DIRECTORATE OF INCOME TAX
Ground Floor, 5-2, Jhandewalan Extension,
New Delhi - 110
Securities Depository Ltd
Trade World, 4th Floor,
Mills Compound, Senapati Bapat Marg
- 400 013.
Sub: Filing of e-TDS
returns - Clarifications regarding Form-24.
Representations have been
received from various banks, Chamber of Commerce etc., seeking
clarifications in respect of e-TDS returns (Form 24) for TDS
from Salaries where an employee had more than one employer/was
posted at more than one employer/was posted at more than one
place in a financial year.
Section 192(2) of Income Tax
Act, 1961 allows an employee who had had more than one employer
in financial year to furnish details of his salaries and TDS
from the first employer in form NO.12 B to the second employer
for the purpose of deduction of correct tax at source by the
second employer. The relevant provisions required that in such a
case, the second employer may deduct tax at source at a lower
rate and enclose a copy of form 12 B with his TDS
At present, in the TDS
return for salary i.e. Form No.24, there is no column for
furnishing of particulars of salary received/tax deducted by the
previous employer. Previously, the deductors used to furnish
these details as a footnote in the TDS return. However, this can
not be done in electronic TDS return as data structure does not
support provision of any footnote.
The matter was referred to
the CBDT. The CBDT has clarified that such problems can be
resolved as under:-
a. In cases of employees
with more than one employer in a financial year, the deductor
need to disclose only the salary paid and TDS made by him in the
TDS return Form 24 being filed by him. In case this amounts to
deduction at a lower rate, then he can mention the words "12B'
in the Remarks column of form 24; and
Enclose a copy of paper Form 12B along with paper control chart
in Form 27A, which the deductor is required to file along with
his e-TDS return.
- This is for
(S. S. Khan)