Hi,
if an employee worksfrom April 2010 to November 2010 in Organization A where income tax is deducted every month and submitted to govt. Now the employee leaves the Organization A and joins Organization B from Dec 2010 and still continues to work in Organization B.
The employee finds out that he has paid excess income tax(approx 20000 INR) in the period April - Nov 2010. The Employee has the Provisional Form 16 from the Organization A.
Can the employee ask his Current Organization B to adjust the exess tax he has already paid to the governemt by furnishing the provisional form 16.
is there any way out to adjust the exess tax deducted at source with his current organization B ? if yes, what are the documents which he should submit to the Organization.
if the exess tax paid by the employee can;t be adjusted what is the easiest and fastest way to get the return of tax?
regards,
snom
CAclubindia
