Form 24Q, gratuity, bonus and full and final

# Form 24Q, gratuity, bonus and full and final

Form 24Q

Salary TDS is reported each quarter. On Payroll files, Form 24Q choose the quarter and download the data file. Open it in the free return preparation utility, check it and file from there. The tax figures are the ones in your pay runs; Pop Books does not work out salary tax from the law.

Gratuity and bonus

Gratuity and bonus estimates what you owe at a date, from the rates you confirmed. It is an estimate for your books. You can post it as a journal entry after your adviser checks it.

Full and final

When someone leaves, choose them and give the last working day. Type the last-day pay, leave encashment, notice pay, notice-pay recovery, tax withheld and any bonus. Gratuity is calculated from your confirmed rates when the person has five or more completed years, unless you type an amount. A gratuity amount is only shown when it is due.

Press Prepare preview to see what is due and what is taken off. Then press Save draft; the draft can still be changed. Choose the expense, payable, recovery and tax accounts, then press Confirm and post to ledger and confirm. That posts one balanced entry. The same settlement cannot be posted twice, and a posted settlement cannot be changed.

Download the statement as a PDF gives you a printable statement for the person, with the net amount in words.

Verify with your tax adviser. Last reviewed 2026-11.