Hello Everbody,
I wanted to know that how we entered the salary income of the employee if he joined our organisation inbetween the financial year. i.e. if any employee join in nov09 & till that he was worked with some other company, then how we take his income of previous employment in Form 16. How we show his Income, PF, TDS & other perks in our form 16? It is compulsory to show or what to do........? pls reply.......urgent
From India, Mumbai
I wanted to know that how we entered the salary income of the employee if he joined our organisation inbetween the financial year. i.e. if any employee join in nov09 & till that he was worked with some other company, then how we take his income of previous employment in Form 16. How we show his Income, PF, TDS & other perks in our form 16? It is compulsory to show or what to do........? pls reply.......urgent
From India, Mumbai
Dear Naamit,
Answer of your last question is NO, it is not compulsory to show. but if you want to add his last earnings for the purpose of TDS so you have to give him form no-12 B at the time of his joining (in case form -16 is not available for last earning proofs) to decelare his last earnings. which is prescribed by the Govt...
Question No -2
Without decelaration of his last income in above said form you can not issue him form no -16 for full financial year (ie 1st April to 31 March). you can issue form -16 from his DOJ to 31 march only.
If he/she furnished all earnings details of previos emploment in form -12 b so that you can assume his decelaration for the purpose of full financial year (ie 1st April to 31 March). But form should be dully attached by his last employer.
At the time of his full n final settelment his last employer will issue him form -16 till his last working month.
I hope it would be help you.
regards
Ravi
From India, Lucknow
3Answer of your last question is NO, it is not compulsory to show. but if you want to add his last earnings for the purpose of TDS so you have to give him form no-12 B at the time of his joining (in case form -16 is not available for last earning proofs) to decelare his last earnings. which is prescribed by the Govt...
Question No -2
Without decelaration of his last income in above said form you can not issue him form no -16 for full financial year (ie 1st April to 31 March). you can issue form -16 from his DOJ to 31 march only.
If he/she furnished all earnings details of previos emploment in form -12 b so that you can assume his decelaration for the purpose of full financial year (ie 1st April to 31 March). But form should be dully attached by his last employer.
At the time of his full n final settelment his last employer will issue him form -16 till his last working month.
I hope it would be help you.
regards
Ravi
From India, Lucknow
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