Calculation of income tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 October 2013 The employee has joine in between the fiancial year and has declared the income from Prev. employer as nil.

1.Can the co. accept this as valid?

2.What is the Co's resposibilty while calculating the Income tax for the year?

CA Pallav Singhania

CA Pallav Singhania (Expert)
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05 October 2013 The New co. will ask for the Salary Slip of the previous employer,
If the employee couldn't able to provide so then the new company will deduct TDS in accordance with its provisions..