• Jan
  • 23
  • 2013

Download, know, FAQ on Form 15G & 15H

Everyone is aware that Form 15G and form 15H are used for avoiding the TDS deduction while computing the interest earned during the financial year. In this article we are discussing important points to remember while submitting the Form 15G and Form 15H to the deductor. We have also included frequently asked questions and answers on Form 15G and Form 15H. Reader can download the latest Form 15G and Form 15H in Excel, Word and PDF format from the links given at the bottom of the article.

Form 15H :- Declaration under sub-section (1C) of section 197A of the Income-tax Act, 1961, to be made by an individual who is of the age of sixty-five years or more (Sixty Years from 1st July, 2012) claiming certain receipts without deduction of tax.

  • Form 15H can be submitted only by Individual above the age of 65 years. (Age limit reduced to 60 Years from from 1st July, 2012)
  • Estimated tax for the previous assessment year should be nil. That means he did not pay any tax for the previous year because his income is not coming under the taxable limit.
  • This form should be submitted to all the deductors to whom you advanced a loan. For example you have deposit in three SBI bank branches Rs.100000 each. You must submit the Form 15H to each branch.
  • Submit this form before the first payment of your interest. It is not mandatory but it will avoid the TDS deduction. In case of the delay, the bank may deduct the TDS and issue TDS certificate at the end of year.
  • You need to submit form 15H to banks if interest from one branch of a bank exceeds 10000/- in a year.
  • You need to submit for 15H If interest on loan ,advance, debentures , bonds or say Interest income other then interest on bank exceeds 5000/-.

Form 15G:- Declaration under sub-sections (1) and (1A) of section 197A of the Income-tax Act, 1961, to be made by an individual or a person (not being a company or a firm) claiming certain receipts without deduction of tax of tax.

  • Form 15G can be submitted by Individual below the age of 65 years (Age limit reduced to 60 Years from from 1st July, 2012))  and Hindu Undivided family.
  • The above points are applicable to the Form 15G as well, except  that the Form 15H is only for the senior citizen.
  • Form 15G should be submitted before the first payment of interest on fixed deposit.

Difference between form 15G and 15H:-

  1. Form 15G can be submitted by individual below the Age of 65 Years while form 15H can be submitted by senior citizens i.e. individual’s above the age of 65 years. (60 Years from 1st July 2012).
  2. Form 15G can be submitted by Hindu undivided families but form 15H can be submitted only by Individual above the age of 65 years. ( 60 Years from 1st July 2012).
  3. 15G CAN NOT BE filed by any person whose income from interest on securities/interest other than “interest on securities”/units/amounts referred to in clause (a) of sub-section (2) of section 80CCA exceeds maximum amount not chargeable to tax.

In nutshell we can say that anybody whose tax on estimated income is not NIL and having income from interest on securities/interest other than “interest on securities”/units/amounts referred to in clause (a) of sub-section (2) of section 80CCA exceeds maximum amount not chargeable to tax can not file DECLARATION u/s 15G . This is clear from the point 3 & 4 of the of From 15 G.

However, if you are eligible and also fulfill the condition, the payer can not deduct the tax even if it is above 10,000.

Senior Citizens who are eligible to file Declaration in Form 15H has no such conditions. They can submit form 15H even if there total Income from interest on securities/interest other than “interest on securities”/units/amounts referred to in clause (a) of sub-section (2) of section 80CCA exceeds maximum amount not chargeable to tax if tax payable by them is NIL. This is clear from point 4 of the form 15H, which reads as under:-

” 4. that the tax on my estimated total income, including *income/incomes referred to in the Schedule below computed in accordance with the provisions of the Income-tax Act, 1961, for the previous year ending on relevant to the assessment year _____________ will be nil”

15G- 15G


FREQUENTLY ASKED QUESTION ANSWERS ON FORM 15G AND FORM 15H

Question:- I am 70 years old. I invested a sum of Rs 5,00,000 in January 2004, in GOI 8 per cent savings bonds (taxable), 2003, via a leading private bank. The bonds issued were on a cumulative basis with a maturity period of six years. The total interest payable at the time of maturity is Rs 3,00,500. I have declared the income from the bonds on an accrual basis y-o-y, and have been filing tax returns since A/Y 2006/07. But the bank is not accepting Form 15H stating that the total interest payable on maturity is more than the threshold limit for senior citizens – Rs 2,50,000, and is insisting on my submitting Certificate u/s 197 from the IT office. What do I do?

Answer:- The bank should have deducted tax at source. It seems the bank has not provided for the accrued interest and is therefore not accepting Form 15H. You can prove that the tax on your total income of the previous year in which the interest is to be received shall be nil, even after including the cumulative interest the bank should not resort to tax deduction at source. You can submit Form 15H for deduction of tax at source for A.Y. 2010-11.

Question :- I am a senior citizen having income liable for tax deduction at source in respect of my deposits with State Bank of Hyderabad. They asked me whether I would be filing declaration in Form 15G or 15H in the first week of March in respect of payments made during the year so that I am in a position to judge whether I have taxable income for the year or not and file declaration in Form 15H, if I have no taxable income. On the other hand, State Bank of India and, I understand, some other banks require form at the time of deposit itself. It may not be proper for the bank to act on such declaration made in one year for another year or for that matter act on a declaration which had become stale filed in earlier part of the year for payment towards the end of the year. What is the correct position of law?

Answer:- The doubt raised by the reader is a valid one. The law itself does not provide for any date on which the declaration is required to be filed as long as it relates to the income of the year and filed during the year. Since the deduction of tax at source has to be decided on the date of each credit or payment, deduction has to be made for each such credit or payment. Where an investor is not able to file the declaration in earlier part of the year in view of the uncertainty as to the prospect of his income crossing the exemption limit, he can probably inform the bank that deduction could be deferred till the end of the year. But then, the bank would like to have the declaration at the time of payment so that the declaration may have necessarily to be filed before the first quarterly payment, if the interest is payable quarterly. The difficulty for the investor in ascertaining the income in advance in such cases cannot be avoided. Tax may have to be deducted and refund applied in due course in such cases.

Question:- It is stated that 15H form is concessional for individuals aged 65 or more as this form, unlike 15G form, does not carry the restrictive declaration to the effect that the aggregate of eligible incomes will not exceed the maximum amount which is chargeable to income tax (Item No. 4 in 15G form). 1. Can it be interpreted, that there is no ceiling on the aggregate incomes/ amounts liable for tax deduction for senior citizens of the age of 65 or more? 2. It should be “not exceeding the maximum exemption limit” and not “not exceeding the minimum exemption limit”. 3. Form No. 15H in circulation at present states that the particulars of the amounts are as per the schedule below. But there is no such schedule at all. The one and only schedule is about “investments”. Of course, Form 15G carries this Schedule as “Schedule V”. 4. Item 2 in Form 15H reads as “that my present occupation is….” At 65 and above, many have no occupations at all. 5. Item 3 in this form states “…. and am entitled to a deduction from the amount of income-tax on my total income referred to in section 88B”. Can you please enlighten me on this point regarding Sec. 88B?

As regards the first point, the limit for tax deduction for others is inapplicable for senior citizens, but the limit for statutory deduction under Sec. 80-C, for example, is applicable.

The second point made by him is correct.

As for the third point, the omission pointed out in Form 15H, the schedule for withdrawal from NSS alone has been given, because the other schedules as in Form 15G have apparently been considered unnecessary, since there is no ceiling by way of limit for tax deduction at source, so as to require the split up of the different incomes.

The fourth point made is 4 that the Form 15-H contemplates occupation for everyone is really not a defect, since a person without occupation can well fill up the column as nil. As for the last point, reference to Sec. 88B, providing for rebate for seniors citizens, has since been omitted with effect from April 1, 2006 on substitution of this relief by higher exemption limit. The Form has not been updated after this change. Probably, it was considered not necessary, because of the possible understanding that the reference to Sec. 88B is only for the limited purpose of adopting the definition of senior citizen under the section, when it was in vogue.

Question:  What should I do if I am not liable to pay tax and TDS is not required to be deducted?

Answer:- To avail the benefit of deduction of tax at source at Nil/lower rate, you may submit any of the following documentation :

  • Certificate from the Indian tax authorities : Certificate under section 197 of the Act issued by the Assessing Officer for nil / concessional rate of TDS can be submitted by any bondholder including companies and firms. The certificate should be submitted by the deductee to the deductor.
  • Form 15G: If you are a resident person (other than a company, Co-operative society or a firm), you can submit Form 15G in duplicate to deductor. As per the provisions of section 197A of the Act, Form 15G can be submitted provided the tax on your estimated total income for the financial year computed in accordance with the provisions of the Act is NIL ) and the interest paid or payable to you does not exceed the maximum amount which is not chargeable to tax.
  • Form 15H: If you are a senior citizen, i.e. if you are of the age of 65 years and above (Sixty Years from 1st July, 2012) at any point of time during the financial year, you can submit Form 15H even if your income exceeds Rs.250,000 p.a. for the purposes of non-deduction of tax at source if your estimated total income for the financial year computed in accordance with the provisions of the Act is NIL.
  • Entities exempt from tax as per CBDT Circular:
    Certain specified entities whose income is unconditionally exempt under section 10 of the Act and who are statutorily not required to file return of income as per section 139 of the Act, CBDT has vide Circular no.4/2002 dated July 16, 2002, granted blanket TDS exemption. Some examples of the specified entities are provident funds, gratuity funds, local authority, hospitals exempt under section 10(23C)(iiiac), educational institutions or university exempt under section 10(23C)(iiiab).

Exemption for insurance companies: Certain entities such as Life Insurance Corporation of India, General insurance Corporation of India along with its four subsidiaries or any other insurer are eligible to receive interest on securities without deduction of tax at source, if such securities are owned by them or it has full beneficial interest in the same.

Question:- I am an account holder in a nationalised bank and I filed Form 15H. The bank authorities refused to give acknowledgement for the same, though I have given it in duplicate. What is more is that they have deducted tax though I have no taxable income. What is the remedy for the amount already deducted and to avoid such deduction in future?

Answer:- Where tax has already been deducted and deposited by the bank, the only recourse for the assessee is to file a refund claim along with the return with the assessing officer and await the refund. It is possible for an assessee to seek remedy for deficiency of service in a consumer forum or to file a complaint with the Ombudsman asking for compensation for the trouble to which the reader has been put to. But then, the reader had failed to press for an acknowledgement. He should have complained about denial of acknowledgement at that stage to the concerned superior officers or should have sent it by registered post acknowledgement due for purposes of evidence for his case. In fact, it is not open to the bank official to refuse acceptance of any document sought to be served on the bank or refuse acknowledgement, where demanded.

Some reader has complained about the inordinate delay in getting TDS certificate to enable claim of refund in time. Such complaints received from time to time indicate the inordinate delay on the part of even banks and large corporate as regards this statutory duty to issue such certificates promptly. In the case of banks, this is again a matter on which complaint should be made to senior officers of banks in writing and on failure of response to the Ombudsman. A complaint to the TDS section of the Income-tax Department, which is expected to enforce law regarding issue of TDS certificate promptly, should be the most effective remedy, if only the TDS cell activates itself to enforce the law and the rules on those responsible for tax deduction at source for the benefit of the taxpayers.

DOWNLOAD FORM 15G AND FORM 15H APPLICABLE WEF A.Y. 2013-14 OR FY 2012-13

Download New Revised Form 15H as Applicable from A.Y. 2013-014 in Word Format

DOWNLOAD FORM 15G AND FORM 15H APPLICABLE UP TO A.Y. 2012-13

Download Form 15G in word Format

Download Form 15G in Excel Format

Download Form 15G in PDF Format

Download Form 15H in word Format

Download Form 15H in Excel Format

Download Form 15H in PDF Format

Please Note that from 1st July 2012 Age limit for senior citizen is reduced to 60 years from earlier 65 years. So  from 1st July Form 15H can be filed by an individual who is of the age of sixty years or more  claiming certain receipts without deduction of tax.

