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tds on salary from two employer ?

14 December 2010

i want to know that if a man working in a company from april 2010 to june 2010 rs 22000 per month but their tds not deduct their now that man left the job and join another company from july 2010 to currently working now i want to deduct their tds from nov. month salary onwards (april to oct ) tds is not deduct in both company.

what amount should i deduct from nov. 2010 onwards ?

should i deduct tds on income of previous owner also ?

plz clarrifey

thanks in advance

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6 Replies

B. Umapathy (student) (405 Points)
Replied 14 December 2010

IF EMPLOYEE DECLARED THE INCOME FROM PREVIOUS EMPLOYER THEN PRESENT EMPLOYER SHOULD DEDUCT TAX ACCORDINGLY, OTHERWISE THE PRESENT EMPLOYER CAN CONSIDER THE SALARY FROM NOVEMBER ITSELF. i.e.TDS CAN BE DEDUCTED FOR NOV- MAR SALARY.

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CA Manikandan.A.V (FINANCE & ACCOUNTS) (789 Points)
Replied 14 December 2010

Obtain from such an employee Form 12 b (from previous employer) and add that to your workings towards current year TDS.

PRAVEEN KUMAR (MBA (Finance) B.Com.(P)) (3443 Points)
Replied 14 December 2010

or ask the person to calculate himself his salary received during previous employment he can extract it from his pay slip etc. easily. he needs to just tell u amount received from previous employer head wise so that you can club this income of his previous employment with current period earnings. form 12b can be filled.. but my personal opinion is you should help the employee to get that form fill bcoz.. i saw a lot of non accounting people found it very difficult to fill form 12 b.

:-)