salary TDS Return for FY 2025-26, particularly in rel....
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....ation to employees whose annual salary exceeds Rs. 4 Lakhs but is below Rs. 12 Lakhs, under the new tax regime. As per the current tax guidelines, TDS is generally deducted for employees earning above Rs. 12 Lakhs annually. However, for employees earning between Rs. 4 Lakhs and Rs. 12 Lakhs, no TDS is deducted as their income is below the threshold for deduction. Further, according to the TDS Retu....
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....rn schema, there should be at least one valid payment challan reported. For example: Mr. A: Salary exceeds Rs. 12 Lakhs annually (monthly salary of Rs. 1 Lakh). TDS of Rs. 10,000 is deducted per month (as per applicable slab). Mr. B: Salary is more than Rs. 5 Lakhs but less than Rs. 12 Lakhs annually (Rs. 6 Lakhs / Rs. 50,000 per month), and no TDS is deducted, as no tax is applicable. My question....
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.... is: 1. How should we report employees like Mr. B, whose salary exceeds Rs. 4 Lakhs but is below Rs. 12 Lakhs, in the 24Q1 Salary TDS Return, even if no TDS is deducted? Would they still need to be reported, considering the schema requires at least one valid payment challan? If so, what is the correct way to handle these cases?. I would greatly appreciate your clarification on this matter. Thank y....
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....ou so much for your time and expertise! Warm regards --Reply By: Sanjay Lunia The Reply: Dear Member, If you have a valid TDS challan, you can use it to report both employees from whom tax has been deducted and those from whom no tax has been deducted. In case you do not have any challan and your employees require Form 16 at the end of the financial year, you may consider paying a nominal amoun....
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....t of Rs. 100/- as TDS. You can then allocate Rs. 10/- per month against employees where no tax deduction is applicable. This ensures that all employees are covered in the TDS returns and you will be able to generate Form 16 for them at year-end. Hope this clarification helps. Thank you --Reply By: TANAY GHILDIYAL The Reply: Yes I agree with Mr. Sanjay. Adding on I will recommend yo add those fr....
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....om whom no tax has been deducted in the final TDS return for FY 2025-26 i.e. 24Q - Q4. This will also serve your purpose. <br>***<br> Discussion Forum - Knowledge Sharing....