S ELAVARASI (ACCOUNTANT) (2975 Points)
07 May 2019Dear Sir / Madam,
One of the new joined employee earned salary Rs. 3 lakh for six months & he is under TDS limit. But, Can't give his previous employment details. Bcoz, The previous employer not give any details to him for the reason of not give releving & notice periods...
What can I do now...?
CA. Umesh kumar
(ca.umesh11@gmail.com)
(1465 Points)
Replied 07 May 2019
when he joined in new company ? slaray received from previous employer is to be taken into account when employee joins in yr company during the year. FY 2019-20. suppose he joins in as on 1.6.2019 then salary received and tax deducted on this salary from 1.4.19 to 31.5.19 is to be obtained by new employer and taken into account and tds deducted in new company accordingly. if employee not able to provide then you may ignore salary and tds from previous employer
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 07 May 2019
Yes... I agreed to Mr CA Umesh Kumar.,
If the employee can't provide previous employment details then You can deduct TDS as per Your payments...
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 07 May 2019
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 07 May 2019
CA Sunil
(Internal Auditor)
(204 Points)
Replied 08 May 2019
It is not obligatory for the new employer to obtain Income and TDS details provided Form 12B is obtained where the employee has not declared any income from previous employer.
However, If he has declared income from previous employer and if combined it exceeds BEL, then it is obligatory for the new employer to factor previous employer income and TDS deducted for the current FY income and tax liability.
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 12 May 2019
CAclubindia
