My current company's HR department is asking me for previous Income proof so as to calculate Tax on Salary from current employer. However I am of gut feeling that I need not to declare my previous Income & the current company can deduct TDS on Salaries as applicable from the current employer.They say that if I do not declare that the TAX from my current salary will be deducted on higher side for smooth year end closing. Please advice.
I need to confirm this ASAP. Request you to please give clarification on this. Also is there any declaration form to be submitted for declaration then which form is this Z& from where can I down load.
22 December 2011
why don't you take form 16 from past employer or the TDS from 26As to prove your TDS,There is simple declaration of the same in a paper to be given to present company of total income.The current company HR is right,You must declare the income of C.Y
CAclubindia
