TDS ON SALARY OF PREVIOUS EMPLOYER

This query is : Resolved 

05 March 2011 1) what is penalty if previous employer earning not counted by current employer while deducting TDS on salary ?

2) is it compulsory to take previous employer salary detail from employee ?

3) if any com. is purchase by a new com. in mid of F.Y. than is it Liability of new com. to deduct TDS on Full Year earning / if not deducted by old com. ?



06 March 2011 Hi,Ask for the declaration with form 16 of old company.This is the responsiblity of old company .Onus ins on them.Declaration is fine for new company.

06 March 2011 if declaration recd & on that income tds is not deducted by old com. than new com. has to consider full salary and new com. has to deduct TDS or not?


06 March 2011 Yes,In case no TDS deducted by old company & Employee confirms affirmative.



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