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What is Form 12b? Form 12b is an income tax form that needs to be furnished according to Rule 26A by an individual joining a new organisation or company in the middle of the year. The main purpose of the form is to furnish details of the income earned by the individual from the previous employer.
The Rule 26A lays down the requirement for filling of Form 12B under the Income Tax Act 1961. The form's main purpose is to provide information about the individual's previous employer's income. It is a detailed statement of income from salary. Furnishing of form 12B is optional.
It is a statement of income from salary. It is a detailed statement of perquisites. Employees provide Form 12B to their new employer to join the new job in the middle of a fiscal year. Employers issue this Form to their employees along with Form 16.
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It is a detailed statement of perquisites. Employees provide Form 12B to their new employer to join the new job in the middle of a fiscal year. Employers issue this Form to their employees along with Form 16. This Form contains details like \u2013 income from salary, TDS deductions, etc.
It is a detailed statement of perquisites. Employees provide Form 12B to their new employer to join the new job in the middle of a fiscal year. Employers issue this Form to their employees along with Form 16. This Form contains details like \u2013 income from salary, TDS deductions, etc.
W-2, Box 12 Codes Box 12 CodeDescriptionDElective deferrals under a section 401(k) cash or deferred arrangement plan (including a SIMPLE 401(k) arrangement)EElective deferrals under a section 403(b) salary reduction agreementFElective deferrals under a section 408(k)(6) salary reduction SEP26 more rows
Every new employee has to submit Form 12b to their new employer. Furnishing Form 12b is not compulsory.
Box 12 codes A: Uncollected social security or RRTA tax on tips reported to your employer. AA: Designated Roth contributions under a section 401(k) plan. B: Uncollected Medicare tax on tips reported to your employer (but not Additional Medicare Tax) BB: Designated Roth contributions under a section 403(b) plan.

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