Hi.
If employee has furnished form 12B (i.e. Income from previous employer and also the tax deducted by previous employer), current employer is required to consider such income in his total income and calculate the total tax liability. TDS to be deducted is than to be arrived at after reducing tax deducted by previous employer.
However, given the scenario that above is complied with, the question is that how do we report both the factors in Form 16 (being issued by current employer) and how it is required to be presented in Form 16?
Also, the tax deducted can be broken in to 2 parts:
- Tax deducted by previous employer
- Tax deducted by current employer
While there is clear cut format for latter part (month wise details schedule), where the tax deducted by current employer can be reported, the clarity is required on where to show tax deducted by previous employer.
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