(Republished with modifications)


263 Responses to “Download, know, FAQ on Form 15G & 15H”

  1. Amit Kemani says:

    We have some fdr in the name of my mother. But unfortunately my mother expired last year. Now deceased claim is still pending due to lack of some documentation. But still TDS is deducting in the name of my Mothter. Now I want to file form 15 G, Form 15 H so that no TDS will be deducted in the name of my mother becasuse that amount will be clubbed in my Income. So please suggest me how can I submit Form 15G and Form 15H in my mother account.

  2. PREMAL KHAROD says:

    Sir, we are a flat owner association and we have deposited our FD in bank. Now bank is demanding for CErtificate for non deduction of TDS on fD interest. let me guide from where and how can I get the certificate for non deduction of TDs.

    Regards

    PREMAL

  3. sakar says:

    Hi

    My father gets a monthly interest from a non-banking firm for a deposit he made an year ago. Last year he submitted the form 15h to the firm and received his payments without TDS deduction. This year the firm says that it cannot submit the form 15h to IT dept, due to some new regulations. It has given my father a duly filled form 15h with the firm’s stamp on it. They have asked my father to submit the form to the local IT ward, and provide them with the receipt. Only then TDS will not be deducted.

    Is that really so? People can individuals submit 15H forms directly to the income tax dept.?

  4. kanchanben shah says:

    Dear Sir,

    I am retired govt. empolyee. In my SERVICE RECORD name was as “KANCHANBEN K SHAH” as I joined service as unmerried and there was not facility to change the name in the department after marriage. So my married name is “Kanchanben J Christian”
    I was issued PAN card in the name of Kanchanben K Shah. As my Husband expired I was eligible for family pension too. and So I was having account as opened as Kanchanben J christian. I am also having Fixed Deposit in the name of Kanchanben J Christian Now the Bankers are not accepting my Pancard for this deposit as the pancard name and FD name differs. I would like to know the solution for the purpose as without Pancard & 15H submission in my FD in above name Tax would be deducted. Please guide me.
    thanks

  5. maske says:

    Please confirm as to whether the TDS is leviable on the interest earned by the govt./ of India on account of fixed deposit made with bank ?

  6. mm paramar says:

    dear sir,
    can we accept 15g from coop soc ltd, if yes up to what amount of interest they
    earn on their deposits with us
    mm parmar
    saraspur

  7. SUSANTA LAHIRY says:

    A] NRI or Resident Indian.

    Her journey details to USA is as under-
    a) Left for USA from India on-12/2/2012 after marriage.

    b) Returned back to India on-28/6/2012

    d) Returned back to USA on-22/9/2012 and continuing there continuously till now.
    She went on H-4 visa which is non -working Visa and given to as dependent Visa against her husband’s visa [H-1 B-4] is temporary working visa]as such with this H-4 she is not allowed to work and get salary. Therefore, she is studying there and not getting any salary.
    She has gone there against Indian Pass port and staying there from 22/9/2012 as such is resident Indian and not NRI. She is having 2 NOS FD(MIS),the F.D’s were made from mother’s PF , Gratuity,last salary after her mother’s death on 11/06/2011.Please explain that for submission of Form G for the previous year 31/03/2015 relevant to the assessment year 2015-2016,whether she will be considered as RESIDENT INDIAN or NRI,prior to that 22/92012 she was staying all through in India only :-

  8. MITHLESH DESHMUKH says:

    FD AMOUNT 2,000,00

    INTEREST AMOUNT – 20,000

  9. vijay says:

    is HUF can file 15G form for no deduction of tds

  10. sumit says:

    My source of income is agricultur.
    I`ve made a fixed deposit of rs 20,00,000 @ 9 %.
    Will there be a tds on the interest, even after submiting form 15G?

  11. K.Venugopal Rao says:

    Dear sir,

    This is Venu from Mumbai, recently my dad (central government employee) passed away as a result my mom received sum of 52 Lakhs ( insurance+gratuity+provident Fund).I had fixed total amount in the name of my mom in bank for monthly income scheme, where are receiving total interest of 40k/Month.This interest is our only lively hood,kindly let me know this interest amount is taxable and if taxable how to save tax.

  12. ANKUR PATHANIA says:

    Please inform me , whether filing of IT return on ITR-2,is compulsory in cases , where Form 15-G / H is periodically submitted to the banks every year , by the non- tax payers (ie. whose income below tax range ) and whose interest on deposits exceed Rs. 10,000/- per year.
    Thanks,
    Ankur

  13. SIMMI says:

    HI,

    I HAVE DONE A FD UNDER NRO ACCOUNT WHERE I WANT TO KNOW THAT WHICH IS THE BEST OPTION TO PAY LEAST TDS….I DO NOT HAVE ANY IDEA, PLEASE REPLY.

    THANKS AND REGARDS,

  14. Ananda Muniandy says:

    Hi,

    I am a foreigner leaving abroad and have an account(NRE & NRO) in an Indian bank
    Would like to find out whether any monies earned on interest,do I have to pay taxes and if so what are the documents that I that is require for submission.

    Please assist.

  15. mamta agrawal says:

    can a trust issue form 15G if its gross turnover is 200000rs and its income is 50000rs?

    Please reply

  16. Vicky says:

    Hello,

    Does 15G is branch specific? In today’s online world(I guess, where ever you open FD, those are linked to customer ID in online), if I opened 1 FD for 20L and submitted 15G for that. Can I open another FD for 20L for the same bank at different branch and submit 15G for this?

    Thanks..

  17. jOGI says:

    Hi,
    DEAR BROTHERS AND SISTERS,
    I HAVE READ THROUGH ALL THE POST, I HAVE DERIVED THE TRUTH FROM IT THAT ,OUR INDIAN ALL THE BANKS DEDUCT THE TDS EVEN PEOPLE REQUIREING MONEY AT HANDS OVER 65 YEARS NOT CROSSING THE TAX LIMITS. THE SAME FOR THE YOUNGER PEOEPLE.
    I FEEL ASHAMED AND GUILTY ABOUT MY INDIA….HOW CAN BANK HAVING FILLED THE FORMS DEDUCT THE TDS. THE PERSON HAS ALREADY MENTIONED THAT TAX LIMIT IS NOT CROSSED AND WITH PROVIDING THE UNIQUE PAN CARD NUMBER GIVEN BY INCOME TAX DEPARTMENT.
    MY HERATS STOPS FLOWING BLOOD WHILE READING THE ABOVE POSS……TAX DEPARTMENT ISSUES REFUND AFTER LONG DUE,1.5 YEARS …….WHAT A TERRIBLE SITUATION I AM ALSO GOING TO FACE. HOW CAN A PERSONS OWN MONEY TAKEN BY SYSTEMS ……….
    WE , INDIANS , NEED TO CHANGE THE SYSTEM BY CHOOSING THERIGHT PEOEPLE IN DELHI PARLIAMENT.

    I HUMBELY REQUEST THE BANKERS, BANK EMPLOYEES, TAX DEPARMENT. EVEN I READ ABOUT PRESTIGIOUS BANK SBI, WHICH DEDUCT TDS EVEN THOUGH SUMBITTED PAN+ 15GOR H………….I ASK EVERY INDIAN WHO ARE SERVING IN TAX DEPARTMENT, BANKING INDUSTRY, WILL YOU PEOPLE DO THE SAME IF IT IS YOUR ACCOUNT? PLEASE MY INDIANS , REPLY TO THIS ASK THE RELATED PEOPLT TO READ THIS.

  18. rajanikant mehta says:

    my mother and my brother fix deposit in eighter or survivor account . first name of my mother . she deposit every year 15g form . recently my mother expired . can my brother deposit 15 H FORM . till to fdr maturity

  19. muthusankar says:

    The banks insist to submit the Form 15H within 10th April of every year, to avoid TDS, on fixed deposits. The question of deduction of TDS arises only when the amount erceeds Rs.10,000-00 by way of interest. Therefore, it is meaningless to compel the depositors to submit the Form 15H by 10th April itself. Am I right or wrong?

    muthusankar

  20. Finhealth says:

    Dear Vijaya,

    No bank can go against the IT department notification. As per the notice that you are mentioning it is directly negating the purpose of 15G for which it was introduced. Only to reduce the hardship of claiming a refund this form was introduced and if some bank says so, its completely wrong.

    Hope this resolves your query.

    Regards,

    Finhealth

  21. umesh bhavsar says:

    dear

    what is time of durtion of 15 h / 15 g
    bcoz i have submit 15 g form 28 jan 2013 on sbi branch but bank debit my tds

  22. SENJUTI KUMAR says:

    My father is a retired person and his age is 65 years. He has interest income of Rs.260000/-. Please let me know whether he is eligible for submitting 15h or not.

  23. SENJUTI KUMAR says:

    My mother has a fixed deposit jointly with my grandmother who is the first depositor. My grandmother expired recently. Now my question is that can my mother submit 15h /15g instead of my grandmother?

  24. santosh kumar says:

    I am a bank employee. Just i want to know that if primary holder is deceased and second holder of fixed deposit came to me for submitting the form 15h to avoid the deduction of tax than at that time we can accept his/her form or not. Please suggest me.

  25. DIPAK K DATTA says:

    I have retired in July 2012. I had taxable Income in FY 2012-13 (AY 2013-14) for which I have already paid Tax (Advance Tax and TDS.
    I am to submit form 15H to the banks for the first time.
    I am a little confused on filling the Form 15H. Followings are my doubts.
    i) Is the Form 15 H now being submitted in April 2013 is for the FY 2013-14?
    ii) As I Paid Tax for the FY 2012-13 (the previous year), can I submit Form 15H for the FY 2013-14?
    iii) Item no. 21 – Estimated total income for which year? Possibly the current FY i.e. 2013-14. The various sources mentioned in item no.21 do not include “Pension” credited to the Bank, which is obviously a source of my income. Where can I write the amount of pension?
    iv) Item no. 22- Estimated total income of the previous year in which income mentioned in Column 21 is included. Here again, which one is previous year? How can the estimated total income from various sources in current year (Item no. 21) be included in estimated total income of previous year?
    v) In which Schedule of 15 H shall I write the details of my Savings Bank Account?
    vi) Where in the Form shall I write the particulars of my Bank (i.e. Name, Customer ID, Account no.
    vii) In the verification statement, what should be the ‘previous year ending on ….’ if I am submitting the Form now in April 2013?
    Request to help and guide with proper clarifications in the context of the Income Tax Act.

  26. kalpesh says:

    what should I fill in following question of form 15h, assume I have to fill it today (25th Apr, 2013) and I have FD done in July, 2012.

    4. that the tax on my estimated total income, including *income/incomes referred to in the Schedule below omputed in accordance with the provisions of the Income-tax Act, 1961, for the previous year ending …….. on relevant to the assessment year ………. will be nil;

  27. Paresh Agrawal says:

    I am a banker I want to clarify that Trust can submit 15 G or not????

  28. urvi says:

    Question: I was in job till March’13 and then i resigned.I will not be working for quite sometime due to personal reasons. My 2012-13 income was taxable and i’ve also invested in my savings. Am i eligible to fill form 15G for 2013-14 as the interest on all my savings will not exceed the taxable limit?

