Posted on: December 3, 2013 Author: Sudhir Kaushik
Every professional today seeks better opportunities that would help him/her chart a great career graph. At times employees change jobs in the middle of the financial year. This leads to the discrepancy in tax calculations vis-a vis the net income of the employee. It is thus very critical to disclose your income earned from the past employers to the new ones. The new employer takes into account the income and deductions claimed by an individual as well as the TDS deducted in his/her previous job. This ensures that the current employer can calculate the correct amount of net income and tax of the employee for the entire financial year.
Here is a checklist that ensures that you save a little extra with efficient tax planning as well as be a smart and informed taxpayer:
Sudhir Kaushik has been a practicing tax consultant for the last 17 years. He is a Fellow Chartered Accountant and conducts seminars in large companies to help salaried employees with income tax and investment queries. Sudhir brings domain knowledge of income tax laws and their compliance difficulties faced by individuals. He is the author of Income Tax Handbook For Salaried Employees for smart financial planning and investments for salaried people. He enjoys an excellent reputation and has a strong network in the corporate sector and public sector undertakings.
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