Hi Kiru, How r you?
Let him get form 16 from his previous employer separately. You can also issue separate form 16 reflecting the TDS made by you. If his salary income for the coming three months is not expected to cross Rs 150000 ( or Rs 180000 if woman), you need not deduct any tax from source. But if he has furnished his past income and is willing for deduction of tax for the forthcoming period also, you can deduct tax and mention the past salary income in your form 16 as other income furnished by the assessee. It is purely the responsibility of the individual employee to file IT returns after collecting form 16 from the previous employer and the one issued by you. Any Investment made during the tenure can also be taken into account, if not considered in earlier Form 16. If TDS is not deducted on earlier income, deducted same on total income (incl. of both income from current as well as previous owner) Please correct me, if I am wrong. Regards, Kala Pillai On Thu, Jun 18, 2009 at 5:21 PM, Kiran Takke <[email protected]> wrote: > Hey Vinay... > > Even if my employee gives me the form 16 from his previous employer....i > cannot merge the income in my Form 16. > I can use it only for my tax calculation i guess? > > Please advise. > > Thanks & regards > Kiran Takke. > > > On Thu, Jun 18, 2009 at 12:51 PM, vinay keni <[email protected]> wrote: > >> ask ur employee 2 do the need full at the earliest...so that it will be >> helpful for u also >> >> On Thu, Jun 18, 2009 at 12:45 PM, Kiran Takke <[email protected]>wrote: >> >>> Thanks for the instant reply.. >>> >>> But am I supposed to show details about Tax deducted for the previous >>> income....(i mean BSR code, Challan Sr. no. etc.) >>> as would be difficult to get that information in time. >>> >>> Please advise. >>> >>> Thanks & Regards, >>> Kiran Takke. >>> >>> On Thu, Jun 18, 2009 at 12:41 PM, vinay keni <[email protected]>wrote: >>> >>>> if the employee disclose his income with the previous employer obviously >>>> u have 2 include that while issuing the for 16 for current yr >>>> >>>> On Thu, Jun 18, 2009 at 12:38 PM, Kiran Takke <[email protected]>wrote: >>>> >>>>> Hi Friends.. >>>>> >>>>> Could anyone please advise me on below.. >>>>> >>>>> If an employee joining in middle of the year................submitting >>>>> salary proof from his earlier employer.............. >>>>> >>>>> Accordingly we will deduct the tax for the entire year.............as >>>>> per Income tax slab etc. >>>>> >>>>> Does it means we are supposed to issue certificate (Form 16) for entire >>>>> year (income from previous employer + current employer) >>>>> >>>>> & if yes.................. >>>>> >>>>> >>>>> then please provide me the format of the same ....& also let me know >>>>> how the details...how to present it in form 16 annexure. >>>>> >>>>> >>>>> Thanks & Regards, >>>>> Kiran Takke. >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>>> >>>> >>>> >>>> -- >>>> Regards, >>>> Vinay Keni >>>> >>>> >>>> >>> >>> >>> >> >> >> -- >> Regards, >> Vinay Keni >> >> >> > > > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Skorydov MyTaxAssistant Member Group" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/SkorydovMyTaxAssistant?hl=en -~----------~----~----~----~------~----~------~--~---
