Income tax calculation when you move to a new organization?



Hi, I was not able to present the investment proofs in my previous organization when I quit (in Dec last year) and so in the final settlement they deducted lot of tax. How can I claim it back now ? In the new organization, I can only get the benefit on the investments made under 80C/CCC but not on HRA paid during the stay in my previous company.

Income tax calculation when you move to a new organization?
Rate these answers

2 Replies to “Income tax calculation when you move to a new organization?”

  1. Your F.Y.is going on for both the employers.So you can get your salary certificate along with savings and TDS from your previous employer from April’08 to Dec’08 and deposit the same to your present employer.Your Form-16 for the F.Y.2008-09 will be issued by the present employer giving clubbing of both side earnings and TDS and if there is a higher TDS you can get it refund from the IT deptt.by filling A.return.
    http://www.indiastudychannel.com/resources/49863-Details-Income-Tax-Rates-for-F-Y.aspx






Leave a Reply

Your email address will not be published. Required fields are marked *