Compliance Alert: Form 24G Deadline for Government Offices for February 2026

Government offices that have deposited TDS or TCS for the month of February 2026 without a challan must adhere to a specific filing deadline this month. Ensuring the timely submission of Form 24G is essential for the smooth processing of tax credits for deductees and the avoidance of statutory penalties.

Understanding Form 24G Requirements

Form 24G is a specialized statement used by Drawing and Disbursing Officers (DDOs) and PAOs in government departments. It serves to report tax deductions or collections where the payment to the credit of the Central Government is made through book entry rather than a physical bank challan.

Key Points for Compliance:

• Filing Deadline: For the month of February 2026, the deadline for furnishing Form 24G is March 15, 2026.

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• Accurate Reporting: The form must include details of all TDS/TCS deposited without a challan, ensuring the BIN (Book Identification Number) is correctly generated.

• Avoid Penalties: Delayed filing of Form 24G can lead to a late filing fee of 200 per day under Section 234E of the Income Tax Act, 1861.

Statutory References:

• Rule 30 and Rule 37CA of the Income Tax Rules, 1962: Outlining the procedure for government offices.

• Section 200(2A) of the Income Tax Act, 1961: Mandatory requirement for government offices to furnish the statement of tax deducted.

Timely compliance ensures that the tax credits are reflected in the Form 26AS/AIS of the concerned employees or vendors, preventing unnecessary disputes.

For expert guidance on this topic, contact your tax professional today.