Placeholder VS Label for input in HTML5

Question

I\'m Making a form with multiple inputs where I need to give lable of form element inside input itself and I\'m using like this

An example

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Answer 1

Placeholder is no replacement for Label so I guess for screen reader this should be present or at least set the title attribute. Ref

For cross browser compatibility you need to use javascript. Checkout http://www.hagenburger.net/BLOG/HTML5-Input-Placeholder-Fix-With-jQuery.html for that.