Anjaneyulu (Private Service) (58 Points)
04 March 2009If an employee joined in middle / part of the financial year to a company, is he / she is responsable to declare his / her remunaration and TDs details of the previous compnay? If he / she does not declare the same to the new employer,
Employer has got right to get the information or Employer is responsable to deduct TDS?
Please clarify
Mahendra Furia
(62 Points)
Replied 04 March 2009
I don't think employer is under any obligation to take the income of previous employer from the employees.
It is emlployees' duty to provide the income details.
Sujit Talukder
(service)
(719 Points)
Replied 04 March 2009
Employee has to furnish the details of income from previous employer by submitting the Form 16. In case the employee is unable to furnish Form 16 then he should submit Form 12B. There if the employee shows NIL income from previous employer, the current employer will not face any consequences. However, the current employer should also verify the same with the BIO-DATA submitted by the employee.
Ashish M
(Chartered Accountant)
(2731 Points)
Replied 04 March 2009
Sec.192(2) says the employee is under no obligation to give the details to the present employer for his previous salary.............he just has the option to do so.............
Ankur Agrawal
(CS, CA Final)
(239 Points)
Replied 21 March 2009
Mahesh sir contention is right....!!
employee shd provide the detail in precribed form...so that a fair amount of tds shall be deducted ....as in lack of information ...new emplyer once again consider minimum slab ...which is totaly unfair,,,
Dinesh Khurana
(Service)
(95 Points)
Replied 30 April 2009
I think .. Surjit is right
Employer should get declaration from employee of prevoius employer income, if employee is not employed last, he should give declaration for NIL Income
CAclubindia
