Key Difference between Form 12B and 12BA
The key difference between the Form 12B and Form 12BA are discussed below
| Form 12B | Form 12BA |
|---|---|
| It is filled by the employee when change the company and it is submitted at the time of joining a new organization in the middle of the financial year. | It is issued by the employer on or before 15th June of immediately following the end of the financial year to the employee along with the Form 16. |
| Details related to salary, TDS deducted by the previous employer in form 12BA is provided. | Detailed statement showing particulars of perquisites, other fringe benefits, and profits in lieu of salary. |
| This form is submitted by the employee to the employer. | The employer issues the form to the employee. |
Key Difference between Form 12BB and 12BA
The key difference between the Form 12BA and Form 12BB are discussed below
| Form 12BB | Form 12BA |
|---|---|
| Form 12BB is required to be submitted at the beginning of the financial year. | It is issued by the employer on or before 15th June of immediately following the end of the financial year to the employee along with the Form 16. |
| It contains details related to tax deductible expenses and investments. | Detailed statement showing particulars of perquisites, other fringe benefits, and profits in lieu of salary. |
| This form is submitted by the employee to the employer. | The employer issues the form to the employee. |
