Form16

This query is : Resolved

Yogesh (Querist)
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20 March 2009 Hi,

Pl let me know where in form 16, i need to show the salary income and the TDs deducted by Ex-emp in new employer form16 for FY-2008-09.

Since income from salary for the FY 2008-09 is from 2 employer.

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)
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20 March 2009 Under the head any income reported by employee.

CA Nitin Wadhwani

CA Nitin Wadhwani (Expert)
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20 March 2009 It is to be shown in separate form no.12B and not in form 16.

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Yogesh

Yogesh (Querist)
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23 March 2009 I am taking into consideration the income from salary from Ex-employer for calculating the tds applicable for current employer.

How do i justify that the tds calculated is correct and issue the form16 accordingly.

IF i donot mentioned the income from salary from previous employer in form16 then the tds deducted will be more.

please advice

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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14 March 2012 The income from previous employer is to be shown under 'Any other income reported by the employee' and TDS deducted by the previous employer is to be shown in Annexure A.