If you are eligible to fill Form 15G/15H and have completely forgotten to submit it, then the bank would follow the usual practice and deduct TDS on interest income. Have you ever wondered that even ...

However, if the limit of interest earned through the interest rate in a FD exceeds the prescribed limit, it is taxed under TDS. To avoid this, it is necessary to fill Form 15H and Form 15G when you ...

The end of the first quarter of a financial year, which is on June 30, is the time when most depositors get first quarterly interest credited for their fixed deposits. However, this is also the time ...

If you invest in certain instruments like bank fixed deposit, recurring deposit and corporate deposit, the interest you earn is taxed. Banks and post offices will deduct TDS (Tax deducted at source) ...

I am a 62-year-old retired professional. I submitted Form 15H to my bank, but TDS was still deducted on my interest income. What should I do now? Also, when is the best time to submit Form 15H to ...

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 ...

Form 15H is required to be submitted by individuals who are of the age of 60 years or more claiming incomes without deduction of tax at source. Further, this has to be done for every payment. If there ...

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The CBDT has simplified the procedure for filing of self declaration by individuals in 15G and 15H forms, allowing them to do it electronically. Forms 15G and 15H are filed by persons whose incomes ...