:idea:Dear All,
We are approaching the End of the Assessment Year wherein we all need to file our tax returns.
Providing you Documents which you may furnish on Account of Investment Proof to Claim Tax Rebates.
Form 12B
Income from previous employer
Declaration on Form 12B.
And
Form 16 issued by previous employer or signed/sealed tax computation sheet from the previous employer
1. Gross income from previous employer after deduction u/s 10. i.e. income after leave encashment, conv., etc i.e. salary income shown against point no 3 in Form 16
2. PF deducted by previous employer.
3. Professional tax deducted by previous employer.
4. Income tax deducted by previous employer.
Any employee who has worked with more than one employer in any financial year may submit details of earnings from previous employer in Form 12 B. The current employer shall compute tax on total income of the employee after considering following details of income from previous employer
1. Gross income form previous employer after deduction u/s 10. i.e. income after leave encashment, conv., etc i.e. salary income shown against point no 3 in Form 16
2. PF deducted by previous employer.
3. Professional tax deducted by previous employer.
4. Income tax deducted by previous employer.
However, while generating Form 16 for the year, income from previous employer shall be ignored for the purpose of calculating taxable income, tax payable thereon and tax deducted. The details of income from previous employer shall be shown as footnote only.
You may download the Attachement for Complete details and clarification
Best Regards,
Vasudev
Location Head (HR)- Karnataka Circle
Reliance HR Services Pvt Ltd,
RCOM HOUSE
Ground Floor, B- Wing,
T.Dasarahalli,8th Mile
Bangalore-57.
Tel : +918030332593
Mob : +919379195009