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 for the past 13 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.