Working As A Consultant From Home. Will This Be My Salary Income

Dear All,
I have been working in a recruitment firm from dec 07 to march 08,then from april 08 , i have started working from home for them. I have been achieving the targets and getting 50000 per month as a consultant. Now from nov. 08 i have joined a company and geeting 75 thousand as salary. Do i need to show my previous income as salary income to this company or shoud i say that it was a consultant fees and i 'll later on calculate and directly submitt my tax.
URGENT
Please Guide

ARE YOU SURE THE FIGURES QUOTED BY YOU ARE CORRECT......:-D
IF THIS IS RETURN ON NO INVESTMENT PROTFOLIO BUSINESS ITS WONDERFUL BUSINESS..............:confused:
THIS IS ONE AND ONLY BUSINESS WHERE YOU CAN MAKE SO MUCH MONEY WITHOUT EXPEREINCE OR QUALIFICATION AND INVESTMENT...:huh:
EXCELLENT..
BADLU

Dear Badlu,
I have a good qalification as MBA HR.
I was earlier working with a good company as a generalist HR Profile. and then had to take break because i had delivered a child. and now from november working with a MNC as HR mANAGER. KINDLY Help me in clearing my dioubts my figures are absulutly correct.

Ask Your Present Company To Deduct Tds..
Your Past Earning Are Recorded As Payment Against Services Trough Your Bank Account Etc Then Its Recorded As Your Earning For Which You Have To Explain The Amount Exceeding Income Tax Operated By Particular Bank Account.
Its Depends, On How Payments Were Made On Record Or On Vouchers And Whether Your Pan Number Was Used For Payment Etc.
Badlu

dear
its ok ,as you are earlier getting 50 k per month was not your salary and for that earleir firm will not issue you form 16 also.if it is professsional fee than they might have deducted your TDS ,if not ,you do one thing thaty show it as professional fee and deposit tax as your own.however consult CA in this regard will be better.
tks
j s malik

Thanks a ton,
that means i should say that my present company should deduct the TDS from the salary of this present company only. & om my previous earnings..this is my duty to pay tax fr
Thanks for replying.

one more query i have, we are a subsidiary of a foriengn mnc. and we have only 6 employees on board. we are three months old company and we have paid the first salary check on 1st of januray and deducted the PF from It. but we have not applied to PF yet. we'll be applying soon. so can we submitt this amount in the account then.

Presently as you have only 6 employees, you need not require to deduct PF from salary. You can get the registration done and then you can deduct PF. Provided the number of employees does not exceed 10 if your establishment is a "factory" and 20 in any other case.
Thanks,
Prashant

dear
the reqd stregth is 20 irrespective of factory or establisment in case of PF ,however
you can take voluntary code of PF and deposit the same .
tks
js malik:icon1:

Hi,
Could you please send me your personal mail id? Would like to discuss with you.
Regrads,
Aparna Sethi