We discuss an extension of the Jimbo-Miwa-Ueno differential 1-form to a form closed on the full space of extended monodromy data of systems of linear ordinary differential equations with rational coefficients. This extension is based on the results of M. Bertola generalizing a previous construction by B. Malgrange. We show how this 1-form can be used to solve a long-standing problem of evaluation of the connection formulae for the isomonodromic tau functions which would include an explicit computation of the relevant constant factors. We explain how this scheme works for Fuchsian systems and, in particular, calculate the connection constant for generic Painleve VI tau function. The result proves the conjectural formula for this constant proposed in cite{ILT13}. We also apply the method to non-Fuchsian systems and evaluate constant factors in the asymptotics of Painleve II tau function.