You are supposed to consolidate and work out the tax for the entire year. BUT You are supposed to issue a Form 16 only for your company. The Form 16 is a certificate of tax deducted by the employer ... you have no right to certify on behalf of another company.Your Form 16 will only show tax paid for the period that the employee was with you.
The employee will be required to consolidate his 2 form 16 ( one from the previous company and one from your company) while filing his return Cyrus On Jun 18, 3:08 am, 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. --~--~---------~--~----~------------~-------~--~----~ 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 -~----------~----~----~----~------~----~------~--~---
