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Home Education Tax commandments: #5 Don't ignore income from former employer

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Tax commandments: #5 Don't ignore income from former employer

Tax commandments: #5 Don't ignore income from former employer

Monday, July 3, 2017, 12:40 PM

Some people think they can get away with a lower-tax if they don't mention the income from the previous-employer in their return. This is a misconception. If some tax has been deducted on the income from the first employer, it will be reflected in Form-26AS. If the person doesn't report that income, the discrepancy will get picked up and he will get a tax-notice.
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