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What if i do not disclose my previous organization salary in my current organization

Tax queries 158 views 3 replies

Hi,

In july i changed my job. In my new company i provided the tax saving declaration (80c,80d) again and didn't provide the earned amount from april to july. Due to this tax is getting deducted only considering my current company's salary.

I am thinking to pay the due tax before filling the ITR next year when I'll get the form 16 from both employer. Will there be any penalty or interest if I pay my due tax while filling ITR next year in July.

 

Thanks,

Replies (3)
At the time of filing of return add the salary earned during April to July to income earned from new company recalculate tax and pay difference under self assessment along with INTEREST if any.

So that's my questio, do i need to pay any interest at that time ?

Nominal interest will have to pay.


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