Tax not deducted from employer
Hi, I changed my job on April 7th 2014. My previous employer has settled the April months salary without deducting tax. Can someone please tell me why they have not deducted tax. And are they suppose to give me form 16 for this. Should I pay tax for this, if yes then when and how should I pay tax for this income.
Replies (3)
Since the salary for apr is well within the limits of exemption, the employer would not have deducted tax. No need of form 16 from them for Apr salary, but required for previous year. All you need to do is declare this salary income (for apr) in form 12B to your current (new) employer. New employer would include this income to calculate tds in future period.
Thanks a lot for your reply Poornima.
I have one more query here. Since last day to submit investment proof is already over for 2014-15 fy. Is there a way I can correct this now. May be while submitting ITR?
Yeah, u can do that when you file ITR, If tax paid is less, u need to pay tax, if excess paid you'll get refund
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