Income tax on income from previous Employer.

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Nilesh (Querist)
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08 July 2009 Hi,

I joined my current employer on 15th April 2009. I got Form 16 from the current employer. Also, current employer has deducted the applicable income tax for the period 15 April 08 to 31 March 09. I also received Form 16 from previous employer. My previous employer has not deducted on my income.

The Form 16 details are as under:

Current Employer(15 April 08 to 31 March 09):
Total Income: 453980
Total TDS: 47170

Previous Employer(1 April 08 to 15 April 08):
Total Income: 12500

[a] How much tax I need to pay now?
[b] While filing the IT Return form, under which section should I claim the income from my previous employer? should I claim it as my other income or directly add to my total income ?
[c] Which challan should I used to pay above tax?
CHALLAN NO./ITNS 280 or CHALLAN NO./ITNS
281

I am refering to IT challan numbers mentioned at:
1. Go to https://onlineservices.tin.nsdl.com/etaxnew/Index.html
2. Click 'Please click here' link.

Thanks in advance,
Nilesh

chetan soni

chetan soni (Expert)
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08 July 2009 If you are talking about taxable income, then computation will be like this

Salary from empl-1 453980
+ slary from empl-2 12500

Total salary 466480.00

tax on this 48296.00
+education cess @ 3% 1449.00

so total tax will be 49745.00
TDS already done 47170.00

so balance tax payable 2575.00

Use challan no. 280 for payment of taxes and mention a.y. 2009-2010.

Nilesh

Nilesh (Querist)
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08 July 2009 Thanks Chetan,

One last question, I should pay that tax under which section ?

Type Of Payment*
(100)ADVANCE TAX
(102)SURTAX
(106)TAX ON DISTRIBUTED PROFITS
(107)TAX ON DISTRIBUTED INCOME
(300)SELF ASSESSMENT TAX
(400)TAX ON REGULAR ASSESSMENT