  29. Subramanian.V says:

    In the new Format of Form 15H, there TWO columns 21 & 22. What is the difference between the two? For Assessment year2014-15, Form 15H is to be submitted now. The term used “previous year” in this means 31.3.2014. In Col-21, the estimated income upto 31.3.2014 is to be given. Is not Col-22 the same? Kindly clarify. You can reply by email also

  30. Pravin says:

    how to fill form no 15 G

  31. keshavraman says:

    Pl. let me know the amount to be filled in column 22 of the new form 15H VIZ.,WHETHER 1)PREVIOUS YEAR TOTAL INCOME OR 2)CURRENT YEAR TOTAL INCOME OR 3)PREVIOUS YEAR TOTAL ESTIMATED INCOME IN INCOME FROM OTHER SOURCES?

  32. Ashutosh says:

    I have some confusion in my mind. Please clarify this

    1 Is the counting of income done from the month of april?
    2 If i am going to fill 15G form this month i.e April 2013, do i have to consider the income of previous year (from April 2012 to March 2013) to check the eligibility for 15G form

  33. R P Agrawal says:

    I am having taxable income but I am giving form 15 H to my banker and simultaneously paying advance tax. Reason for submitting form 15 H is that banks are not seriously submitting quarterly return 26Q and some times they mention wrong PAN No. leaving tax payer high and dry. Is is wrong in any way?

    Ultimate object of income tax department is to collect tax correctly and if that purpose id accompalished there is no harm if 15H is submitted

  34. Prakash says:

    Question: I am a pensioner of 62 yrs age and my annual pension(FY 2012-13) is Rs 413068 from which Rs 15097 has been deucted as TDS. Additionally I earn Rs 139550 as an interest towards fixed deposits. I have been repaying housing loan and the split up is Rs 100000 towards principal and Rs 82535 towards interest.
    Am I required to submit Form 15H in the concerned banks to avoid further deuction of the tax? If so, as the new 15 H form is complex I seek your guidance in filling the form.

  35. prasad says:

    our public Charitable Trust have fix deposits in Bank can we avail no tax dedution apllying 15 H ?

  36. Ramesh says:

    Please let me know to what extent 15g can be submitted to the bank. I mean up to how much amount of deposit in a family 15 g can be covered

  37. jitendra mathur says:

    Sir, can you send me filled new 15G & 15 H form

  38. AYAN says:

    Can you please send me sample filled Form 15G

  39. saumen maity says:

    If anybody wants to submit income tax return efilling & get the refund of TDS, then mail your all details to my mail maity_saumen@rediffmail.com

  40. G.V.N.Prasad says:

    Please inform me , whether filing of IT return on ITR-2,is compulsory in cases , where Form 15-G / H is periodically submitted to the banks every year , by the non- tax payers (ie. whose income below tax range ) and whose interest on deposits exceed Rs. 10,000/- per year.
    Thanks,
    G.V.N.Prasad

  41. satishgandhi.1957@gmail.com says:

    TDS FORM NO 15G COLUMN NO 21 AND 22 HOW TO FILL IT. GIVE WITH EXAMPLE.

  42. K K SARAOGI says:

    There are numerous questions with regard to Form 15G/15H. Some of the questions are replied as here under:
    1. Form 15G/15H, as the case may be, can be submitted to bank anytime before interest is credited to the account of the payee or payment made whichever is earlier.
    2. The details of A.O. Code and PAN details can be checked from Income tax Department’s website by application of “Mozilla fire fox”. At present, there is problem in searching such details through “internet explorer” or “google chrome”.
    3. Banks are not equipped with clear understanding about Income tax laws and they often make mistakes in deducting tax at source. Sometimes, they deduct tax even if necessary form 15G/15H is submitted to them in advance.
    4. Sometimes, banks do not deduct tax on accrual of interest as on 31st March in case of fixed deposits on cumulative basis. If bank is deducting tax only on maturity, they are at fault and the individual cannot offer income on accrual basis since no tax deduction certificate will be received by him. However, an individual can offer entire income on receipt of actual interest on maturity also. If bank has deducted tax in a particular year and the FD is continuing in the next year, the individual can take credit of the TDS even in next year in which actual payment is received and offer cumulative income in the year in which the FD has matured. This is due to the provisions of Sec.199 of the I.T.Act read with Rule 37BA of the I.T. Rules.
    5. If tax is not deductible due to furnishing of Form 15G/15H, the individual can offer his income on accrual basis or on maturity. However, if an individual wants to show interest income on accrual basis if his income exceeds the taxable limit, it is advised that the concerned person should seek clarification from his bank whether tax is going to be deducted on accrual basis or is to be deducted on maturity.
    If anybody has got any other specific query with regard to TDS or form 15G/15H, they are free to write specifically to me.

  43. jeyaseelan says:

    Form 15G:- Declaration under sub-sections (1) and (1A) of section 197A of the Income-tax Act, 1961, to be made by an individual or a person (not being a company or a firm) claiming certain receipts without deduction of tax of tax.

    In the above lines, a trust is treated as AOP and taxed as an individual. A trust has some deposits in a bank; but the bank refused to accept form 15G. whether the action of the bank is correct.

  44. Vaibhav patel says:

    Hello,

    I have query.I have fixed deposite of 1,30,000 Rs in Central bank of India in December 2012, with My name as s first Holder & Father name as Second Holder.My father has deposited FD of 1,70,000 in Central bank of India in December 2012, with his name as First Holder & My name as a second holder.
    Requesting to guide that we require to submit 15 G form (Age < 65 ye).
    Awaiting your kind response. I worry because I got msg from bank to submit 15G form
    Thanks in Advance !!
    With Best Regards

  45. Swarna kamal Chandra says:

    My father, who died on 16th February 2012, have some term deposits in Central bank of India jointly with my name, in the manner of “Either or Survivor” . The first holder of the term deposits is my father and my name is in the 2nd one. Now I want to know:
    If I premature the terms deposit(s), will it attract any penalty?
    Can I submit the 15H Form as a representative assesy/assessor of my father?
    If I cannot submit 15H form, can I submit 15G Form?
    I shall be very greatful to you if you kindly help me to know the rules of my above mentioned queries.

  46. Arvind Khnaolkar says:

    Is investor required to give details of deposits with other banks in the new form 15H to be submitted to one bank?

  47. govindan says:

    Sir,

    I am a retired person ( age 59 yrs ) and have no income other than interest on my FD with Banks. The total interest earned during any financial year would be Rs.1,50,000/- . Shall I have to pay TDS on my income on interest ( rs. 1,50,000/- p.a.) . Please advise.

  48. Vikas says:

    What is last date of submision of 15g/h at Commissioner of income-tax by owner

    thanks

  49. HEMANT says:

    In the newly published 15H form sr citizens are supposed to give the following details. Please let me know from which site I can collect these details. I am a senior citizen and not assessed at all for the past many years, hence unable to get this info. Please guide me.
    (1) Assesses in which ward/circle (2) AO code under whom assessed last time (3) Area code, AO type, Range Code, AD No:, Present Ward/Circle (4) Present AO Code (if not same as above)
    (5) Area code, AO type, Range Code, AD No:
    One banker told me that I can open the Indian Income tax home page and feed my PAN there and the rest will be shown by the site; I don’t find any such column in IT site. Hence please help me
    Rgds / N A Rama

  50. manoj kumar says:

    1) Father got retired (60 years)30 june 2012 salary and leave encashment received after TDS.

    2) Retirement benefit’s life CPF & gratuity invested in MIS / FD’s for more then 1 year & less then 5 years.

    3)Family pension benefit for tax.

    4) If Sr. cetizen fill’s 15H even if the interest is more then 2.5 lacs. Is there any benefit other than 2.5 lacs.

  51. Vijaya Kumar Reddy says:

    Dear Sir,
    My income is taxable but i am submitting 15G in every FY to avoid TDS and the return given in 30 july 2012 and i have not shown bank interest or other income in returns. now I have came to know that person whose income is taxable can not filled 15g. so, is there any obligation/problem in future

    Regards,

    SVKR

  52. n a rama says:

    In the newly published 15H form sr citizens are supposed to give the following details. Please let me know from which site I can collect these details. I am a senior citizen and not assessed at all for the past many years, hence unable to get this info. Please guide me.
    (1) Assesses in which ward/circle (2) AO code under whom assessed last time (3) Area code, AO type, Range Code, AD No:, Present Ward/Circle (4) Present AO Code (if not same as above)
    (5) Area code, AO type, Range Code, AD No:
    One banker told me that I can open the Indian Income tax home page and feed my PAN there and the rest will be shown by the site; I don’t find any such column in IT site. Hence please help me
    Rgds / N A Rama

    narrb@yahoo.com

  53. Sanjay Kulkarni says:

    i am a senior citizen and my interest income is 5 lake and i submitted 15h form for non deduction of tax but bank is deducting tax TDS,It is valid or not?

  54. Nirmal Mukhopadhyay says:

    nirmal mukherjee
    April 11, 2012 At 9:32 PM
    i will be filling and submitting form 15G for the first time in this month which is April 2012, i can fill up most of the fields/columns in the form but i am confused what dates/years to write in blank fields.
    for the previous year ending on_____________ relevant to the assessment year _________to________ will be nil
    that my/our income from dividend etc.etc…………………… for the previous year ending on_____________ relevant to the assessment year 20________to 20_______ will not exceed the maximum amount which is not chargeable to income tax.
    i need your help in filling the form and will be appreciated.pl.send in my mail

  55. Rajesh says:

    Hello,

    My mother (62 years) already has a savings account in SBI from 5 years. She recently transferred her Pension account from another state. Her total source of income is less than 1 lakh INR. In this case -

    1. Is it mandatory to have PAN card to get the pension under recent Income Tax rules? Earlier she had submitted form 60 or may be 15 c as an alternative for Pan card in banks. The bank is telling that Pan card is mandatory.

    2. The bank official said that they cannot give the pension amount (arrears transferred from another bank) during financial year end i.e in March. Is there any rule for this?

  56. Sunil Kumar says:

    I have few 4 short terms FD (max 61 days) with HDFC bank the whole interest on my all the FD’s is not more then 1500. So still I have to submit the Form 15G?

  57. Ketan Solanki says:

    I am first time going to submit 15G, so i am employee but i don’t to why need i to submit this form ?

  58. Anand VG says:

    Sir,

    I am living in US but have Fixed Deposits in India. Can I scan the Form 15G and send it electronically to the banks?

    Regards
    Anand VG

  59. Dinesh Sanghvi says:

    Mu age is above 60 years. my current years income is exceeding limit i.e. 2,50,000/- but i have standard deductions (investments in LIC etc..) of nearly 60,000/- so can i submit Form for non deduction of TDS against Interest Income from private sector?? Which Form need to be submitted, 15G or 15H??
    What if my previous IT Return shows Tax Paid?? can i still submit any of above form for non deduction of TDS for any of the interest income??

  60. Bhadresh says:

    Please upload new format of Form No. 15G & 15H as per 21st february 2013.
    as per newspaper format is change & we have to submit new format of Form 15G or 15H as applicable. so please update new format on this website for all customer’s service.

  61. ASIS says:

    my have jointly fixed deposit in nationalized bank. ist holder is senior citizen who is expired. this time how submit the 15 G form and also this deposit entitled to senior citizen benefit

  62. AK Sen says:

    In case of either or survivor accounts, 1st holder of a Term deposit can only file Form 15H for non deduction of tax.How ever when the 1st holder expires and the 2nd holder gets the deposit account converted into his single name by submission of death certificate , how will he submit Form15 H or G for non deduction of taxes from interest earned as the first holder will deem to be recorded as ” DECEASED ” in the term deposit account ?

  63. Ashish says:

    Can you please send me sample filled Form 15G

  64. cpkumar says:

    I need model filleg 15G form for Bank FD

  65. govind says:

    sir, there are more questions and less answers.
    If most of the related questions are answered it would be more informative
    regards
    govind

  66. Abdul Aziz says:

    Sir

    I have already put a question but there was typing mistake my total income including interest of RS 15,000 is less than RS 2,50,000/ . Whether the tax on interest can be deducted by the bank or interest may be included in my total income for computing tax if any

  67. Abdul Aziz says:

    Sir.

