What is Form 138?

Form 138:

Form 138 is used to file the quarterly TDS return for salary payments. Employers use this form to report the tax deducted at source (TDS) from employees' salaries under Section 392(1) of the Income Tax Act, 2025.

Form 138 is filed every quarter and consists of two annexures: Annexure I and Annexure II. 

• Annexures in Form 138

• Annexure I

• Contains quarterly salary details

• Submitted in all four quarters

• Annexure II

• Contains yearly salary details

• Includes deductions under Chapter VI-A (like LIC, PPF, etc.)

• Submitted only in the 4th quarter

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