Form 24G

Meaning & Definition

Form 24G is a monthly statement submitted by government offices to report on TDS amounts deducted and paid without using a Challan through book adjustment; i.e. for DDO (Drawing and Disbursing Officer) and PAO (Pay and Accounts Office). Used by DDO’s to maintain proper reporting of tax deductions made by government offices so as to be able to file TDS returns.

Important features of Form 24G

• Provides a method for government agencies to correctly report TDS from wages.
• Accurately reconciling taxes through book adjustments.
• Maintaining transparency in government invoice and payment processing. 
• Provides a single location for tracking TDS without processing through a Challan.
• Greater compliance efficiencies within government accounting systems.

Applicable Rules & Policies 

• The authorised government offices need to file the Form 24G each month to report tax withheld for TDS-based adjustments made to the accounts.
• This form is used if there’s no CHALLAN when the tax is submitted through the government’s accounting process.
• The information submitted in this form should also match the details reported in the TDS statements and in the accounting transaction records.