    I earn interest on FD in bank more than RS 10,000/ per year but my total income including interest is less than RS 2,5000/ being Denior Citizen whether TDS can be deducted by the bank or not ?or Interest can be included in my income ?

  68. rkdhandia says:

    As per section 197A(1A) which says ” Notwithstanding anything contained in section 193 , section 194 or section 194 K no deduction of tax shall be made under any of the said sections in the case of a PERSON ) not being a company or firm) if such person furnishes……..”
    Therefore, Form 15G can be given by Trust, Societies if other conditions i.e. its total income is less than the chargeable limit,

    Pl comments

  69. GD Gupta says:

    Dear Sir/Madam,

    I had opened a joint account with my daughter with the First Holder name is of my daughter and the second holder name(myself) is the owner of the funds. Now my daughter has married.

    We have Fixed deposit of Rs.12 lacs with the same joint name for which the accrued interest exceeding Rs.10,000. Presently, I am un-employed and my daughter is housewife who is leaving with her husband. My date of birth is 29.9.53.

    So kindly advise me who will be submit the form 15G.

    GD Gupta

  70. pratap says:

    Dear Sir,

    I have FD ad would like to submit 15G. For a financial year 2012-2013. When Is the last date to submit form 15G. Can I do it by Feb 2013 or I have to do it by July 2012.

    Please let me know.

  71. Imran says:

    Do we have to Submit form 15G/H every time we Pay interest in a year?
    Ya only once in a year

  72. Ynamin says:

    Sir,

    Thank you for informative article & downloads on 15 H & G. There is a small mistake on your web site. Form 15H in word in your download section is not in word but in excel.

    Kindly correct.

    With regards

  73. K. UDAYANANDAN says:

    I am an Income Tax payee and have deposits in SBI, IDBI, BoB & South Indian Bank. I am not submitting Form-H for stopping TDS deductions as per the conditions indicated on Form-H. However, I find that the TDS deducted by SBI Branch on my deposit there will cover the entire Income Tax payable by me on the deposits made with all the other Banks also. Since I am not submitting the Form-H, TDS is deducted by all the Banks with whom I have deposits and the TDS so deducted is much more than what is payable by me and the refund of excess TDS deducted which is claimed in the Annual ITR submitted is also taking unduly long time i.e. more than one year after submission of ITR. My question is whether I can submit Form-H to other Banks, so that TDS can be avoided since the TDS deducted on my deposit with SBI will cover the entire Tax payable by me on all my deposits with all the Banks mentioned above.

  74. g raja bhagavan says:

    is any rule/process under it ACT for revoking 15g/15h after submitting to deductor

  75. subhash gupta says:

    senior citizen of 60 years but below 65 years are entitled from 1st July 2012 to submit form 15H, BUT IT HAS NOT BEEN APPLIED BECAUSE THERE IS NO CIRCULAR SEEMS TO HAVE BEEN ISSUED BY THE INCOME TAX DEPARTMENT OR GOVERMENT, due to this the above group of senior citizens is in a confusion

  76. Aditya says:

    Hai,

    I am a NRI since 2007. This year I had transferred 2.7Lac to my friend and he return the same by transferring fund in my Indian Saving Account without any interest. Is there any tax applicable on the said transaction or am I need to submit 15G form to Bank for such transactions. Please advice..

  77. DPSingh says:

    I have deposited some money with a builder for purchase and subsequent renting out a shop. It was stipulated in the terms and conditions that the builder would pay interest on the deposit till the shop is handed over and rented out. I am receiving an amount of Rs. 1,40,000 per annum on account of that and do not have any other taxable income. Can I submit form 15 G to the builder to avoid TDS, which the builder is charging at present?

  78. satpal says:

    If father  invests  in bank in the mode of fix deposit receipts  in the name of unmarried daughter who is 21 years and is major. The  interest accrued there-on will be calculated in father’s  income for the purpose of income tax. 

  79. Mohan says:

    My age is 40 and I have a FD 200000 in SBI. I want to know if I will deposit 15G then TDS will be deducting or not in my FD. Pleae advise.

  80. Sagar says:

    Hi, I have a few FDs whose interest goes above 10000 (and hence TDS is decuted).

    If I am delcaring this interest income along with my slary income with my employer(obvoisuly tax will be deducted on the same). So Can I submit for 15 G to prevent my bank from deducting TDS or Should I let bank deduct TDS and not declate this interest as Income with my employer?

  81. Smita Kadam says:

    If any person submitted 15G/H form [whichever is applicable] for existing deposits at the start of FY to the bank/branch where deposits held, is it necessary to submit 15G/H form again on renewal of deposits and if any fresh deposit made with the same bank/branch?

  82. HEMA says:

    Sir,
    My husband’s income is taxable but he filled 15G in month of september so bank not cut tds and the return is filed in 30 july 2012 and we not shown bank interest in return(due to 15g) now I have come to know that person whose income is taxable can not filled 15g so, what i do and any problem have been come in future due to this mistake

  83. AUTILIO GOMES says:

    CAN I FILL 15G FORM VIA NET BANKING

  84. AUTILIO GOMES says:

    I AM AN NRE WORKING IN SAUDI. I HAVE F/D. DO I HAVE TO FILL FORM 15G TO AVOID TDS FOR ANY AMT.

  85. Nisar Ahmad says:

    Sir.
    Our immovable property i.e land and shop are coming under road widening project, and government deducting us TDS @10% on total payment and most of the are not paying Income tax,because there income is less than taxable limit. we are not selling the property willing, but government is forcing us for road widening and we are paid nominal  amount i.e less than market value.
    Can we claim tax exemption under section 15G(Form 15G) or we have to pay 1% TDS.
    Please advice us how can we save the TDS on our property.
    Thanking in anticipation,
    Nisar Ahmad Mir
    khayam chowk,Nowpora, Srinagar
    Cell no.9906606660
    Ph. no.1942474415

  86. pradeep kumar says:

    sir,
    i am sixty tow years old and i have selled my land and i want to do f.d of that money can i apply for form 15h

  87. gaurav says:

    sir,

    i am working in psu and have taxable income at 10%.
    i also have some FDR in bank which earn more than 10000 interst on it, can i submit 15g at banks. and also file interst income at taxfiling time..

  88. m.r.srinivasan says:

    my date of birth is 2.4.1952
    when i caculate my tax for the assesment year 2013-2014(current financial year)can i claim exemption up to or should it be 1.8 lakhs.

    i complete 60 years on 2.4.2012 and not on `1.4.52. pl reply

  89. Maya says:

    Sir

    I purchased property in India last year and paid Taxes. I am an OCI holder. Can I file Tax Return to get back my Taxes?

    Thanks

  90. Maya says:

    I am OCI holder and part of the year stay in India. I converted all my NRE deposit receipts into residential deposits. I give 15G forms every year to these Banks but still Bank diduct Taxes . How can I get back my Taxes. When I am asking bank , they are simply telling me to file Tax returns and get back Taxes for which I am not able to follow up with Tax dept. Can you give me any solutions for these problems?

  91. ANAND BOHRA says:

    SIR
             Can a trust is also allow to file form 15G for no deduction of tax on income from interest other than interest on securities to bank for no deduction of tax. please send your answer in this case.

    THANK YOU

  92. Bhupender says:

    if i deposit  Rs 100000/- in a person bank A/c and he has not pan card & he does not comes in senior citizen category. So the amount will be taxable or bank can deduct tds on that amount
     and how much amount can balanced in his account.  kindly reply answer in my mail id as soon as possible.  

  93. Jeenat says:

    what is to be done i have sold the house of Rs 15 lacks, is there 15h suffecient declaration of need to do any thing else to save TDS/tax

  94. Baji B says:

    Sir,

    I filed a h15 form this year as my income was 2.4L. Later, I realized a mistake as I did nt include accrued interest as income. Therefore, I need to fix this mistake and avoid penalty. 

    How can I fx this error? Is there a process whereby I can file or rectification of my H15 or withdraw it?

  95. deepti says:

    I am student and get fellowship (20000 per month), i have FD’s in SBI, can i submit 15G form to get TAX deduction on this FD’s

  96. sharda prasad says:

    Last year my mother who is a house wife has made a fixed deposite of 10 lakh with axis bank; and submitted form 15g but last month bank has deducted Rs. 1530.00 as tax; What should I have to do;

  97. N N Kujur says:

    I have a fixed deposit (Autoswipe) account in SBI. I was told to fill form 15G so that tax may not be deducted. I have my salary account(savings account) in Andhra Bank where I have fixed deposits, but was told not to fill it., as  later I have to pay the tax myself. I am totally confused. Should I withdraw the Form submitted( in Apr 2012) in SBI. I had done the same last year, though quite late(Dec 2011).

  98. vishal says:

    hii, I am 25 years old ,I had submitted 15g into my bank account for last year 2011-12 ,after submitting 15g bank was deducted TDS & informed me that the 15g is for house-wife & not for individual.

  99. yash says:

    on filling form 15g , TDS is not taking place n tax exemption is there for fixed deposit s , but when we file income tax return , that time the income tax will be applicable on same , please clarify

  100. gn tiwari says:

    can 15 g submiited by association and society

  101. Jayanthi Venkatesh says:

    I will turn 60 in Jan 2013.I have submitted Form 15G in April 2012 for the previous year 2012-2013, Assessment year 2013 -2014.
    I recd a call form a bank that I need to resubmit 15H as 15G is not applicable to me since i become 60 during the year.
    Please confirm.Will I have to resubmit 15H wherever i submitted 15G in april 2012

  102. rinku says:

    Hi,

    I have an NRO account with ICICI and they are deduction 30% TDS thought my taxable income in india is less than 1.6lakh. Do I need to file form 15H with ICICI or with Tax officer in india.
    Please suggest.

  103. MSVenkataraman says:

    I AM KNOWINGLY GIVING 15 H THOUGH MY INCOME IS ABOVE TAXABLE LIMIT. I SAY THIS IN 15H. MY TAX PAYMENTS ARE UP TO DATE. I JUST WANT TO AVOID THE HAS
    LE OF TDS AND  WAITING FOR THE REFUND FOR YEARS AS TDS DEDUCTION WILL BE MUCH MORE THAN MY TAX LIABILITY SINCE IT DOES NOT RECKON EXEMPTION LIMIT AND 80C DEPOSITS. ANY COMMENT?

  104. Kiran says:

    Is it compulsory to have a PAN if you need to file 15H with the banks? Recently they have said that they will need to deduct tax even thoough 15H has been filed with them if I do not give them the PAN. Is it right?

  105. rugram says:

    Mohammad Khan – 11th April, 2012 – The reply given for Surojit Dey is also applicable to you.

  106. rugram says:

    Surojit Dey – 12th April, 2012: If you want to submit form 15 G in respect of your income for the financial year 1.4.2012 t0 31.3.2013, then you have to write the ‘AY’ as 2013-14 and the ‘previous year ending on’ as 31.3.2013 which is relevant to the AY 2013-14.

  107. rugram says:

    Mr. Sawan Jasoliya- 27th March 2012: The bank cannot ask for form 15H before allowing withdrawal from a savings bank a/c. The purpose of form 15 H is different. It is possible that there is some other requirement other than form 15H which your friend has to fulfil before he is allowed to withdraw the balance from his savings bank account. Please check.

  108. rugram says:

    Mr. Milind Sawant -8th March 2012: Part II of forms 15 G and 15 H are not to be filled in by you. This part has to be filled in by the Bank to whom you would be submitting the form. Please choose the correct form for submission. You have to submit the applicable form in duplicate to the Bank and not directly to the ITO. The Bank would send one to the ITO mentioned by you on the form and retain one for their record. Hence please take a Xerox copy and get the Bank’s acknowledgement thereon.

