When must admin collect Form 12B from employee?

Form 12B is a document used for providing details of income earned from previous employers during a financial year. It is typically required when an individual changes jobs in the middle of a year and needs to report their income from multiple employers to the current employer or to the Income Tax Department.

According to Rule 26A, the admin must collect Form 12B from an employee who joins a new organization or corporation in the middle of the year.  

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