Suppose an employee leaves one company and joins new company,he has to  submit this form to new company

It contains details of income earned and tax deducted by old company

If we fails to submit this form,then new company will not deduct previous employer income while deducting TDS

Form 12B to be Submitted on New Joining - Payroll Processing Procedure

 

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CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .