form 12 B

Form 12B is required to be furnished as per Rule 26A by a person joining any organization in the middle of the year and is a form for furnishing the details of income earned from the previous employer. It is a form required to be submitted by the employee to the employer and requires details like

• Details of your previous employer like his PAN No, TAN No.
• Break up of salary like Basic + DA, Perquisites, House rent allowance, leave encashment, leave travel allowance etc.
• Deduction and accreditation with respect to provident fund and details of rent free accommodation (if any)
• Deduction if any under Section 80C, Section 80G, Section 80E,  Section 80D, Section 24
• TDS on salary deducted by the previous employer.
• Professional tax (if any) paid by the employee.

The details in Form 12B are required to be furnished based on the salary slip and Form 16 issued by your previous employer.

Form12B is required to be furnished even if no TDS was deducted by your previous employer because the salary was less than the basic exemption limit as per Income Tax Slabs.