If you are someone who received salaries from two different employers in financial year 2024-25, then your income tax return (ITR) filing may need extra attention. Whether you switched jobs or worked multiple roles, combining incomes can affect your tax liability. It’s important to report all income accurately, claim the right deductions, and avoid double exemptions—especially for items like HRA or standard deduction. Missing any detail could lead to a tax notice or additional tax dues later. Here’s a simple guide to help you file your ITR correctly, reduce errors, and stay compliant while maximising your eligible tax benefits.
Important Form-16 details that need your attention:
It is important to be accurate with the following details mentioned in the Form-16
- Your Total (Gross) Salary
- Allowances and deductions from salary
- Deductions under Chapter VI-A (like 80C, 80D)
- TDS (Tax Deducted at Source) details
If you worked for more than one employer in the same year, you must fill out separate sections in your ITR form for each job. Report each employer’s salary and deductions in their respective sections.
Be careful with deductions and TDS
The most important part is claiming deductions under Chapter VI-A. Your ITR has a separate section to report these. You should only include the total deductions you’re eligible for based on your actual investments or expenses—not what both employers reported. For example, Section 80C has a yearly limit of Rs 1,50,000, not Rs 1,50,000 per employer.
Similarly, TDS from each employer should be shown separately in the ‘Schedule TDS’ section, using their name and TAN.
If you switched jobs, the new employer might not have considered your old salary and TDS. In such cases, you may need to pay any remaining tax as Self-Assessment Tax before filing your return.