Avoid taxation of allowances:

Make sure you submit rent receipts and other documents before you put in your papers. If you fail to give the rent receipt, you can claim House Rent Allowance ex emption when you file the return. One can lose the tax benefit status if they shift job before January because your previous employer will pay it along with the final settlement amount.

Check all documents before you exit:

It is highly important to have the following documents when you move out of an organization: payslips, full and final settlement statement, Form 19 and Form 10C for PF withdrawal, and your provident fund account details. Do not forget to ask for your Form 16 at the end of the financial year among other things.

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