Regarding FORM 16

Wher en employee is in employment of more than one employer, tax can be deducted  at source,   in what way it should consider in  form 16

For eg:- An employee is worked in  NAME(ABC) company for six months,than employee is changed the company  name (XYZ)  for next six months  than how to calculate  FORM 16 in an financial year . I mean that tds is considered in both the companies for a particular fianancial year , when tds is deducted by both the companies or not deducted by certain (ABC) company, than what should i do ?  .

 

Replies (3)

Alternatively,

Assuming that , he did not inform the previous employment and issue Form 16, by reporing the salary earned in your company only. However, you may deduct some additional tax liability to cover the short fall in tax liability, when he combined both the salary for filing his return.

Advice the employee, to permit for more deduction of tax from the salary from second employer to cover the shortfall of tax. Otherwise, he will be ended up with payment of interest of around 7.7% of the shortfall in tax, at the time of submitting his return in the month of  July 2010. 

 

 

In such cases you can ask your Old employeer to issue provisional F16 which includes your all details of salary & TDS. Such F16 shall be submitted to new employer so he will accordingly calculate TDS.

It is normal thing in Big Companies. HRMS & SAP are rady calculators for such things.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details