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 include previous employer income while deducting TDS

 

Learn more here

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

 

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant with 16+ years of practical experience and 20+ years of teaching experience. At Teachoo, he simplifies Accounts, Tax and GST with step-by-step examples so students can apply concepts confidently in exams and real life.

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