Tax planning
Return after a job switch with two or more Form 16s
What this means, checked by a CA
When you switch jobs, each employer works out tax as if its salary was your only income, so you often owe tax at filing. We combine both Form 16s, allow the standard deduction once, pick the cheaper regime for the whole year, and file with any balance tax paid.
₹1,499
a year, + 18% GST
- Delivered in 1 to 2 working days after both Form 16s
- Due: AY 2026-27: due 31 July 2026 (passed). Belated return up to 31 December 2026; revised up to 31 March 2027.
How we do it: IDFD
Every case runs through the same four steps: Information, Discussion, Forms, Deliverables. You see each one ticked as it happens.
InformationWhat we need from you · 7 items
Form 16 (now Form 130) from each employer
Salary and TDS per employer
Full and final settlement statementOptional
Leave encashment, bonus, notice pay
Form 12B copy, if givenOptional
What the new employer knew
Form 26AS and AIS
TDS of both TANs
Investment and rent proofsOptional
Old regime deductions
PF statement for transfer or withdrawalOptional
Taxability check
Salary arrears detailsOptional
Sec 89 relief
DiscussionWhat we discuss · 6 items
Dates of leaving and joining, and any gap?
Months of salary per employer
Did you give Form 12B to the new employer?
Explains the TDS shortfall
Which regime suits the full year's salary and deductions?
One regime for the year
Did you withdraw or transfer PF?
Withdrawal may be taxable
Any leave encashment, bonus, notice pay recovery or arrears in final settlement?
Changes taxable salary
Any other income such as interest or capital gains?
Decides ITR-1 or ITR-2
FormsForms we file · 5 items
Combine salary from Part B of each Form 16 and TDS from Part A; match TDS with 26AS
Total gross salary less one standard deduction
Where: Internal. Due: Before filing
Compute tax in both regimes on combined income and pick the lower
Example: salaries ₹7,50,000 and ₹6,00,000 = ₹13,50,000 less ₹75,000 = ₹12,75,000; new regime tax ₹71,250 plus cess ₹2,850 = ₹74,100 against nil TDS
Where: Internal. Due: Before filing
File Form 10E (now Form 39) if claiming arrears relief
Where: https://www.incometax.gov.in. Due: Before the return
Pay balance as self-assessment tax with Sec 234A, 234B and 234C interest
Where: https://www.incometax.gov.in (e-Pay Tax). Due: Before submitting
File ITR-1 or ITR-2 listing each employer, and e-verify
Where: https://www.incometax.gov.in. Due: Belated by 31 December 2026 for AY 2026-27; verify within 30 days
DeliverablesWhat you get · 4 items
Combined salary and tax working
When: With filing
Self-assessment tax challan
When: Before filing
ITR acknowledgement
When: Same day
Tip for next switch: give Form 12B (now Form 122) on joining
When: With filing
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