Regarding salary return

This query is : Resolved

Srihari (Querist)
Follow

23 July 2014 If X is the employee working in two mnc for the previous i,e. 9months in A and 3 in another company.in return the total salary received which amount is should be taken into consideration, both r single

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

23 July 2014 Both should be taken.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

23 July 2014 you need to take for full 12 months and of both employer.

Srihari

Srihari (Querist)
Follow

23 July 2014 Then for the second employor treats that 3 months is below tax limit for that he fails to deduct the tds then what we do

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

23 July 2014 You have to furnish the previous salary drawn details to the current employer. The current employer taking in account previous salary calculate the tax and make TDS for the current salary.

Srihari

Srihari (Querist)
Follow

23 July 2014 But my client is unwill to disclose the 2nd company income is there any problem

Srihari

Srihari (Querist)
Follow

23 July 2014 But my client is wish to not to disclose the 2nd company income is there any problem

Chinay Solanki

Chinay Solanki (Expert)
Follow

23 July 2014 If u dont disclose the first income to the second company , it may be poasible that they will take slab of basic exemption limit again. So u will have to pay more tax in the end as the tds deducted will be less...

Chinay Solanki

Chinay Solanki (Expert)
Follow