Any amount due or received by an employee from an employer or former employer during the financial year ending 31st march will be chargeable to income tax in the next assessment year following the financial year. For example if your financial year ends at 31st march 2013 (i.e. income generated during the financial year starting from 1st April 2012 to 31st march 2013) and an … [Read more...] about Income tax liability while working for more than one employer