Form 24Q4 - Original return
Guide to prepare and file Form 24Q4 - Original return
1. Deductions and Salary details upload
For 24Q4, two templates - ‘Deductions’ and ‘Salary’ need to be prepared. Depending on the user’s choice, templates can be prepared in any sequence.
1a. Upload > Deduction Template
Steps to Prepare and Ingest Deduction Template is same as for Q1 to Q3 except for the below additional step:
Select ‘Tax Deduction 24Q Template’
After Deduction Template is successfully ingested, on the right modal, user will be prompted to upload the Salary Template
Click on ‘Import’ and the modal will open to download and ingest the ‘Salary Template’
1b. Ingestion > Salary Template
Download ‘ClearTax Form 24Q Salary Details Template’
An excel template will be downloaded to your local system
Fill all the necessary details in this excel (Employee details, Salary details, Exemptions and Deductions details, TDS details and so on)
Note: Formulas are applied only for the first row. Users can copy paste the formulas to the relevant rows.
Save this file in your local system
Come back to app.clear and click on ‘Select TDS Salary details/ deductions file (.xlsx) to import’
Upload the filled excel template
Select the template ‘Salary 24Q Template’ from the dropdown and click on ‘Check file for errors and duplicates’
If there are any ingestion errors in the ‘Salary Template’, the error report will generate. You can click on ‘Download File’ to check the errors
You can rectify the errors in the same file and re-ingest it and click on ‘Finish’
Reviewing Salary Details after Ingestion
Whenever Salary Template will be ingested into the Clear Portal, the tax calculations will run for the ingested records and users will be notified about the ‘Tax Calculation completion’ on the bell icon.
Once the Tax Calculation is completed, Calculation Status will be updated for all the records. The status can be one of the below :
Updated: The user-entered value in the salary template is updated to the correct values based on the tax calculations.
Error: User-entered value does not match the criteria specified for various sections as per the law.
Matched: User entered value is correct and there is no change in any field value after Tax calculation.
Users will be notified about the records updated/error on the ribbon bar. You can click on ‘Download File’ and refer to the ‘Error Message’ column to know which fields are updated or have erroneous data.
Users can make necessary changes if required in the Downloaded file and re-ingest it via ‘Import File’ option available on the top of the ribbon bar
Alternatively, on UI also, the updated/error fields will be highlighted and upon hovering the fields, the updated/error message will be displayed.
Making changes to the already ingested data
Salary Tab > Actions > Download Salaries
The entire salary details will be downloaded in excel and users can make required changes and reingest the file (do not make changes to salary IDs to maintain the uniqueness).
The already ingested data will be overwritten by the latest ingested file.
Note: Ensure not to change the Salary ID. Changing the Salary ID will create a new record instead of updating the existing record.
Salary Short Deduction
For Form 24Q4, under potential notice check, one more validation is added to check for Shortfall in TDS deducted for Salary Details.
Run Potential Notice Check
Click on ‘Download all errors’
The Potential notice zip file will contain two files
Salary Short Deduction - Shortfall in Tax Deduction related to Salary Records.
Deduction Potential Notice - Consisting of Short Deduction related to Deductions records, Interest on late deduction and Interest on late deposit
Users can make the required changes in the same file and re-ingest it.
Missing PANs Validation
Aggregate Validation:
Post Challan overconsumption error, the return data will be checked for Missing PANs i.e PANs available in Deduction records but not available in Salary records.
This will check for Deduction PANs from Q1 to Q4 for Form 24Q i.e. any PANs present in Deduction details of Q1, Q2, Q3 or Q4 but not present in Salary details will be highlighted.
Click on Review and Fix Errors > Download File
Salary Annexure highlighting Missing PANs will be downloaded
Fill in the Salary Details for the Missing PANs and upload the file
In case, users do not want to update the Salary details for Missing PANs, they can click on ‘Skip’ and proceed to Generate FVU. In such case Form 16 Part B won’t be available from TARCES
You can follow "Generate and e-file" for next steps
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