07 February 2015
dear sir, my query is that one employee have join in the September month and his salary is 35,000/- per month, if we calculate income (September to march) for tds then he is not applicable for tds hence his last employer has been deduct TDs till august month so please advice me that how to calculate salary and deduct TDs for every month.......also when we calculate income the we consider previous employer salary or not??? please explain...thanks..
07 February 2015
Take declaration from employee aboyt his income and TDS previous employer. Considering the above you need to calculate and deduct TDS on Salary.
Form 12B is required to be furnished as per Rule 26A by a person joining any organisation in the middle of the year and is a form for furnishing the details of income earned from the previous employer.