What is the procedure for calculation of Minimum Alternate Tax?

Income tax calculation when I changed a company in between the year?

• Hi , I was working with a company X till October 30th 2012 and joined company Y on November 2nd 2012. Since I had not shown any Income Tax (IT) proof to the company X, they deducted a huge amount as IT from my October salary and provided the IT statement mentioning the tax is deducted for my income from April 2012 till Oct 2012. However In my new company Y, I have provided all the IT saving proofs like insurance, mutual fund along with the previous employer's IT statement. My accounts team has applied tax for my income from the previous employer X along with the income from the current employer Y. If I ask them, they say since I am falling into different salary slab in the current company, they have to apply tax for my income from previous employer X also. But logically they should not mind about the previous income as I have already payed huge tax on that during my departure from previous company. Please help me how he can deduct tax for my previous company's income when I payed the tax for it? Is it not paying the tax twice for the same income?

• Answer:

  I was working with a company X till October 30th 2012??? 2012 or 2011 I guess you want to say 2011 and not 2012. In any case if you paid twice the tax payment in such case amount will get refunded, best is contact CA who will you help you in drafting letter and help you to get refund if you paid twice tax on same income