Previous income declaration
This query is : Resolved
20 December 2011
Hello
My current company's HR department is asking me for previous Income proof so as to calculate Tax on Salary from current employer. However I am of gut feeling that I need not to declare my previous Income & the current company can deduct TDS on Salaries as applicable from the current employer.They say that if I do not declare that the TAX from my current salary will be deducted on higher side for smooth year end closing. Please advice.
I need to confirm this ASAP. Request you to please give clarification on this. Also is there any declaration form to be submitted for declaration then which form is this Z& from where can I down load.
My current company's HR department is asking me for previous Income proof so as to calculate Tax on Salary from current employer. However I am of gut feeling that I need not to declare my previous Income & the current company can deduct TDS on Salaries as applicable from the current employer.They say that if I do not declare that the TAX from my current salary will be deducted on higher side for smooth year end closing. Please advice.
I need to confirm this ASAP. Request you to please give clarification on this. Also is there any declaration form to be submitted for declaration then which form is this Z& from where can I down load.
O.D.SHARMA
(Expert)
22 December 2011
why don't you take form 16 from past employer or the TDS from 26As to prove your TDS,There is simple declaration of the same in a paper to be given to present company of total income.The current company HR is right,You must declare the income of C.Y
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