General

Can my employer see my other sources of income?

Can my employer see my other sources of income?

No, you don’t. Even though the form asks about your other jobs and income, you don’t have to give that information. You can complete the IRS Tax Withholding Estimator instead to help make sure you are withholding the right amount of tax from your paycheck.

Can we know income from PAN card?

To check the status of TDS using the PAN card, one needs to follow the steps mentioned below: Visit www.tdscpc.gov.in/app/tapn/tdstcscredit.xhtml. Key-in the verification code. Enter the PAN and TAN.

Is it legal to work for 2 companies at the same time in Malaysia?

While some employers allow their employees to engage in double employment, there are few legislations clearly prohibit this practice. In Malaysia, as to date there is no specific law regulating double employment by employees.

Is it legal for a prospective employer to ask for w2?

“No federal law prohibits an employer from requesting a W-2 to verify past employment or salary history,” explained Nathaniel Glasser, an attorney with Epstein Becker Green in Washington, D.C. He noted, however, that certain state laws may ban such inquiries or prohibit employers from asking for the information found …

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What is other income in income tax?

What is mean by Other Income w.r.t. Income Tax Filing? Any income which does not fall under the heads of Salary, House Property, Business Profession and Capital Gain will fall under the head Income from Other Source.

What is form 12BB?

The Form 12BB is a statement of claims by an employee for deduction of tax. Form 12BB has to be submitted at the end of the financial year. Form 12BB applies to all salaried taxpayers. Using Form 12BB, an employee has to declare the investments that they have made during the year.

Can I file two tax returns for the same year?

Yes, you can. You will need to file the income from each year, separately. A tax return for each year of income that you need to report.

Can I have double employment?

There is no provision under the Indian labour laws barring dual employment. Thus the Indian employment laws provide no specific provisions dealing with the legality of dual employment. But in the case of employees working in factories section 60 of the Factories Act 1948 lays restriction on double employment in India.