Tax Payable - Switched Jobs in same Financial Year

[Jalaj Kala]

Hi,

Could you please help out with below query:

I switched jobs in the end of February 2014. For the payroll generated in the month of March 2014, the new organization did not deduct any TDS as they did not take into account the previous companies Salary details into account. Now when I am calculating the Tax payable through utilizing the tool provided by efiling India, I am not sure how to take into account the payouts made.

Do we need to add up the Gross from both the Form 16's generated by each company and then put in the tool and do the same for the deductions under 80C too, for a final picture. Please confirm if this method is correct or assist with the correct calculation.

Company A:

Income under head 'Salaries' - 5,58,037

Deductions (Only 80C) - 25,952

TDS - 38,878

Company B:

Income under head 'Salaries' - 89,868

Deductions (Only 80C) - 3,353

TDS - 0

AI Summary

Individual Faces Tax Issue Due to Job Switch; Queries on Combining Form 16s for Accurate Tax Calculation An individual switched jobs in February 2014 and faced an issue with tax deductions. The new employer did not deduct TDS for March 2014 as they did not consider the previous salary details. The individual is unsure how to calculate the total tax payable using the e-filing tool and inquires whether to combine the gross income and deductions from both Form 16s for accurate computation. Company A reported a salary of 5,58,037 with deductions of 25,952 and TDS of 38,878, while Company B reported a salary of 89,868 with deductions of 3,353 and no TDS. A respondent suggested contacting them for assistance.