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)
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.
What is last date of submision of 15g/h at Commissioner of income-tax by owner
thanks
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
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.
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
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
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?
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
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?
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?
I am first time going to submit 15G, so i am employee but i don’t to why need i to submit this form ?
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
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??
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.
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
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 ?
Can you please send me sample filled Form 15G
I need model filleg 15G form for Bank FD
sir, there are more questions and less answers.
If most of the related questions are answered it would be more informative
regards
govind
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
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 ?
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
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
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.
Do we have to Submit form 15G/H every time we Pay interest in a year?
Ya only once in a year
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
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.
is any rule/process under it ACT for revoking 15g/15h after submitting to deductor
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
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..
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?
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.
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.
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?
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?
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
CAN I FILL 15G FORM VIA NET BANKING
I AM AN NRE WORKING IN SAUDI. I HAVE F/D. DO I HAVE TO FILL FORM 15G TO AVOID TDS FOR ANY AMT.
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
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
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..
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
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
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?
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
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.
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
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?
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
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;