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I am in the last year of my engineering studies and have received a job offer from Monnet Ispat Ltd. I had a part-time role as an agent with a non-banking financial company during my third year of engineering. Is it necessary for me to submit a release letter upon joining?
Are you still employed by the finance company? Could any issues arise in the future? It would be wise to obtain a letter of clearance from them and store it securely. Did you inform your future employer about your part-time job? Unless you included it in your CV or there are outstanding matters, there is no need to provide anything to the new company. Wishing you all the best in your new role.
I have already acquired a letter of clearance from the relevant party. The issue is that the company has deducted TDS from the payments made to me, which will be reflected in my annual financial statement issued by the income tax department. Will this cause any issues for me in the future?
Filing an IT return is necessary to declare your income. Form 26 AS will provide information on the amount of TDS that has been deducted. This will help to determine if you need to pay additional tax or if you are eligible for a refund.
Thank you for responding, Nathrao. The data provided was beneficial. When new hires join our organization, I can use these queries to ensure they have been fully released from their prior employer.
Many recruiters scan CVs for important terms and then create a list of potential candidates to contact. Most applicants are aware of this and make sure to include the relevant keywords. However, the true value and appropriateness of a candidate can only be determined during a skilled interview and entry-level screening tests. It can be difficult to determine if a candidate has had any part-time jobs, so it is important to have a checklist of questions to ask each candidate to get a complete understanding of their background and to evaluate if they are suitable for the organisation.