FORM 16

P. Raja (Manager Finance & Accounts)   (198 Points)

06 June 2009  

One employee joined in our company on 1st January 2009 and he earned a salary of Rs.225000/- from my company, he had already earned around Rs.450000/- from his previous employer .At the time of joining I got a declaration from him signed for TDS purpose. and I asked him to get statement ( declaration ) signed from the previous employer stating the salary paid by them as well TDS deducted by them on it, so that I can issue a TDS Certificate in Form 16 for the full amount he earned from both employers, the employee failed to inform this to the previous employer and they have already issued Form16 to him

My question is that whether shall I issue a simple TDS certificate in Form16 for my company Salary only or should I consider previous salary and issue a composit TDS Certificate in Form 16 ? If I have to issue a composit certificate what are the precautions to be taken

Please help me to solve this issue at the earliest ,

Thanks in advance

Regards

P. Raja