Please let me whether it is mandatory to consider the salary of earlier employer by the current employer for TDS deduction and for form 16 Or can he deduct the TDS only on the basis salary given by him
18 January 2011
as per act this is not mandatory that current employer consider salary given by previous employer, however, if employee wishes then employee can request to the current employer to compute tax on also that salary which has been given by previous employer...
18 January 2011
3.4 Sub- section (2) of section 192 deals with situations where an individual is working under more than one employer or has changed from one employer to another. It provides for deduction of tax at source by such employer (as the tax payer may choose) from the aggregate salary of the employee who is or has been in receipt of salary from more than one employer. The employee is now required to furnish to the present/chosen employer details of the income under the head "Salaries" due or received from the former/other employer and also tax deducted at source there from, in writing and duly verified by him and by the former/other employer. The present/ chosen employer will be required to deduct tax at source on the aggregate amount of salary (including salary received from the former or other employer).
CAclubindia
