Tds on salary

453 views 6 replies

S ELAVARASI

ACCOUNTANT

2975 Points Posted on 07 May 2019

Dear Sir / Madam,

One of the new joined employee earned salary Rs. 3 lakh for six months & he is under TDS limit. But, Can't give his previous employment details. Bcoz, The previous employer not give any details to him for the reason of not give releving & notice periods...

What can I do now...?

Replies (6)

CA. Umesh kumar

ca.umesh11@gmail.com

1465 Points Posted on 07 May 2019

when he joined in new company ? slaray received from previous employer is to be taken into account when employee joins in yr company during the year. FY 2019-20. suppose he joins in as on 1.6.2019 then salary received and tax deducted on this salary from 1.4.19 to 31.5.19 is to be obtained by new employer and taken into account and tds deducted in new company accordingly. if employee not able to provide then you may ignore salary and tds from previous employer

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 07 May 2019

Yes... I agreed to Mr CA Umesh Kumar.,

If the employee can't provide previous employment details then You can deduct TDS as per Your payments...

Giridhar S Karandikar

Team Lead

7558 Points Posted on 07 May 2019

new company is not liable to check if incoming employee has provided the income details of his previous employment.
if available then current employer need to consider it and deduct tax .if unavailable then no need to deduct tax

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 07 May 2019

No...
If Salary exceeding the the limit then new employer also liable to deduct TDS...

CA Sunil

Internal Auditor

204 Points Posted on 08 May 2019

It is not obligatory for the new employer to obtain Income and TDS details provided Form 12B is obtained where the employee has not declared any income from previous employer.

However, If he has declared income from previous employer and if combined it exceeds BEL, then it is obligatory for the new employer to factor previous employer income and TDS deducted for the current FY income and tax liability.