TDS And Tax Returns After Switching Company - CiteHR
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Hi
I have a query regarding TDS and tax returns.
I switched my company recently. I left my last company in jan 15 and joined new company in feb. And my tax for 2014-15 is not deducted in my last company also and in new company also.
And for tax return submission i don't have form 16 of previous company. So how should i go about this. Please let me know.

Hi,
If your income(including both the employer) is less than the tax bracket, then no need to file IT returns.
Still you can demand for Form 16 from your previous employer. There will be two parts in Form 16, Part A will be issues by Income tax Dept and Part B will be issues by employer.
In your case, since they have not deducted any tax, there will not be any Part A.

Thanks for the reply. My income is more than tax exemption bracket. And I have saved the part B of form 16 while leaving the last organisation. Will it contain my income details till the last month? or I need to get part B of Form 16 again?
And after getting form 16's from my both employers I have to file tax returns and send tax right?

You can also view your tax credit from 26AS also. But since you said that it was not deducted, you have to make an income statement and workout the Tax Payable and pay the tax and file the return. You can take the help of any CA for this.
Hi,
If you have got the Part B already, then it will contain all the salary details(check the dates mentioned on top of the form 16, it will have from and to date), you can add up the salary from both the employers and calculate the tax liability, then pay the tax and do your IT returns.

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