  109. Ken Nandy says:

    I have Fixed deposit of about 25 lacs in one branch. I do not have any other income. Can I submit 15G and then look at my tax liabilities at the end of year?

    Thanks in advance

  110. Praneet Bajpaie says:

    Hi Benny,
    Form 15G in your case as 15H is required for people who are 65 years and over

  111. surojit dey says:

    please confirm me what is the previous year and relevent assessment year if i put in my 15 g form in april this year

  112. Mohammad Khan says:

    i will be filling and submitting form 15G for the first time in this month which is April 2012, i can fill up most of the fields/columns in the form but i am confused what dates/years to write in blank fields.
    for the previous year ending on_____________ relevant to the assessment year _________to________ will be nil
    that my/our income from dividend etc.etc…………………… for the previous year ending on_____________ relevant to the assessment year 20________to 20_______ will not exceed the maximum amount which is not chargeable to income tax.
    i need your help in filling the form and will be appreciated.

  113. Benny lemos says:

    I am 62 years old. Should I fil up 15 G or 15H form to avoid TDS

  114. Jain BL says:

    Pl. also provide answer below the asked Q to benifit others.

  115. Jain BL says:

    FDR : Rs. 3 Lakh, sum deposited: 5th July 2011, Period is 5/07/2011 to 4/07/2012 i.e. overlaping two financial years
    My Q is how to fill the G15, would it require two G15, one for 05/07/2011 to 31/03/2012 (to be submitted in bank in July 2011) and second for 01/04/2012 to 04/07/2012 (to be submitted in bank in April 2012) . Would the sum deposited date in both the cases be 05/07/2011 ?

    Pl help.

  116. prakash says:

    I have 2 FDR of SBI
    This FDR made on 1998 with rate of interest 11.5% due date 1) 14-10-2014, 2) 14-10-2016
    But the bank has reduced the rate of interest instead of the original rate of interest 11.5% without given information to me, few years ago.
    What should I do?
    Pl. suggest me

  117. sunil says:

    my father is retired from corporation job and they are 60 yrs and they get approximate approximate 18 lakh as retirement benifit. i want to know if they deposit in the bank then interest is approxmite 180000 per year. bur according to rbi tds deduct on more then the interest rs 10000 of interest. and as per income tax income tax exempted upto 2 lac/2.5 lac then please tell me that how much tds deduct by bank or tds can exempted if we deposit required form by bank 15g or 15h

  118. Nagaraj N Nyamati says:

    I am pensioner,getting Rs.23000/- per month and also getting interest from FDs which are in Canara Bank. Interest is around 50,000/-. Bank has already deducted tax as per IT guidelines. Bank also issue TDS certificate as I have not submitted 15 H/15G as my income is exceed the limit fixed by IT dept. Eg. Rs.50000/- interest I am receiving from bank and bank have already deducted TDS as per procedure(IT Dept) deducted Rs.10000/- as TDS.
    Rs.40000/- interest is getting after deducting TDS. My doubt whether I have to include Rs.40000/- as income for this fin.year 2011.12 along with pen amountRs.276000/-. although bank has deducted TDS for the amount kept in Bank.

    Please clarify Sir.

  119. Nagaraj N Nyamati says:

    It is very informative to the citizen of India regarding awareness of Income Tax rules.This web site help who has any doubts could be clarified.Pl accept my apprections and thanks including me.

  120. Anil says:

    My father has done FD of 450000 year ago in March 2011 with Central Bank for one year. His age is more than 62 years. Central bank has deducted TDS on maturity of FD. My father had not filled 15G or 15 H. Can we get that TDS back ? My father do not have any type of other income he is farmer. Can we get TDS back by filling 15 g or 15 h after maturity of that FD.

  121. mendiratta says:

    Are there any exemptions to submission of Form 15 H by senior citizens in 2012 budget ?

  122. viddya says:

    i m grampanchayat servent. how can pay grampanchayat tax amt by online. pls tell me the website address.

  123. Sawan Jasoliya says:

    My friend’s age is 57. He had 70K in his savings account in an SBI Branch. He withdrawn 19K by cheque. He is now not able to withdraw any amount through Cheque / ATM. Bank is asking to submit 15G and other documents. Should he go ahead?

  124. Animesh Das says:

    I’m 36yrs old. My annual income is Rs.2.45lakh. This year I’ve earned extra Rs.20k interest from SECURED NON-CONVERTABLE REDEEMABLE DEBENTURES. The debentures company ask me to submit Form no.15G. Is it right to submit this said form while I’m a tax assesse? Or after submitting this form I’ll seek tax rebate U/S 80C? Kindly advice me.

  125. mmlgupta says:

    i am having fdr ac sb ac ppf ac ,investment in mf and shares for the last 10yrs in india now i have become nre in jan 2012 by virtue of my deputation of overseas office of the company. my total income in india is less than 180000 can i submit form 15 g and continue to maintain these accounts as resident accounts

  126. KULDEEP says:

    Sir, I opened fixed deposits in a bank, in sept 2011.For F.Y 2011-2012 my interest income is below 10000/- Now my question is , when I fill the 15 g form and what period [ Assement Year]

  127. sandeep says:

    my dad (65 yrs)  has invested in FD with the money  which he got after retirement , he does not have any regular income and i support him by giving monthly money. which form 15G or 15 H can he use to save TDS as the income from interest  is not more than 1.5 Lac

    Plz suggest

  128. Milind Sawant says:

    i am a bank officer i want to submit the form 15G and 15H to ITO i have a question that what is to be filled up in the PART II of the form against
    [FOR USE BY THE PERSON TO WHOM THE DECLARATION  IS FURNISHED]

    1 Name and address of the person
     responsible for paying the income,
    mentioned in paragraph 1 of the
     declaration  :

    i.e Customers name and address      or       Bank’s name and address?

  129. SAJAL MUKHERJEE says:

    Sir, my father’s age is 67. I have done 2 FD of Rs.25000/- with SBI which will matured mid of this year. Should my father has to fill form 15G ? if yes, then when?

  130. Shri_biyani says:

    what about society

  131. utpal kenwar says:

    Sir, I am 61 year old retired person. I opened three (3) nos fixed deposits in a public sector bank, for a total sum of 12.5 lakhs in a devided manner (2nos , one each for 5 lakhs , and one of 2.5 lakhs). I have been advised by the bank to fill the form 15g , which will be my first time experience. As I have gathered in these forum , that I have to fill the above form (15g) independently for each of the fixed deposites. Now my question is , when I fill the 15 g form for say, against one particular fixed deposit certificate, then where, and how do I mention the reference of the other two (2) fixed deposits in that particular 15 g form. I shall be very much obliged to get this information.

  132. Satvinder Pal Singh Lamba says:

    Sir, I have retired from Military service on 31 Jan 2012.Till Jan my income was taxable and tax was deducted at source.Now I am in receipt of pension and does not fall in that category, Now I have made FD in SBI and interest of FD is exceeding 10000/-p.a.Am I eligible to submit form 15-G to avoid TDS..Kindly suggest.. 

  133. goutam sarkar says:

    Sir.
         My wife is a housewife.She wish to invest  in SBI as a MIS but the interest is exceeding 10000pa.Can she get tax exemption by filling up form 15G?Kindly advice.

  134. Ashok says:

    How to open the form 16 files in TIN Nsdl

  135. Ashok says:

    how to opne the form 16files in TIN-nsdl

  136. SANJAY KUMAR JAIN says:

    MY INTEREST INCOME FROM BANK FD IS Rs.60,000/- AND OHTER SOURCE OF INCOME IS Rs.90,000/-. BANK IS DEDUCTING TDS ON Rs.60,000/- EVEN I HAVE DEPOSITED FORM 15G SAYING THAT MY INTEREST INCOME FROM BANK FD IS MORE THAN Rs.50,000/-. SO 15G IS NOT APPLICABLE.

    IS IT SO, PLEASE CLARIFY WITH NOTIFICATION.

  137. A. Roy says:

    26th January, 2012.

    I am a Non-Resident Indian working abroad. I have NRE (Non-Resident External) Account in a Nationalised Bank in India. Recently RBI / Govt of India increased NRE – FD interset rates, at par with domestic FD and is declared non-taxable, to attract inflow of foreign funds into the country. In view of this, recently I made an NRE-FD with State Bank of Hyderabad with 9.5% interest. The bank is asking me to submit Form 15 G. I understand that form 15G is only for residents, for TDS exemption. I do not understand the need for submitting form 15 G, when NRE-FD interest has been already declared non-taxable and whether form 15 G is applicable to Non-residents. I request you to send me a clarification with necessary document support from Income Tax department, which I can show to the bank. Thank you.

  138. Navdeep Singh says:

    Sir I have work job my Annual Salary is 120000 But I save Some Money Monthly in RD Rs-500 .The RD Company was deducted Tds on Interest But My Annual salary not 180000 per year Plz Send This Answer

  139. santhosh says:

    hi my gross salary 192900 per anna, can plz that should i underfiling Income Tax return & Form 16.

  140. ASHOK SAGGAR says:

    In case a depositor is having 5 deposits with a particular bank branch then how many 15H forms he is required to submit. One 15H can serve the purpose or 5 15H has to be deposited with the branch. Please clarify.

  141. Ajit says:

    Hi,

    I was not aware about TDS on interest of fixed deposites. Now after maturity of FD’s i got the interest after deducting TDS. Is it possible to recover this TDS if i submit form 15G after maturity of fixed deposite??? Pls revert

  142. S.B.satpathy says:

    If the lone source of earning is interest from Fixed Deposits & a person earns 50000 form interests. wll he be taxable

  143. Ramesh Suri says:

    I would like to reply to Mr Suryakant Surve’s query. As per ICICI Bank tax expert, the IT Comissionor has informed them that since the age has not been changed in the section 197A for the AY 2012-13 the form 15H can be submitted only by people of age >65 years.
    Tax Guru spcifies it as applicable for people for age >60 years.
    Tax guru has to take a call or help get the amendment done by the Government.

  144. GR RAMYA says:

    if we give 15g and pan number .we paid any tax?

  145. RAKESH says:

    How much amount to be invested u/s 80C to save income tax of Rs. 5000/- for Individual.

  146. suryakant surve says:

    Dear all

    Please clarify on the issue of form No. 15 H. as you mentioned in the above the age limit been reduced to 60 years from 65 years of person who can issue Form No. 15 H, how ever the form you have attached in this site still showing age of 65 years? and also please note that in the Income Tax and Rule the age limit is mentioned as 65 years?

    Regards

    Suryakant surve
    9820835278

  147. Saptarshi Duari says:

    I am a Govt. PSU employee and I have invested Rs. 40000/- in the 5 yr Tax saving Fixed deposit in a nationalised bank. My question is that, whether it is necessary to submit Form 15 G every year? My salary account is in the same bank, where I have invested.

  148. PREETI GUPTA says:

    Sir i am an NRI AND WANT TO MAKE FIXED DEPOSIT OF RS 45L , I HAVE ONLY INCOME FROM FIXED DEPOSITS . SHOULD I FILL FORM 15G TO AVOID TAX DEDUCTION AT SOURCE.

  149. Teresa Soren C/O says:

    18.11.2011
    Sir, I am 34 years old, I am working as Domestic help. Over the years I collected Rs.40,000/- and deposited it in Fixed Deposit in IOB. (accumulated interest) The FDR shall mature in October 2012. My Income is Rs72000/- per annum.
    Please advise
    1) Do I have to pay any TDS (Bank shall deduct TDS)
    2) Which form/s should I fill up to save my TDS, as I do not pay any income tax.
    3) Do I require o PAN Card?
    Regards.
    Teresa

  150. Nandu says:

    In some banks are refused to accept the Form 15H for customer who is a age of 62. They informed to customer to submit the form 15G. So kindly explain if there is any new form has been issued by IT department for the age of 60 and above or IT department has change declaration in Form 15H.
    In case the ITD has issued new type of form or amendment done in the Form 15 H. kindly share same to me.

