Form 15G, Form 15H to Save TDS on Interest Income
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Form 15G, Form 15H to Save TDS on Interest Income
3K viewsOct 7, 2020
cleartax.in
#Budget2026 | Senior Citizen Relief Dividend TDS made simpler: One-time Form 15G/15H declaration through the depository instead of multiple submissions. Less paperwork, lower compliance burden, and greater ease of living for senior citizens. | Income Tax India
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You need to know this ! Form 15G and Form 15H are self-declaration forms that an individual submits to the bank requesting not to deduct TDS on interest income as their income is below the basic exemption limit. FORM 15G : Resident Individual or HUF or trust or any other assessee but not a company or a firm with age less than 60 years FORM 15H : Resident individual aged 60 years or more i.e. Senior citizen. If you've Fixed Deposit in banks then this rule will save your money TDS ON FD, TAX ON FD
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