Vincent Jose (Branch In Charge) (78 Points)
04 August 2011XYZ is having salary from 2 employers.
Employer A's TDS Certificate shows the total salary paid and the tax deducted thereon.
Employer B has also deducted tax including the salary received from Employer A as net tax deducted was not enough keeping in mind the payment received from Emp A too.
Now my question is how will Emp B show this in his TDS Certificate to be issued to XYZ and Qtr 4 24Q Annexure II ???
Please help....
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 04 August 2011
every company will consider his own salary only, and issue TDS certificate / form 16/`16A accordingly, its the burden to the employee to pay additional tax / claim refund and file ITR
Vincent Jose
(Branch In Charge)
(78 Points)
Replied 04 August 2011
So what you are saying is to provide only the details pertaining to Emp B in the TDS Certificate to be issued by him and leave the rest to the employee ?
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 04 August 2011
an employment means full time working with any company, simaltenous employment in more than one companies is barred ............ ( not explaining the complexity here)
so B will look into his own business only, and issue certificate for his part only, its upto employee to file return for multiple sources of salary and income.
Vincent Jose
(Branch In Charge)
(78 Points)
Replied 04 August 2011
Thank you sir for your kind help.. 
CAclubindia
