Regarding salary return
This query is : Resolved
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
23 July 2014
Both should be taken.
23 July 2014
you need to take for full 12 months and of both employer.
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
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.
23 July 2014
But my client is unwill to disclose the 2nd company income is there any problem
23 July 2014
But my client is wish to not to disclose the 2nd company income is there any problem
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...
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...
24 July 2014
If he doesnt disclose the income any penalty will be levied
24 July 2014
No problem pay the tax and file the return including both the salary.
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