Form 12B is required when an employee joins in a new organization. An employee needs to submit this form to the new employer as per rule 26A. Based on the information furnished in form 12b new employer will calculate tax deduction of the employee for that particular financial year. But submitting form 12B is not mandatory. Here you can know complete details on how to fill form 12B and you can also find sample filled form 12B.
How To Fill Form 12B Or Sample Filled Form 12B
Form 12b consists three pages. Here employee needs to write details like name of the previous employer, TAN number of the previous employer, employee name and his PAN number, house rent allowances, provident fund details and income tax deductions under sections 80C, 80G, 80D, 80E and Section 24.
Sample Filled Form 12B
As we discussed earlier submission of form 12B is not mandatory. But it is a good practice when an individual submits form 12B when he changes his or her job in the middle of the year, it makes easy to your new employer to assess your income tax deduction for that particular financial year. So finally it is the complete responsibility of the employee to submit form 12 B to the new employer. Employees can find their deducted income tax details in form 16 which they will get it from their employer.
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