As per Rule 26A of Income Tax Act, it must to funish Form 12B by a Tax Deductor (Newly Join i.e. Organization, SSI (Small Scale Industry), Trust etc.) while issuing TDS Certificate (Form 16) to Tax Deductee under Section 192(2) of Income Tax Act. The Form 12B is required to submit by the New Employee to the Employer as details under:
- Details of your previous employer i.e.PAN No., TAN Number etc.
- Break up of Salary like Basic Salary + DA, Perquisites, House Rent Allowance etc.
- You are also required to furnish the deduction and accreditation with respect to Provident Fund and details of Rent Free Accommodation (if any)
These details in Form 12B are required to be furnished based on the Salary Slip and the Form 16 issued to you by your previous employer. /Form 12B/ is required to be furnished even if no TDS was deducted by your previous employer because the salary was less than the basic exemption limit as per the Income Tax Slabs. It is quite possible that after combining your current and previous salary, your total salary is chargeable to tax.
Download Form 12B Click Here.
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