Unexpected tax bills.
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I recently transitioned to a new job and have now received a tax demand. Since my TDS was already deducted and I have no other income, shouldn't everything balance out? Could overlapping salaries, bonuses, or errors in my Form 16 or 26AS be causing this extra bill?
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This is pretty normal when you change jobs. Basically, both companies use that ₹2.5L exemption for your salary separately, which means they might not deduct enough tax from your total income for the year. First things first, check your Form 26AS to see what both employers reported. If something doesn’t look right, reach out to your old HR and ask them to fix it. You have 30 days to submit your documents online, so it's better to do it sooner to avoid any issues.