02-May-2026
Taxation
 
Not filing Form 122 after switching jobs could mean a long wait for your tax refund
02-May-2026

The Income Tax Department has introduced a new form for salaried employees in the country. As an employee, you may be required to file Form 122 with your new employer if you have changed jobs during the year. Typically, most organizations ask for a declaration from the employee regarding any other income for the year that may impact the tax deducted at source. When an employee switches jobs during the year, the new employer does not know the income received from the prior employer or the tax deducted at source in the previous organization.

News Source:- https://www.financialexpress.com/money/more-tax-deducted-from-salary-not-filing-form-122-after-switching-jobs-could-mean-a-longer-wait-for-refund-4224295/?ref=personalfinance_hp