How to prepare consolidated Form 16.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 May 2011 Where the employee has serviced more than one employer say X(last) and Y (present). Suppose the employee wants consolidated from 16 from Y.The query is at the time of preparing form16 How to incorporate the detail of x ie his TAN no and PAN no and the income and tax deducted by him in the form 16 to be issued by Y, bcoz in final form 16 to be issued by Y,only TAN and PAN of Y will be reflected. This may create proble in assessment of tax in the IT return.

CA. Naveen Bhat

CA. Naveen Bhat (Expert)
Follow

13 May 2011 For consolidated form 16 only income needs to be clubbed. you need not show details of previous employer. TDS has to be on the total income including the previous employers.

PAN & TAN will be of current employer who has filed the ETDS return, However you can issued a consolidated TDS certificate including the previous employer TDS in Part B.
The rule says:-
If an assessee is employed under more than one employer during the year, each of the employers shall issue Part A of the certificate in Form No. 16 pertaining to the period for which such assessee was employed with each of the employers. Part B may be issued by each of the employers or the last employer at the option of the
assessee.