Switching Jobs? Don’t File Your ITR Without Completing These 6 Must-Do Tasks To Stay Ahead of Tax Trouble

Changing jobs is an exciting milestone, but it also brings along its own set of challenges - especially when it comes to tax filing. If you've switched jobs during the financial year, failing to address these key tax tasks could lead to unwanted surprises when it's time to file your Income Tax Return (ITR).

When changing jobs during the year, the first thing you should do is ensure that you provide your new employer with all the necessary details of your income and taxes paid at the previous job.

This includes submitting Form 12B, which outlines the details of the salary received from the earlier employer as per Mr Sujit Bangar, Founder Taxbuddy.com. This step is crucial to ensure accurate computation of your total income for the financial year.

Source: https://www.goodreturns.in/personal-finance/investment/switching-jobs-don-t-file-your-itr-without-completing-these-6-tasks-to-stay-ahead-of-tax-trouble-t-1430477.html 

Website: https://www.taxbuddy.com/ 

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