Hi,
I have not been paid any salary by my employer from March 2011.
1) Company deducted advance tax from the salary of month January and Feb 2011. But did not file TDS and also didnot issue form 16.
2)Company did not pay me salary for current financial year also from April 2011 to Feb 2012.
3) Now I want to join a new company in the month of March 2012. and the New company is asking for form 16 or copy of TDS certificate from last company.
4)If I am not unable to produce Form 16 for the period April 2011 to Feb 2012. Then at what %age the Tax should be deducted from the new salary for the month of March 2012.
5) If there have been no earnings till Feb2012 then should the income from new company be considered as the only income. In that case my salary for 01 month is below the taxable limit of 1.9lacs.
6)How can I tackle the issue of filing tax return for the current and last financial year. Am I liable to pay tax for the period April2011-Feb 2012 for which I have not received any salary.
Thanks for your response in advance.