    Thanks in advance……….

  151. Bhavin Sanghavi says:

    We are having one trust of flat owners and have deposited fixed deposit of Rs.2.50 lacs in bank. While receiving interest on fixed deposit, TDS is deducted by the bank. We don’t have any other income. Kindly let me know which form i required to submit for TDS exemption.

  152. burchwood says:

    we have a tds deductor. from the last quarter, we have received a form 15G from one of an assesse. after accepting for 15G, were we give this for submitting income tax & as deductor, what is the procedures on form 15g. submitting, I mean like, i.e TDS returns for NSDL. form 15G for…

  153. hemant says:

    what if this person does an investment of 100000 under 80c does this will be considered and total interest can be 2.6 lakhs without TDS.

  154. rajen tolia says:

    For the financial year 2011-2012, my son’s(aged 28yrs) total income is expected to be Rs190000 and after deduction under Sec80C it will be about Rs 90000. Is he eligible to submit Form 15G?

  155. Brikito says:

    You should fill up for 15H and 15H. because a FD is not her income but only the interest on FD. So pension of Rs 12000 per year and interest of Rs 25000 per year are altogether less than Rs. 1,90,000.
    The forms must be filled every year and dposited ith the bank.

  156. naik v r says:

    whther charitable trust not working for profit are eligible to submit form 15g so that they can save from tds and by obtaining TDS certificate they will file their annual return

  157. Antony says:

    My 62-year-old aunt, who is unmarried and has no children, lives alone and she is a retired teacher. After 35 years of service in private school, she gets a monthly pension of Rs.1000. She has a total lifelong saving of just 2.5 lak rupees deposited in an FD. Other than Rs.1000 pension, the interest from FD is her only source of income. The bank has deducted TDS from this interest also. How should poor people live?? The rich govt and rich bank employees are drinking poor people’s blood.

  158. Niladri Goswami says:

    My mother(73yrs)want to invest a total of Rs-7-lakh to a bank @10.25% in the sctzn scheme.Her total income for a year will come from the interest.My question is
    (1)can she deposite the total ammount in one bank?
    (2)any necessary to create a income tax file?
    (3)have to show her total welth(like house,gold)
    (4)when a 15H form submitted-can the bank deduct tax (TDS)
    She has a pan card.

  159. Dheeraj Grover says:

    Submit it immediately after opening an FD (technically it should be submitted before first interest is paid to you by bank, generally quarterly i.e. 3 months) and thereafter within first week of April every year untill your FD matures.

  160. haresh shah says:

    i have trustee one jain temple trust fd one bank rs.1500000, bank say tds deduted your a/c . i submit to 15g, but bank not accepted the form . yealry income trust rs.150000/- what rules 15g /h
    thanks reply to me my emaail id haresh_32@yahoo.com

  161. mohini says:

    I want to know if anyone does not come under income tax scenario and get more than Rs.10000/- as interest on his/her FDRs then TDS will be deducted or not? a bank official told me that more than Rs.10000/- TDS will be cut either anyone does not come under Income tax scenario. tell me the right answer

  162. mohini says:

    for assessment year 12-13 you should submit the form 15g or 15h on april 12, a year before and check it on every march of that year here it is 2012. By doing this you can save TDS amount if u not come under income tax scenario.
    for refund you should file IT return with refund option.

  163. Mehul Nagda says:

    Dear Sir,
    I have some FDs in my Grandmom`s and my name.The TDS has been deducted on the interest accrued on them,but the Tax Credit as shown in Form 26AS is shown in my name.Please tell me as to what should be done now as I want to file ITR to claim the TDS.Please Help me.Thanks

    Your`s Faithfylly
    Mehul Nagda
    8989718278

  164. R.K. AGRAWAL says:

    DEAR SIR,

    A SOCOEITY REGISTERED UNDER THE SOCIETIES REGIATRATION ACT AND REGD UNDER SECTION 12A OF THE INCOME TAX ACT ARE ENTITILED TO FILE FORM 15G TO THE BANK OR NOT

  165. mahesh says:

    hi

    one my friend has sell falt in india now he is staying Canada (country) now he need to transfer amount to his a/c to Canada (HSBC bank) on his father name his age is 65 now he want submit 15g and 15h from so what is formalities for the further process

  166. Chetan A.Khandheria says:

    Dear Sir,

    Tks. for your information, however, kindly let me know the last date of submiting the form 15G to the bank, in order to be free from paying TDS and then getting refund of the same.

    Rgds, Chetan A.Khandheria

  167. shrivatsa says:

    sir
    i have shown my savings as a Fixed deposit of Rs 100000 for the period 6yrs under 80C in SBI. considering this my income tax has been generated. Since this amount is permissible under 80 C . what is the need of filling 15G ?

  168. Swathi Reddy says:

    sir,

    Thanks for the information sir.this post helped me to get perfect information on 15h and i had solved my problem.Comments are very helpful.

  169. shyam Thakur says:

    http://taxguru.in/income-tax/download-know-and-faq-on-form-15g-form-15h.html#comment-428035

    please check the following link i think that will solve your problem.

  170. shyam Thakur says:

    Form 15G and Form 15H for fixed deposits
    Form 15G and Form 15H are used for averting / reconciling the TDS deduction on interest earned during the financial year on fixed deposits in Banks. Below is the explanation as to how it works.
    How these forms works & and what is their purpose
    In routine banking process, the Bank will deduct tax at source on the interest earned on Fixed Deposits, if it is above Rs. 10000 Per Annum. The TDS is deducted at the rate of 10% (w.e.f.1-4-2010 If PAN will not be furnished then TDS will be deducted @ 20%). Hence to get the income tax refund, you have to file the income tax return. To avoid this process, you have to declare that you have not any taxable income. The main and only purpose of these forms is to submit declaration in writing in duplicate that there is not tax payable on his total income. In this case the payer shall not deduct any tax at source.

    Form 15H must be used above 65 years old individual.
    Previous year income should not be taxable.
    Form 15H should be submitted before the first payment of interest on fixed deposit.
    Form 15G
    Form 15G is same like Form 15H difference is only that form 15G is for every individual below 65 years of age

    The duty to submit these forms with assessee before end of the financial year or first payment of interest whichever is earlier.

    The payer is under an obligation to deduct tax until the declaration in Form No. 15 G/15H is received and in the event that such form is not received till the end of the financial year, the failure to deduct tax amounts to violation of this section.

  171. Manas says:

    Hello!!!!
    please can anyone tell me what is the provision related to form 15G & 15H for banks?
    when the banks are required to submit these forms to income tax department???

  172. TMS Narayana says:

    I am 62 years old and having other income (business0 in addition to interest on Deposits.The TDS deducted from my business income is more than my tax liability.
    Hence I am claiming refund every year which takes more than 18 months at present. In order to reduce my refund claim, can I submit Form-H to bank so that the TDS is redused since I am already paying tax more tahn the tax I am supposed to pay?

  173. Surendra Prasad says:

    Sir,

    I am 70 years of age. I have been taxed by SBI on their FD’s inspite of submitting 15H form. Please inform me of the limit for which their is no TDS for senior citizen with no other source of income

    Thank You

  174. Rukmani.G.Nair says:

    I am 61 year old senior citizen and working. My income comes below Rs.250000.
    But I have some fixed deposit receipts which have interest above Rs.10000.
    To avoid TDS, please advise wheter I can submit form 15G

  175. Rajesh says:

    Good Evening Sir,

    I had a Fixed deposit of Rs400000/- in State Bank of India, while getting the Fixed deposit i have submitted the Form-15G in year 2004. Those fixed deposit has expired recently and the bank has hold an amount of Rs18000/-, when we have enquired regarding that they are saying they have hold that as TDS. But instead of giving form15g why the bank is holding that amount ? How can i get that Rs18000 from bank? Can u please help me out sir..?

    Regards,
    Rajesh.

  176. Bency says:

    I have a joint acct with my wife & and has an FD. I am an income tax payee but my wife is not as she has no income. Can she submit Form 15G so that TDS on interest on the FD is not deducted?

  177. vipul says:

    FORM 15G AND 15H IS DOWNLOAD BUT NOT OPEN IN WINZIP…PLEASE GUIDE ME HOW TO OPEN.
    MESSAGE CAME ” CANNOT OPEN FILE”

  178. Basavaraj says:

    Only Individual & HUF can submit Form 15G. Others can’t submit.

  179. M. Lakshmanan says:

    Very Good Article

  180. v.s.mahadevan says:

    sir,

    it is not bank,it is branch for TDS purpose.In your case if the total interest does not exceed 10000/-in a financial year(taking all depoosits in the branch except Savings and RDS),the bank can not deduct TDS.There is no need to submit form 15G.

  181. v.s.mahadevan says:

    sir,

    if you are going to deposit by keeping your name as first,you will be entitled to submit 15 G if you fulfil the following conditions(assuming you are a resident)
    1] you should have PAN
    2] you total income (including the interest) is Rs 180000 or less
    3] the total interest does not exceed Rs 180000/- in all deposits with that Branch
    mahadevan

  182. v.s.mahadevan says:

    sir
    your answer”Form 15H can be submitted only by Individual above the age of 65 years. (Age limit reduced to 60 Years from A.Y. 2012-13)
    kindly check up whether the age is rteduced to 60 for AY 2012-13.This is reduced to 60 only for tax exemption limit to Rs 250000/- and not for any other purpose.
    i will be glad if you clarify

  183. Prakash says:

    Dear Sir/Madam
    My name is prakash
    I have question regarding form 15G & 15H
    I was in USA, UK, & CANADA before and I worked there for 7 year but now I return to India and I and my family have Indian nationality, we have 80 lakhs in our Indian saving account.
    Now I have following 3 question that
    1. I want to make FD of 20lakhs for my name(My age below 60) and FD of 20lakhns for my wife name (her age also below 60) so total 40lakhs FD but want to split in 20-20 laths because of below tax limit. I & My wife do not have any other income.
    SO CAN I FILL FORM 15G FOR MYSELF AND FOR MY WIFE?
    So there is no deduction of TDS and income tax.
    2. Other question is that I want to make another 20-20 lakhs FD for my father and mother name, they are above 65.
    SO CAN I FILL FORM 15H FOR MY PARENTS?
    So there is no deduction of TDS and income tax.

    3. So in total I want to make 80 lakhs FD on that I can get as per example 8% interest per year
    So can I get 6, 40,000 interest per year without deduction of TDS and Income tax?

    Can you please reply to my mail id prakashbabu1980@yahoo.com

    Thanks

  184. rajesh says:

    I WANT TO MAKE FD OF 20LAKHS FOR ME AND MY WIFE.I DO NOT HAVE ANY OTHER INCOME AND I AM BELOW AGE OF 60. CAN I DEPOSITE FORM 15G TO AVOID TDS AND INCOME TAX ,SO CAN I GET FULL INTERST ON MY FD WITHOUT DUDCTION OF TDS AND INCOME TAX

  185. NITESH says:

    There is no Perscibe Date For Submission Of Form 15G AND 15H, Accroding To provisoin we have need to submit before FIlling Of TDS return i.e

    15th july
    15oct
    15jan
    30th april

  186. sistasrinu says:

    Sir,

    A trust is having exemption U/s 12A whose objects are charitable in nature.
    They are having only interest income from deposits. And also the gross interest does not exceed Rs. 100000/-. Is it correct to submit Form 15G to the Bank for not deducting TDS in the case of Trust. please clarify.

  187. Article very helpful.

    Unfortunately none of the Form 15 G or H word or excel form are readable. They are gibberish machine language.

