Answer

1. F

   Facts

   Form 12B lets you tell the new employer your earlier salary and TDS for the year, so it deducts tax on the combined amount. If you skip it, TDS will be short and you pay the balance yourself.

2. P

   Provisions and law

   • Sec 192(2), Income-tax Act 1961 (now Sec 392)An employee who worked for more than one employer in the year can give details of earlier salary and TDS to the new employer, which then deducts tax on the total.
3. A

   Analysis

   Not giving Form 12B is not an offence, but it shifts the tax to the end of the year with interest under Sec 234B and 234C. For the rest of this year, you can still give details so that TDS in the remaining months rises. Next time you switch, give Form 12B in the first month.

4. C

   Conclusion

   1. 1Fill Form 12B with salary and TDS from the earlier employer.
   2. 2Give it to the new employer's payroll team.
   3. 3Check that TDS in later payslips goes up.
   4. 4Plan to pay any remaining shortfall before filing.

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