Two jobs, two Form 16s
Sample: Ishaan, 30, moved from one employer to another in October 2026 in Chennai.
Both Form 16s say nil, yet ₹1,20,900 is due
Each employer gave the ₹75,000 deduction and the ₹12 lakh rebate. Together, neither applies twice.
ITR-1New regimeFY 2026-27
Employer A, April to September
| Gross salary | ₹7,50,000 |
| TDS (Form 130) | ₹0 |
Employer B, October to March
| Gross salary | ₹9,00,000 |
| TDS (Form 130) | ₹0 |
One return for the year
| Total salary | ₹16,50,000 |
| Standard deduction, once | (₹75,000) |
| Total income | ₹15,75,000 |
| Tax at slab rates | ₹1,16,250 |
| Rebate (income above ₹12 lakh) | ₹0 |
| Cess 4% | ₹4,650 |
| Tax for the year | ₹1,20,900 |
| TDS by both employers | ₹0 |
Tax to pay₹1,20,900