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Job switch leads to ₹1.69 lakh tax liability despite both employers deducting TDS correctly: Here's why Form 12B matters

22 hours ago 5
Switching jobs during a financial year can leave salaried employees with an unexpected tax liability even if both employers deducted TDS correctly. The gap arises because TDS is calculated employer-wise, while final tax is based on total annual income. Form 12B can help avoid this mismatch.
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