Personal Finance News

3 min read | Updated on July 09, 2026, 12:16 IST
SUMMARY
When completing your ITR for 2026, you must include the compensation you earned from each company if you changed jobs in FY 2025-2026, which means you worked for multiple companies during AY 26-2027.

Employees who switched jobs during the financial year are likely to receive separate Form 16s from each employer. | Image: Shutterstock.
Many salaried taxpayers are attempting to file their taxes as soon as possible rather than waiting for the July 31 deadline, as the Income Tax Return (ITR) filing season for Assessment Year (AY) 2026-27 has begun. For those who changed jobs during Financial Year 2025-26, tax filing requires additional care.
When completing your ITR for 2026, you must include the compensation you earned from each company if you changed jobs in FY 2025-2026, which means you worked for multiple companies during AY 26-2027. Do not report only your latest employer's salary, as this can lead to incorrect tax calculation and even a tax notice later.
Employees who switched jobs during the financial year are likely to receive separate Form 16s from each employer. In case, your previous employer have not given Form 16, you can contact them and ask them to provide your Form 16 at the earliest so that you can file ITR on time.
"Collect the salary details from every employer. If you received separate Form 16s (or salary TDS certificates) from different employers, use all of them while filing your return. Add the gross salary from each employer and report the combined salary in your ITR," said CA Abhishek Soni, CEO & Co-founder, Tax2win.
Also make sure to claim the total TDS deducted by all employers. Before filing, verify that the TDS shown in your salary certificates matches the details available in your Form 26AS and AIS. This helps avoid mismatches and ensures you get the correct tax credit.
"If you changed jobs during the year and did not inform your new employer about your previous salary through Form 12B, your new employer may not have deducted enough tax. In such cases, you may have to pay the remaining tax along with applicable interest while filing your ITR," added CA Abhishek Soni
Finally, check the pre-filled salary details on the income tax portal carefully. Even if salary information is pre-filled, compare it with your salary certificates and update it wherever required before submitting your return.
Gather Form 16 (or salary TDS certificates) from every employer you worked for during the financial year.
Add the gross salary from all employers and disclose the combined salary in your ITR.
Include the TDS deducted by all employers while filing your return.
If you changed jobs and did not provide your previous salary details to your new employer through Form 12B, your tax deduction may be lower than required.
You may need to pay the balance tax along with applicable interest while filing your ITR.
Check the pre-filled salary details on the income tax portal against your Form 16s and make corrections, if required, before submitting your return.
Taxpayers can prevent notices, extra tax demands, and refund processing delays by reviewing all salary and tax information prior to filing.
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