Please find the below comments.
1.TDS will calculate based on employee total income for the financial year of the employees, If the employee joins mid of the year then tax will calculate and deduct for the remaining month in the financial year. In gerytHR, we have a provision to update the previous employment income so tax will adjust automatically based on the previous employment income and current income and deduct the tax accordingly.
2.Employee has to submit previous employment income, If the employee didn’t submit previous employer income in such case, if an employee falls under tax bracket then the tax will calculate and deduct based on the current salary, otherwise, it will not deduct. The employee may face an issue at the time of filing IT returns in case of a shortfall deduction in tax.
3.Form 12BB is a statement of claims by an employee for deduction of tax. With effect from 1st June 2016, a salaried employee is required to submit Form 12BB to his or her employee to claim tax benefits or rebate on investments and expenses. 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. Documentary evidence of these investments and expenses has to be provided at the end of the financial year as well.
4.We have a provision to update the details in the POI declaration
5.Every salaried taxpayer has to submit Form 12BB