Where during the financial year, an assessee:
(a) Is employed simultaneously under more than one employer, or
(b) Has changed the employment during the previous year,
He may furnish to the employer of his choise or the subsequent employer ( as the case may be) such details of salaried due or received by him from other employer(s), the tax deducted at source there from and such other particulars as may be prescribed, in Form NO. 12B. In the first case, the employer, so choose, shall take into account these details while making deduction of tax at source.
Other situation is when an individual is working under more than one employer or has changed from one employer to another,
- It provided for deduction of tax at source by such employer (as the assessee may choose) from the aggregate salary of the employee who is or has been in receipt of salary from more than one employer.
The assessee may furnish to the person responsible for making the payment as referred above the following information
(a) The details of the income under the head salaried due or received by him from the other employer or subsequent employer as referred above
(b) The detail of any tax deducted at source from such income in Form No. 12B.
No employer can deny his liability to give TDS Certificate on the aggregate Salary of former / other employer as referred in case below.
Where an assessee has more than one employer, the liability of the employer who is expected to deduct TDS in terms of section 192(1) read with section 192(2) would get triggered after the employee furnished such employer the details of the income due or received by him from other employer [CIT v. Marubeni India (P) Ltd. (2007) 165 Taxman 467 (Del)]
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{ 8 comments… read them below or add one }
Please send me more detail about the indirect tax & direct tax with new notification because i am doing the work in account sector
please send me for the tax imp. notes
please send me for the tax imp. notes,
Please send me more detail about the indirect tax & direct tax with new notification because i am doing the work in account sector
Please send me more detail about the indirect tax & direct tax with new notification because i am doing the work in account sector.
dear sir,,
please send me tds calculators 2009-2010
Please send me details of TDS return of Salaries on emplyess
Sir,
I have employed more than one employer in this assessment yr, and my present employer are advised to pay my tax directly to the central govt. account and have given TAN number of present employer.
Now i got my drawn statement from both the employer, then how i deposit my Income Tax?, who will be responsible for giving FORM 16 to me? can i calculate IT and pay through TDS Challan in the SBI?
sir, kindly clarify the above doubt and send soon a SMS.
Dear Sir/Madam,
please sent me TDS slab on salary for year 2010-2011