    Please provide downloads in accessible formats. Would be obliged if you can email them to me.

    Regards.

  188. K.L.MITRUKA says:

    clarification of agriculture land and urban land for tax purpose and distance of municipal area and city dividation

  189. S. SIVARAMAKRISHNAN says:

    WHEN AN ASSESSEE FURNISHES HIS PAN NO. AND HE HAS PENSION INCOME AND INTEREST INCOME FROM DEPOSITS, THE DEDUCTOR OF TAX RECOVERS TDS ON THE PENSION, CALCULATED BY THE PENSION PAYING AUTHORITY AND AGAIN THE BANK BRANCH RECOVERS TDS ON THE DEPOSIT INTEREST. INSTEAD OF RECOVERING THE TDS SEPARATELY, WHY SHOULD NOT A SOFTWARE BE THOUGHT OF TO RECOVER TDS ON THE AGGREGATE INCOME ON THE STRENGTH OF PAN NO. INSTEAD OF RECOVERING TAX AT EACH POINT. THIS WILL AVOID LOSS OF TAX TO THE EXCHEQUER, AS WHEN TDS IS DEDUCTED SEPRATELY, EACH TIME THE TAX IS CALCULATED FOR THE AMOUNT ABOVE THE EXEMPTION LIMIT ONLY AND THE TAX PAYABLE GETS REDUCED.

  190. ANIL JAIN says:

    my clint interest income rs. 8000 from FDR in bank (AY 2011-12 )he was not submitted PAN and from 15G dose bank debucted TDS or not because his income is less than Rs 10000

    anil jain

  191. Kunal says:

    Respected Sir, I need to know my father have been working in Association of Person – Green Park Association. The association did not filed any income tax return and they have some Fixed Deposit in Bank. But bankers said society have to deduct tds from bank interest. Can they have to submit 15H along with pan card? and bankers said we can not accept 15H without Income Tax Certificate. So in this condition what should we do?

  192. CA D.A. SALUNKE says:

    FORM 15G CAN BE SUBMITTED BY ANY INDIVIDUAL OR PERSONS (EXCEPT COMPANY AND FIRMS) WHO’S TOTAL INCOME INCLUDING INTEREST INCOME IS BELOW THE BASIC EXEMPTION LIMIT. A PERSON NEEDS TO HAVE A PAN CARD BEFORE SUBMITTING THE FORM 15G.

  193. AKRAM says:

    Dear Uncle,,
    Untill and unless the next circular from RBI to banks does not come the prevailing previous 15H form for above 65 yrs and 15G for below 65 yrs age indivisual continued to be in force…so,,,till date the same circular has not come…

    despite of this you suld once asks your banker for the same to be confirm…

  194. AKRAM says:

    As per income tax rules, any person not having PAN card can’t claim for any exemption on TDS and so even you submitted the 15G form,,it won’t work and the TDS will be deducted with 10% penalties above and over actual TDS. so in ur case u should hv to 1st apply for PAN card and then submit 15G form to avail the benefit of exemption from I.T deppt.

  195. Krishna says:

    Sir,

    I don’t have PAN and I m an housewife. I have openned an RD Account in Sahara India and invested Rs. 36,000/- (Rs. 600/- per month). Now on interest amount has become Rs. 6,000/- on which they are saying to deduct TDS. But, I don’t have any more income apart from that. I consulted to a Tax consulted he has told me to submit a declaration in Form 15G. But, I don’t have my PAN. Could it possible to submit that Form without PAN……….? Please confirm.

  196. krishna says:

    Association of person can avail Form 15 G for avoiding tax interest on Fixed deposit

  197. Prashant says:

    Dear Sir,
    Please let me know the due date for filing of Form 15H & Form 15G(which are received from Depositors) to the Income Tax Department.

    Please do needful.

    Thanks & Regards,

    Prashnat

  198. NC Mistry says:

    After reduction of the Senior citizen age from 65 years to 60 years, what form, 16G or 16H will be applicable for a person below 65 years and above 60 years of age?

  199. Varsha Thamke says:

    I am a Special Assistant Public Prosecutor on daily wages of 700/-Rs. per day only on working day.Am I liable for TDS?

  200. AIRES says:

    WHAT IS THE MAXIMUM LIMIT FOR INTEREST EARN ON F.D.s TO AVAIL EXEMPTION OF TDS DEDUCTION, UNDER FORM 15 G DURING THE FINANCIAL YR 2011-12, FOR RETIRED PERSON .

  201. VIPIN ARORA says:

    Hi ,
    my income for the financial year 2010-11 is below the exemption limit , I invested in some bank FD’s for which TDS was deducted by the banks and TDS certificate given, can i get the refund for the TDS deducted ?

    Thanks

  202. kuldeep says:

    Q. i have rental income which is liable to tds @10% so whether i am eligible to file 15H for lower tax deduction.??

  203. Harbinder Singh says:

    Sir,

    I am not sure to how fill form 15h. I am having only a few bank fdrs in two banks I am sure what details of investment I have to fill. Please help me by an example of filled form for two to three fdrs for any nationalized (SBI) bank.

    thanking in anticipation

    Harbinder Singh

  204. Gopal says:

    Dear Sir,
    I am an NRI. Can I submit form 15g to the bank to avoid TDS on interest earned in my NRO account. Else, please let me know any alternative way to avoid TDS as I have no taxable income and submitting I.T.Reeturn for a refund is not cost effective. Kindly reply.
    Gopal

  205. Santanu says:

    Sir,
    Please clarify my following queries:
    1.I am working as a Consultant Engineer in Merchant navy on contract basis.Please tell me what is my tax liabilities?and how it can be reduced.For information my income is in the slab of 31.5%(including other surcharge etc.)
    2.At present scenario banks are providing 9.25% annually so in that case for Rs100000/- Fd the interest amount is Rs9250/-.So how much amount bank will deduct on maturity…Rs925/-? that is the 10% of the interest accrued? if no 15G form is submitted?
    3.Whether I can submit 15G form(my age is 45yrs)
    What are the other ways I can save maximum IT and how much?
    Awaiting your valuable comments point wise.
    Thanks in advance…
    Santanu Lahiri

  206. ketan says:

    Hi, I would like to invest sum of rs.50000/- approx. in private co. fd.on which tax liabiitiy should come, on the contrary my income is non taxable please guide me. I am fiing my return regularly but I dont want tds ka lafda.

  207. shephali agarwal says:

    senior citizen age is 60 yrs as declared by the govt.in budget 2011(earlier it was 65). my query is that a individual having the age of 60 yrs to 65 yrs should submit 15g or 15h for no tds.and whether housing socities trust &associations can submit the 15g form for no tds

  208. pradeep says:

    Sir
    Fixed deposit in BANK is in the name of GRAM PANCHAYAT, can SARPANCH fill form 15g/15h and submit his PAN NO to avoid TDS

  209. gaurav singh says:

    sir m a student..in 2006 my father had passed away.i hav got 200000 lacs rs of his P.F.at that time due to lack of knowledge i hav fixed that amount in state bank of india on my mothers name.now the fixed deposit is going to mature in april.we didnt have submitted any form 15g and my mother had not any pancard.now m going to break that deposite after maturity.bank staff said dat u hav to get that money after deductng of tax.can u tell me i cant save that tax money now..the maturity date is on 20 th april.

  210. soumen sen says:

    i have last it return submit fy-2007-08,because i have those time unemployed & no income, only income from bank interest. now i currently service in pvt.firm .my qus. is that i have still date no it return submit,but 15g submit every year to bank avoid the tds in interest & i truly declare that my income tax is nil. any problem in future? kind help me.

  211. Amar says:

    Dear Sir,

    What is last date subimmeted of 15g & 15h form to income tax dep.

    Thanks

    Amar

  212. A WAHID says:

    Neelu,

    15G is for claiming excemption from TDS on intrest amount and hence not applicable. However there is provision from claiming exemption of referred source of income and i think it is sec 197 and it is not voulntary, you need to appy with IT authorities and get the certificate and submitted to the tenent for not making TDS.

  213. Neelu says:

    Dear sir
    my income from an investment in property is 2,40,000 p.a. paid monthly by the builder as Rs. 20,120/- p.m.
    I have no other income and during the last financial year also i received the same amount and my tax paid was NIL, as i did some savings under section 80D.
    Whether i can file form 15G for avoiding TDS?

    Thanks

  214. jk says:

    My relative is 62 years. He has deposited his saving and earned 2lac intrest on FDR.
    Bank has deducted 10 percent on total ammount.Is that correct Tax deduction and what is IT direction on such cases.How to recover money deducted by bank.Need your guidance.Thanks

  215. Chandan Kumar Jha says:

    Dear all,
    pls send me the example of how to fill the form 15g & 15H.

  216. K. Prakashchandra says:

    I have 2 SCSS deposits in one post office . The annual interests are 63000 and 7200.Should I tender two 15 G forms ?And I want to open another account with a deposit of 60000. The postmaster says that to open the account I should give another form 15 G

  217. Dilip Hate says:

    Dear Umesh
    By submitting 15 G Bank will not deduct TDS how ever ur mother will either have to pay I.T.
    or invest in Tax saving instruments like PPF or other.but now she will have to file I T return which is mandatory once income crosses 1.9 lacs.
    Hate

  218. Umesh says:

    Hi Sir,

    My mother getting pension, which is above 1.9lack from SBI bank.
    Now in BOI we did 2 lack FD and fill the 15G form as one of bank officer suggest us.
    Now what should we do?
    plz suggest.

    Thanks

  219. kunal jain says:

    MY QUESTION IS:

    WHAT IS THE STATUS OF FORM 15 H IN REVISED DIRECT TAX CODE ? WILL IT STILL BE AVAILABLE TO SR. CITIZEN AS WELL AS NORMAL TAX PAYER BY 15 G ?

    THANKS

  220. Kumar says:

    My father is Senior Citizen (63 year old) and I would like to find out what’s the maximum principal amount he can FD and still submit Form 15G? He has no other income. Assuming interest rate in FD as 10% per year for 3year FD, is the maximum 24 lakhs to be eligible to submit Form 15G? So that he he within 2.4 lakh limit.

    If he opens three 8 Lakh FD, is it better to open in three different branches or it doesn’t matter?

  221. sujay paul says:

    i want to know about that what is the maximum amount limit to be invested in indian national and private bank in s/b for not to be deducted any taxes..???

    please reply it will be help for me..

    thanking you,,

    from,
    dr. sujay paul
    sujay.trp@gmail.com

  222. D.B. Saxena says:

    I am 61 years old person, retired from Corporation where no pension scheme apply. In F.Y. 2010-11, i have no received from my ex-employer but in Jan. 2011 arrears from last 14 years will be received and arrear amount expected Rs. 250000/-. But employer deduct TDS on arrear by 10%. Can i exempt from TDS and in this year i invest Rs. 75000/- on LIC. Please suggest can i submit Form 15G for non deducted of TDS.

  223. assuntha says:

    Do i have to pay tax on the interest earned on fixed deposi, Is there a limit of Rs. 10,000/- per year on interest earned above which the amount will be taxed?

  224. suhas sawant says:

    SORRY if I have to put 50 THOUSAND fixed deposit how much interest will have to bare and that 50 THOUSAND will be calculating as a income for the existing year. Please advise

  225. suhas sawant says:

    my age 22.
    if I have to put 50 THOUSAND fixed deposit how much interest will have to bare and that 5 lakh will be calculating as a income for the existing year. Please advise

  226. Kiruthiga says:

    I have an FD of 5 lac with SBI.
    There is TDS deduction for the FD interest every month.
    However it gets reveresed into my savings bank account.

    Do I have to file the tax deductions for the interest on my own?

