Salary tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 February 2013 mr a working in co A gets salary of Rs 75000 for all 5 months and he joins co B for remaining 7 months for a salary of Rs 20000 per month. then is it obligation for Co B to make tds considering the salary of the previous co ie Rs 75000 + 140000 where total salary crosses Rs 2 lacs or Co B should consider the salary payable by it and no TDS shall be made on Rs 140000 as its less than the slab

jaydip a. limbasiya

jaydip a. limbasiya (Expert)
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07 February 2013 Mr. A shall give the form no 12B as per section 192(2).

If A give form no 12B, Company B shall consider Income (75000+140000) of the previous employer and deduct tax accordingly.