Calculating tax liability for employee in two companies

This query is : Resolved

vivek (Querist)
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30 July 2012 Sir
My Query Is that
How to Calculate the
Total Tax liability for a
Employee ,If he is working
under two companies/Firms.

If X company is Calculating tax liability 5000 for the Employee.
Then how will the Second Company say Y will include this Amount for Calculating his
Aggregate Tax liability.

Amol S Joglekar

Amol S Joglekar (Expert)
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30 July 2012 You need to take the declaration from the employee. Otherwise TDS per se does not impose any responsibility on 2nd employer.

vivek

vivek (Querist)
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30 July 2012 Yes employee given the Declaration.
I just Want to know that While Preparing for Form16.
Will the TDS deducted by first company..
will be included in the Tax Calculation for the Second Company.
If yes , then How?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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30 July 2012 Income from other employer shall be included under Any Other Income declared by the employee.

TDS will be included in TDS schedule.
TDS schedule will be in 2 parts:

1. TDS of current employer
2. TDS of previous employer

The current employer will certify only TDS deducted by him.