Form NO 16

This query is : Resolved

Sunil Kr. Sanganeria (Querist)
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21 April 2011 A person has worked with two employers during the financial year 2010-11. First employer has deducted TDS amounting to Rs. 4000/-. The employee disclose his income and tax deducted by previous employer. The new employer has taken income disclosed and deducted tax accordingly but refuse to give the credit of TDS deducted by first employer.

The new employer said that there was no provision in Form No 16 to show Tax deducted by previous employer.

Please guide

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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24 April 2011 while taking previous employment and tax deduction also need to be consider but you need to produce the proper document for deduction like form16 of previous employment and salary certificate which show your deduction