How to hide Previous employment

Hey guys , I changed job in Oct 2022 , as i am a fresher and didn’t have knowledge - i didn’t check my payslips thoroughly and realizing just now that they didn’t cut tds from Oct - March . What will be the steps i have to do now in my ITR ? Is that illegal from my company ? Will it be a problem for me? Ps - Although they have cut ₹5156 from April 2023 in the name of total income tax , as per the new guidelines.

Got laid off and had to join a shitty company. If I get a job in other company, I don’t plan to mention my present company as my last working job. Is that fine? Would they by any chance track previous employer through pf or tax?

CA here. In case anybody has any query regarding Income-tax return filing, can comment below. Will try to help you out as much as possible.

Hi guys, I joined a crap company just so that I can get some income and not freeload at home and I have been applying for other better jobs. My plan is if within 2-3 months, I get a better job then I will abscond from here and not show this company in my resume. I don't want a relieving/experience letter and I don't want the salary or PF. I just want to abscond as soon as I get the offer. Can the company do something, like legal action, if I abscond?

I joined a company in a business/product role last October, realised it is not at all what i was told in terms of culture and expected work( detailed reason not important to the advice I need). Basic training was going on and i resigned in 13 days. It was an amicable resignation with my hiring manager(great guy btw) and org boss. HR said we will not pay you a salary as to adjust against waiving off of notice period and stuff. I felt at that time it is ok as I did not wanted to serve the notice period(what is the point anyways). I also felt it is not justified to take that salary and wanted to quickly move to next steps. No money hits my bank account from the company as of writing this post. Cut to this year June, I see an information mentioning a salary being paid to me for that October month while going through my TIS and AIS forms on ITR portal. I reached out to the company as to clarify this. I wanted them to provide me with a salary slip and form 16 at least if after all they are saying a salary is paid. They are not providing that saying it is adjusted. I have a few questions here. 1. If a salary(more than 80k) is mentioned in my tax(even it was so called adjusted), I must be provided with a salary slip right? 2. Am I missing something and am I in the wrong here? 3. What should be my next steps, I don’t want that salary but shouldn’t they provide the salary slip and form 16 if it mentions it on my tax documents? I did not wanted them on my employment history hence wanted no such hassle and here we are. Need some inputs from people who understand these things. HRs or any other folks in the know.

As the title suggests, I'm a lawyer and good at what I do. Haven't got anything better to do, so AMA. Very happy to assist startups and young businesses as well!

Hi Peeps, Recently came into Income Tax bracket. I work on contractual basis and only TDS is deducted. Where can I get form 16 from? In my previous organization, the company used to give along with pay slip but in my current one, there is no form 16 attached with payslip. Please help.

Warning: This is a lengthy post. Filed some salaried ITRs during this tax period. Following are some of the common mistakes which can be avoided 1. If you have changed jobs ensure that income from previous job is disclosed to the current employer and TDS gets deducted correctly. One basic check you can do is the TDS deductions made by new employer should not be lesser than monthly deductions done by your previous employer unless you have lower CTC compared to your previous job or have additional deductions. 2. During Feb/March take your bank statement, trading account statement and declare the income from capital gains, dividends and interest to your employer, so TDS can be deducted accordingly. Helps in avoiding surprise cash outflow in July and saves from paying interest @ 1% per month on this tax 3. If you have ESOPs/RSU from Foreign Companies this should be disclosed in Foreign Assets and liabilities schedule. Some employers would have opened bank accounts in that country to settle your ESOP transactions. This is also required to be disclosed under foreign bank accounts. If the ESOPs and RSUs are from unlisted Companies then it also has to be disclosed under unlisted shares held. Additionally if you are Indian resident as per the Income tax law (most of you will be) your global income becomes taxable and any dividend received on these ESOPs or capital gain on sale of ESOPs of foreign Companies has to be offered to tax. However, if there are taxes deducted on these transactions the same can be claimed by filing Form 67. 4. For current year if you are in salary bracket above 20 lakhs then new regime will be beneficial mostly unless you have housing loan interest from Self occupied property. Under new regime Employer contribution to NPS up to 10% of basic salary can be claimed as exemption. 5. Get a good consultant today itself and plan the your finances accordingly. In case of salaried individuals there are very less avenues to save tax after March