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When must admin collects Form 12B from employee in greytHR?

Palak Mashiwal . Aug 01, 2023

A:

Form 12B is an important document used to disclose the income earned from previous employers during a financial year. This information becomes necessary when an individual switches jobs within the same year and has to report earnings from multiple employers to either their new employer or the Income Tax Department.  As per Rule 26A, the employer is responsible for obtaining Form 12B from an employee who joins their organization or corporation midway of the year.

Aug 01, 2023

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