  227. KIRIT DESAI says:

    MY QUESTION IS:

    WHAT IS THE STATUS OF FORM 15 H IN REVISED DIRECT TAX CODE ? WILL IT STILL BE AVAILABLE TO SR. CITIZEN AS WELL AS NORMAL TAX PAYER BY 15 G ?

    THANKS

  228. Suchita says:

    i am working in educational firm. educational tds deducted yes or no.

  229. rakesh says:

    i have a question.
    i am a student and my income is absoultely ZERO.
    but i have invested FD with the money i get from my dad.
    and now the interest has reached above 10k and it is applcable for TDS.
    can i give form 15g to avoid TDS?
    if i submit form 15g should i have to file income tax returns the next year?

  230. krajani says:

    Last month 23-AUG-10, MY FATHER IN LAW REGISTERED TWO ACRES LAND TO MY HAUSABAND. Remaining daughters are signed at the time registaration Now he is trying to cancel the registaration. Is it possible to cancel?

    That land belongs to My hausbands grandfathers property not his fathers property

  231. yogesh says:

    I’m a retired person and now my agricultural land is acquired by KIADB so i got compensation for that. if i may keep my money in a bank for fixed deposit is there chance to tax deduction on source. i heard that compensation money is a tax exempted is it right?

  232. yezdi says:

    CASE – I

    Interest Income from Cos’ FDs - Rs.1,65,000/-
    Interest Income from Sr. Citizen Savings Scheme -Rs.1,35,000/-
    Total Income = Rs.3,00,000/-
    Taxable Income Rs.3 Lac – Rs. 1 Lac u/s 80C – Rs.1.60 Lac. = Rs.40,000/-
    TDS Rs. 13,905/- will be deducted by bank.

    Where as Actual I-Tax liability is Rs.4,120/- only.

    CASE – II

    Instead, if I submit Form 15G to the Bank for Interest Income of Rs.1,35,000/- and avoid TDS deduction of Rs.13,905/- but at the same time still I take it into account Interest Income of Rs.1,35,000/- as below while calculating my Total Income then,

    Interest Income from Cos’ FDs - Rs.1,65,000/-
    Interest Income from Sr. Citizen Savings Scheme Rs.1,35,000/-
    Total Income = Rs.3,00,000/-
    Taxable Income Rs.3 lac – Rs. 1 Lac u/s 80C – Rs.1.60 Lac. = Rs.40,000/-

    And, I-Tax liability is Rs.4,120/- only.

    Hence, I prefer to go by Case II but may I lawfully permitted to pay only the actual Income Tax applicable Rs.4,120/- instead of first paying more I-Tax Rs. 13,905/- by way of TDS as per Case I and then claim for the Refund ?

    Please advise.

  233. POONAM says:

    I have a hsg property bought by me in 2007 nov.It costed me 29 lacs then.However now i wish to sell the property in 2010 sept.I am working for an indian based software company and am in usa for a project since the last 1 yr.I am considered to be an nri by law even though i would be returning to india shortly.

    I wish to know how could i get a tds tax waiver.do i need to approach a ca or can i do it myself

  234. total income including fixed deposits says:

    total taxable income for induvidual
    on salaries and fixed deposit

  235. Gowri Nagarajan says:

    I am a lady aged 63 years. I have an annual income of Rs. 4 Lacs, almost all from Bank deposits. Considering the current incometax slabs of “1.9 lacs- No Tax and Up to 5 Lacs 10% tax”, my tax commitment for AY11-12, works out to only about Rs. 21,000. As banks are deducting 10% TDS on all interest income over Rs. 10,000, I end up paying Rs 40,000 as tax through TDS. Can I give From-15G to avoid avoid excessive TDS? Can some body help me on this?

  236. Reena says:

    Your link to download 15H is invalid or corrupt. If you download and open the 15H forms, it gives error. Please check and correct.

    Thanks.

    Download Form 15H in word Format
    Download Form 15H in Excel Format
    Download Form 15H in PDF Format

  237. Avnish says:

    I have read the entire article.
    However, I find you have nowhere mentioned if Non-residents can also file form 15G.
    I am a non resident and wish to make FDR of Rs 10 lacs @ 7.5% rate of interest. Since that is below Rs 1.60 lacs exemption limit, can I, as a non-resident, file Form 15G?

    Thanks and best regards.

  238. MALLIKARJUN says:

    hai
    I am running business in that we are doing job work, if i will submit the form 15G or 15H for non deducting of TDS

    please carifiy the above details

  239. jayant says:

    what are the consequences of wrong fiing of form No. 15G/15H?
    some deductors are not filling Part II of the said form. what are the consequences?

  240. Himaghnya B says:

    I had 2 Krishna Bhagya Jala Nigam Bonds which had matured way back in 2006. However, I forgot to re-deem the same. And, now when I applied for redemption, a tax of around 15% was deducted at source and I received the remaining money finally. Please let me know as to what needs to be done to re-claim the same amount using the 15-G Form. As in, where will I find the form and where do I need to submit the same?

  241. m c agrawal says:

    no

  242. prashant b says:

    Hi, I am a bank employee, I wanted to know
    - Whether a trust can submit form no 15g for getting tds exemption benefit on ‘interest earned from fixed deposit’?

  243. ASHOK DADHWAL says:

    Can Bank refuse to accept 15h in case declarant states in col. 4 that his total income for the next assessment year i.e 2011-12 will be nil. Bank official is insisting that in col. 4 declarant is supposed to declare that his income for the previous financial year ending 31 march 2010 relevant to AY 2010-11 SHOULD BE nil. WHAT IS THE CORRECT POSITION?

  244. Leena says:

    I am working & below the age of 65 years, can i submit FORM 15G to avoid tax deduction? I fall in the tax bracket, so can i submit the form 15g?

  245. SURESH BABU says:

    I HAVE DEPOSITED RS. 01 LACS IN DEBENTURES OF NON-LISTED PUBLIC COMPANY. WHICH FORM I SHOULD SUBMIT FOR CLAIMING TDS EXEMPTION I.E., 15G OR 15F. PLZ ADVICE

  246. Sam says:

    I work in an IT company in India and is working on an assignment (1.5 yrs) abroad. I have done some FDs in a nationalized bank recently from savings money earned outside India. Is the interest earned from these FDs taxable? Do I need to fill in 15G to avoid tax deduction by the bank.

  247. ya says:

    form 15G submiission last date of a.y.2010-11

  248. kaycee says:

    I am an NRI, resident in India for < 180 days in every previous 6 years & intend to be NRI for the coming 5 years, with similar <180 day/year stay in India. Out of past Indian income, I have FDs in Indian Rupees maintained with PSU banks (the interest from which in a year will be of the order of Rs 1,20,000). The total (such) FD interest income plus other Indian income put together is expected to be less than the exemption limit of Rs 1,60,000 in AY2010-2011. I am a male individual & non-senior citizen. Can I file Form15G and avoid tax being deducted from source? Is it legal to file Form15G? Are NRIs by law not allowed to file Form15G/Form15H to avoid TDS on earnings from their Indian corpus?

  249. Irshad says:

    Hi Raagva,

    My mother had made fixed deposit and the interest (2.5 Lks)crossed her income tax exemption limit (1.8 Lks). So she opened the SCSS for amount (75K) to avail 80C benifit.

    She have a/c in SBI bank and the given 15G form too. But still their system will deduct 25K (20%-without PAN) as tax from her interest earned from fixed deposits. And the bank asking to file for return from IT.

    Is it not possible to the bank that they accept 80C proof and stop their system to deduct tax?

    Does my mother need to file IT return to get the amount back ? She does not have PAN card. Is it possible to file return without PAN card?

    Regards,
    Irshad

  250. Prakash says:

    Hi,

    Recently I had been to SBI at Bangalore. As per new finance bill, while submitting form 15G or 15H, you need to provide your PAN number if the interest is considerable. For example, if your deposit saving is above 60K, there is a possibility of TDS. However having PAN number doesn’t mean you need to file returns or pay income tax. In case if the Bank deduct TDS, inspite of providing form 15G/15H, which they are not supposed to, PAN helps you to file the returns claiming you are well within taxable limits and you can get back the TDS amount with interest if there are any delay by IT department.

  251. CA Sandeep Kanoi says:

    You can download it from the link given in the post and Print and use. You need not to buy from anyone.

  252. vinod says:

    my name is vinod my doubt is that can we download the form 15g from the internet and use it or we have to buy it from the retailer

  253. jaspinder says:

    DEAR SIR,
    MY QUERY IS, CAN A PERSON WHO HAS SUBMITTED FORM 15 G DURING THE FINANCIAL YEAR CAN ASK HIS BANKERS TO CANCEL THE SAME WITHIN THE SAME YEAR.
    THANKS

  254. Kannan says:

    Dear Sir,

    Often the family funds are deposited in the name of the senior citizen,(jointly) of the family for extra interest.

    2. Whose PAN number should be furnished , where the first holder is ‘ senior citizen and the second holder is the owner of the funds.

    3. The senior citizen and the ssecond holder are mother and son, respectively. The same question applies for funds deposited by brother/sister/daughter-in-law of the senior citizen where the funds are owned by the second holders only.

    thanks.
    Kannan

  255. SHARAD K.KASAT says:

    IN CASE OF COMPENSATION AGAINST MOTOR ACCIDENT, COMPENSATION AMOUNT RECEIVED ALONGWITH INTEREST AMOUNT IS MORE THAN Rs.50000/-. IN THAT CASE INSURANCE COMPANY WANTS TO DEDUCT TDS . WHEREAS THE INTEREST AMOUNT IS FOR LAST 4-5 YEARS TOTAL.
    WHETHER IT IS COMPULSORY TO DEDUCT TAX BY INSURANCE COMPANY?
    IS THERE ANY REMEDY TO NOT TO DEDUCT TAX FROM SUCH COMPENSATION.
    PLEASE ADVICE.

  256. Ours is an educational Trust Registered U/s. Section 12AA. In the Finacial Year 2002-03, our case for valuation was referred by AO to DVO. The valuation has been challanged by the Trust in appeal. The appeal is pending. Now during the current year the AO wish to again refer the case for valuation to DVO. Since Financial Year 2002-03 till financial year 2006-07 all the assessment were completed at NIL income as application were more than 85%. Can the Ao again refer the matter to DVO and if so what should be the remedy left to Trust. It is puerly an educational Trust. Kindly reply as early as possible.

  257. JAI KUMAR AR says:

    I have FDs at PNB Bank and now they are asking for fillup form No 15G. I am a serving soldier and income tax is applicable for me or not.
    If applicable, the tax will be charge on the capital value of all FDs or the total interest accumulated for the year on the whole FDRs.

  258. mnatarajan says:

    what is the last date for submitting form 15G to IT dept. and the penalty if not submitted within time allowed

  259. anandakumar says:

    I am coming under 10% Tax where I am paying and I am a permanent employee in a private organization. my age 28.
    if I have to put 5 lkh fixed deposit how much interest will have to bare and that 5 lakh will be calculating as a income for the existing year. Please advise

  260. Deepak sharma says:

    I am running a business. and i am liable to deduct the TDS on Interest. Now I got a 15 G form for non deducting of TDs on Interest. But what is the last date for depositing the same to the Income Tax department .and if it is not submitted within the time peried allowed by the Department then whats the penality .

  261. Deepak sharma says:

    I am running a business. and i am liable to deduct the TDS on Interest. Now I got a 15 G form for non deducting of TDs on Interest. But what is the last date for depositing the same to the Income Tax department .

  262. Vijaya says:

    Question: Recently (in Dec 2009) the bank authorities of a nationalized bank had posted a notice to the effect that TDS will be deducted at source for any accrued interest exceeding Rs. 10,000 irrespective of the submission of 15G or 15H forms. The deducted tax was to be refunded by submitting a claim to the IT dept based on the applicable tax rules. Please confirm reg the same.

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