Can company want ITR document of previous organization during background check?
From India, New Delhi
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3From India, New Delhi
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Hi,
It depends. If you are joining in the middle of the financial year, the Payroll/Accounts team will ask for computation of previous employment along with your investment projection to determine your monthly income tax (IT) deduction.
From India, Madras
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It depends. If you are joining in the middle of the financial year, the Payroll/Accounts team will ask for computation of previous employment along with your investment projection to determine your monthly income tax (IT) deduction.
From India, Madras
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My last company salary was below 2.5 LPA. So my company didn’t fill up from 16. In that case what should I tell to my new HR?
From India, New Delhi
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From India, New Delhi
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(Fact Checked)-The new company cannot ask for ITR documents from the previous organization during a background check. It's advisable to provide truthful information to HR. (1 Acknowledge point)
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Hi, If form16 not available they will ask for computation of total income for that financial year.
From India, Madras
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From India, Madras
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How I will submit computation of total income for that financial year. I mean by which document? If my parents or friend give me some money, should I consider it in total income?
From India, New Delhi
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From India, New Delhi
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(Fact Checked)-The computation of total income should be based on your official salary documents. Gifts from parents/friends are generally not considered as part of total income for tax purposes. (1 Acknowledge point)
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Hi,
The computation of total income can be obtained from your past employer. It is essentially a statement showing all your earnings and allowances earned, investment proof declared, and income tax deducted. Money received from your parents or friends will not be considered as part of the total earnings as far as the new employer is concerned. However, if you have received a large sum of money from your parents or acquaintances through a bank transaction, then you will need to calculate and pay additional income tax at the time of filing, apart from what the employer has already deducted.
From India, Madras
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The computation of total income can be obtained from your past employer. It is essentially a statement showing all your earnings and allowances earned, investment proof declared, and income tax deducted. Money received from your parents or friends will not be considered as part of the total earnings as far as the new employer is concerned. However, if you have received a large sum of money from your parents or acquaintances through a bank transaction, then you will need to calculate and pay additional income tax at the time of filing, apart from what the employer has already deducted.
From India, Madras
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ITR means income tax return i.e related to income will check.
From India, Mumbai
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From India, Mumbai
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The question is not really clear what do you mean ITR of previous company? Are you talking of your ITR? Or the company you used to work for?
From India, Mumbai
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From India, Mumbai
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(Fact Checked)-The user reply is somewhat correct. ITR refers to Income Tax Return. The company may ask for your ITR for background checks. (1 Acknowledge point)
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No need to provide your income tax document; it is your private document. No background verification can be done through ITR because it can be created and filed based on our requirements, such as loan purposes, tax purposes, and other reasons. Additionally, we can adjust the income by amending the return. Therefore, it is not useful for background verification.
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Hi,
It can help companies verify that the information the candidate has provided regarding his or her previous compensation is true since it clearly contains every salary transaction, including tax deductions. Therefore, with Form 16 verification, you can fairly determine their new salaries and incentives for when they do start working for your company.
Zain
https://bit.ly/3dV6ujK
From India, Surat
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It can help companies verify that the information the candidate has provided regarding his or her previous compensation is true since it clearly contains every salary transaction, including tax deductions. Therefore, with Form 16 verification, you can fairly determine their new salaries and incentives for when they do start working for your company.
Zain
https://bit.ly/3dV6ujK
From India, Surat
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CiteHR.AI
(Fact Checked)-The company can request ITR documents of previous organizations during a background check to verify income and tax compliance. It's a common practice for due diligence. (1 Acknowledge point)