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.
Page Contents
A. Form 15H
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)
- Tax calculated on total income should be NiL. The assessee can submit 15H, even if the interest income exceed basic exemption limit, provided the tax paid on total income for the relevant previous year is NIL.
- 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 (Rs 50,000 from A.y 2019-20)
- You need to submit for 15H If interest on loan ,advance, debentures , bonds or say Interest income other then interest on bank exceeds 5000/-.
B. Form 15G
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.
- Bank F.D. Interest income should not exceed basic exemption limit (i.e Rs 2,50,000). Otherwise the bank will deduct TDS though you have submitted 15G.
- 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.
C. Difference between form 15G and 15H:-
- Form 15G can be submitted by individual below the Age of 60Years 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).
- 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).
- 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 cannot file DECLARATION u/s 15G . This is clear from the Declaration in Part-I for the form.
Declaration/Verification (Form 15H)
*I/We……………………………………………………… do hereby declare that to the best of *my/our knowledge and belief what is stated above is correct, complete and is truly stated. *I/We declare that the incomes referred to in this form are not includible in the total income of any other person under sections 60 to 64 of the Income-tax Act, 1961. *I/We further declare that the tax *on my/our estimated total income including *income/incomes referred to in column 16 *and aggregate amount of *income/incomes referred to in column 18 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. *I/We also declare that *my/our *income/incomes referred to in column 16 *and the aggregate amount of *income/incomes referred to in column 18 for the previous year ending on ………………………… relevant to the assessment year ………………………… will not exceed the maximum amount which is not chargeable to income-tax.
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 the Declaration in Part-I for the form.
Declaration/Verification (Form 15G)
*I/We………………………………………………. do hereby declare that to the best of *my/our knowledge and belief what is stated above is correct, complete and is truly stated. *I/We declare that the incomes referred to in this form are not includible in the total income of any other person under sections 60 to 64 of the Income-tax Act, 1961. *I/We further declare that the tax *on my/our estimated total income including *income/incomes referred to in column 16 *and aggregate amount of *income/incomes referred to in column 18 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. *I/We also declare that *my/our *income/incomes referred to in column 16 *and the aggregate amount of *income/incomes referred to in column 18 for the previous year ending on ………………… relevant to the assessment year……………… will not exceed the maximum amount which is not charge‑able to income-tax.
D. Frequently Asked Question Answers On Form 15G And Form 15H
Question:- I am 70 years old. I invested a sum of Rs 6,00,000 in January 2014, in GOI 8 per cent savings bonds (taxable), 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 3,50,500. 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 3,00,000, 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. 2019-20.
Question :- I am a senior citizen having income liable for tax deduction at source in respect of my deposits with State Bank of India. 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 60 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
- 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 60 or more?
- It should be “not exceeding the maximum exemption limit” and not “not exceeding the minimum exemption limit”.
- Form No. 15H in circulation at present states that the particulars of the amounts are as per the in serial No.18. But there is no such schedule at all. The one and only schedule is about “investments”. In Form 15G carries this detail is given under serial no. 19.
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 details of all the investments should be mentioned in the respective table under serial no. 18/19 as applicable for 15H and 15G respectively.
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.
Click here to Download Form 15G in word format
- 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 01.10.2015 -vide Notification No. 76/2015, Dated : September 29, 2015
Click here for Revised Format of Form 15G and Form 15H
Download Form 15G and Form 15H Applicable WEF A.Y. 2013-14 OR FY 2012-13 till 30.09.2015 -vide notification No. 11/2013 [F.NO.142/31/2012-SO(TPL)]/SO 410(E) Dated 19.02.2013
| 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 |
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.
Also Read:
Form No.15G and 15H & related procedures
Who can submit Form 15G & 15H & care to be taken in submission
Submitting Form No. 15G & 15H -Points to Remember
TDS and form 15G/ 15H applicability
(Republished with Amendments)
How much amount to be invested u/s 80C to save income tax of Rs. 5000/- for Individual.
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
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.
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.
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
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……….
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.
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…
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?
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
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.
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.
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
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
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
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
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
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
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 ?
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.
https://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.
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???
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?
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
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
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.
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?
FORM 15G AND 15H IS DOWNLOAD BUT NOT OPEN IN WINZIP…PLEASE GUIDE ME HOW TO OPEN.
MESSAGE CAME ” CANNOT OPEN FILE”
Very Good Article
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
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
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
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.
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.
clarification of agriculture land and urban land for tax purpose and distance of municipal area and city dividation
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.
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
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?
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.
Association of person can avail Form 15 G for avoiding tax interest on Fixed deposit
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
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?
I am a Special Assistant Public Prosecutor on daily wages of 700/-Rs. per day only on working day.Am I liable for TDS?
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 .
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
Q. i have rental income which is liable to tds @10% so whether i am eligible to file 15H for lower tax deduction.??
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
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
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
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.