eTDS - Generating Form 24Q - using greytHR

eTDS – Generating Form 24Q – using greytHR!
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A Warm Welcome to One and All!
(C) Greytip Software Pvt. Ltd.,

What is TDS
The word TDS stands for Tax Deducted at Source.
“As per the Income Tax Act – persons responsible for making payments
are required to deduct tax at source at prescribed rates.”
“TDS is deducted at the time of payment in cash or cheque or credit to
the payee’s account whichever happens earlier.”

eTDS
What is e-TDS?
“Companies making payments should also furnish TDS returns containing details of deductee(s) and
challan details relating to deposit of tax to IT Department.
It is mandatory to furnish TDS returns in electronic form (eTDS return)”
Who are liable to submit e-TDS Return/Statement?
“The person who deducts TDS is liable to furnish eTDS Return. It is mandatory to file TDS Return
within time as given below;
otherwise they are liable to pay penalty for non-submitting of e-TDS Return. “

Form 24Q and 27A
24Q
Form 24Q has details of salary paid and TDS deducted from employees.
Form 24Q for TDS deducted on salary (under section 192) is required to be
submitted on a quarterly basis by the deductor
27A
Is submitted along with Quarterly TDS Returns in Form 24Q with particulars of
deductor and aggregate amounts of Total Tax Deducted and total tax deposited

Form 24Q – Generation Manually

Want to see the Magic? Here You Go!

Log Into GreytHR!

Select Payroll From Menu

Lock the Payroll – For Particular Quarter

Now Go to Actions

Enter – 24Q in the Search Box

Form 24Q – Home Screen

Updating / Add the Challan Details

Adding Challans

Filling up the challan Details

Select the Challan and Allocate to Employees

Allocating the Challan Amount to Employees

Challan amount Reflected in the 24Q Home Screen

Generate FVU

GreytHR – Generating FVU File

Form 24Q – Generated Output

Want to Know what is that error? Select Error
Report… (tailor made feature for you!)
Incase of Errors!

Error Report - Usage

Now in-case of Excess Amount Paid?

Successfully Adjusted

Value Added Tips – from greytHR
How to Register with NSDL for eTDS
How to Upload FVU File
Doing Revised Returns for Form 24Q

Register the TAN and DSC of deductor at NSDL

Uploading your Generated FVU
Step 1: Login to TIN Central System – by signing DSC
Step 2: Select Upload option from the “TDS” section
Step 3: Get the Reference Number / Receipt Number / Provisional
Number

Doing Revised Returns / Revision in 24Q
• Make the Necessary Changes in greytHR
• Select the Quarter
• Click - 'Form 24Q Revision'
• Upload Consolidated TDS (CTDS) for the quarter
• greytHR intelligence system will automatically categorize and display corrections under
C1, C2, C3 etc.
• refer docs for step by step explanation of the process

Thank You!
From your beloved,
greytHR Family!

eTDS - Generating Form 24Q - using greytHR

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eTDS - Generating Form 24Q - using greytHR