Two salary certificates in financial year 2011-2012

Dear Sanjay, if a person changes jobs within the Financial year, then each time he changes his jobs he has to report to the current co, the income details of his previous companies, so that if any TDS is requried to be made the current co will deduct the same.  Tax is requried to be paid on the combined income received from all the comapnies during the F.Y.

In your case the person has changed his job & by adding the income of the previous co he is liable to pay tax, so he will be required to pay the same.  If he does not pays his tax then his case might come up for scrutiny after some years & at that time he will be requried to pay tax, so its better if he pays the addl tax now & get releived from the future possibilities.

Agreed with MR Giridhar, compute tax liablity for income earned from both the companies, Pay taxes, file returns, to avoid any future obligations.

It was the liability of the person to inform the new employer about his earnings and TDS deducted to the new Company. And, if not informed, he has to pay the tax himself because TDS deducted will be short.

Whoever has advised to file income from only one company, the person is an idiot. Please, do not do it. Combine income of both the companies and pay the balance tax.

I agree with the discussion above

Hi Sanjay,

It is your bounded obligation to declare the salary income of previous employer while joining new company. In your case, U have not declared the same and hence U are liable to pay the tax on salary income of both the companies.

Repercussions: Income Tax Dept is alway open and welcome U by way of notices - scrutiny assessment in future.

Advise: Take Form 16 of the Both companies and compute the taxable income. Pay Tax accodingly (Sure that you will have to pay IT if U club togheter) and have a peace of mind and good sleep.