Form 15G: This form can be submitted by individuals below 60 years and Hindu Undivided Families (HUFs). Form 15H: This form is for senior citizens (60 years and above).

Form 15H is beneficial for senior citizens who rely on FD interest for their regular income and wish to avoid unnecessary TDS deductions, which would otherwise require them to file an income tax ...

You can stop banks from deducting TDS on your fixed deposit interest—if your total income is below the taxable limit. Banks usually deduct 10% tax (TDS) if your FD interest is more than Rs 40,000 in a ...

TDS on dividend income is deducted if the total dividend payable by a company in a financial year exceeds Rs. 5,000.

Form 15H is a self-declaration for non-deduction of taxes at source which can be submitted by an eligible person to the payor of specified incomes. Specified incomes includes income from provident ...

Ideally, Form 15G or Form 15H should be submitted at the start of the new financial year. From this financial year, TDS will not be charged to senior citizens if the interest income is less than ...

Form 15H is for an individual who is of the age of sixty years or more while Form 15G is for all other individuals. If you have a bank fixed deposit, it’s time to make sure that your bank does ...

With the start of the new financial year, it is time to file Form 15H and Form 15G to avoid the tax deduction at source while computing the interest earned during the financial year. Written by ...

This story is from November 28, 2002 Can I Submit Form 15H? Nov 28, 2002, 12:23 IST Follow us ...

I am a senior citizen and my income is below Rs 1,60,000 from all sources. I have FDRs of Rs 80,000 (interest @ 8% pa) each in four banks. Should I submit form 15H in banks because in each bank the in ...