ABOUT THIS FORM
Form 122 is a consolidated income declaration submitted by a salaried employee to their current employer. It is prescribed under Section 392(4)(a) of the Income Tax Act, 2025, read with Rule 204 of the Income Tax Rules, 2026. It is issued by the Income Tax Department, Government of India via Income Tax Portal.
It replaces the earlier Form 12B and Form 12BAA used under the Income Tax Act, 1961. If you changed jobs during the tax year, earned income from other sources, or have a house property loss to declare, this is the form you submit to your employer before payroll is processed.
WHO CAN USE FORM 122
Eligible:-
-Salaried employees with income from more than one employer during the same tax year
– Salaried employees who have a loss under the head House Property Income to claim
– Salaried employees who have non-salary income on which TDS or TCS has already been deducted
– Salaried employees who want their employer to account for tax already deducted elsewhere before calculating monthly salary TDS
Not eligible:-
-Non-salaried persons — this form is exclusively for employees with salary income.
– Freelancers, self-employed individuals, and business owners- Employees with no income from a previous employer and no other income or losses to declare
WHAT THIS FORM 122 IS USED FOR
a. Salary income from any other employer during the same tax year – including taxable allowances, perquisites, EPF accretion, and TDS already deducted by that employer
b. Loss under the head House Property Income – for employees with a home loan interest deduction that results in a net loss under house property
c. Any other income chargeable to tax under heads other than salary – such as interest income, rent, or capital gains on which TDS has been deducted (losses under other heads cannot be reported here)
d. Tax deducted at source or collected at source on any non-salary income during the tax year
DOCUMENTS REQUIRED
-TAN and name of the previous employer, if reporting salary from another employer
– Salary details from the previous employer — taxable salary, allowances, perquisites, EPF contributions, and TDS deducted (available in your Form 130 or salary slip from previous employer)
– Home loan interest certificate from your bank — required only if claiming house property loss- TDS certificates for non-salary income – required only if reporting
-TDS on other income sources such as bank interest or rent
User Frequently Asked Questions (FAQ)
How do I submit Form 122?
Submit it directly to your current employer in physical form or through your employer’s HR or payroll system. It is not uploaded to the Income Tax portal.
Who should use Form 122 and when?
Any salaried employee who changed jobs during the tax year, has a home loan, or earned other income with TDS deducted should submit Form 122 to their current employer before payroll is finalised.
What happens if I do not submit Form 122?
Your employer will not account for TDS already paid by your previous employer or on other income. This leads to excess TDS being deducted from your salary, and you will have to claim a refund when filing your ITR.
DOWNLOAD SECTION
This is an official form issued by the Income Tax Department, Government of India.
Need help filling every field? Read the complete step-by-step guide for Form 122 here.
Before you Leave Please Note:
Where to Submit: Direct to your employer or through your company HR or payroll system. Not on the Income Tax Portal
RELATED FORMS
Form 121 for TDS exemption on FD interest — If you have fixed deposit interest income and want to stop TDS on it, submit this to your bank separately. The TDS already deducted can then be reported in Part C(3) of Form 122.
Form 130 from your previous employer — The TDS certificate for your earlier salary. You need the figures from this to fill Part B of Form 122 accurately.