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Incorrect TDS: Report previous income to new employer

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Ria

Student

45 Points Posted on 17 April 2023

Hello

I switched jobs last year before 31st March. My previous employer used to deduct TDS and the new one will also.

Do I have to report my previous income to the new employer as I am skeptical he might have deducted extra TDS and the computation would have been wrong.

I read somewhere that incorrect TDS computation can force me to pay extra due to the interest while filing my ITR.

Any clarification about this please.

Replies (3)

Quick Summary

If you've changed jobs mid-year and are concerned about incorrect TDS deductions, it's wise to inform your new employer about your previous income. While not strictly mandatory, this helps ensure accurate TDS computation. Any over-deducted TDS will be refunded when you file your Income Tax Return (ITR), and you can verify all deductions through your Form 26AS.

sabyasachi mukherjee

Profession

19978 Points Posted on 17 April 2023

No need to report to previous employer.

NARENDRA

ACCOUNTS MANAGER

1041 Points Posted on 17 April 2023

Nothing wrong with giving information about your previous income to your new employer but If you left your job before 31st march then why did the new employer deduct tds ?? You will have to show your income as well as tds while filling your itr, by chance if extra tds has been deducted, it will be refunded in your account. Nice using the word skeptical .....