Find
Each employer deducted TDS as if its salary was your only income. So both gave you the benefit of lower slabs and the standard deduction, and together they deducted less than the tax on your total salary.
ITR
Tax payable after a job switch with two Form 16s
Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.
Provisions
Sec 192, Income-tax Act 1961 (now Sec 392); Sec 16, Income-tax Act 1961 (now Sec 19); Sec 192(2), Income-tax Act 1961 (now Sec 392)
Analysis
Say employer A paid ₹7,00,000 for April to September and employer B paid ₹8,00,000 for October to March. Under the new regime each might deduct little, because each amount alone gets the rebate or low slabs. Your actual taxable salary is ₹15,00,000 less ₹75,000 standard deduction, giving tax of ₹93,750 plus cess. The gap is real tax you pay as self-assessment tax before filing.
Close
- Add gross salary from both Form 16s.
- Claim standard deduction only once.
- Compute tax on the total.
- Subtract TDS from both employers.
- Pay the balance with interest before filing.
Connect now
A Savvy replies in minutes.
Fixed price before you pay. Your Savvy is paid only after you accept the work.
General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.