15 G Form and 15 H Form
To get an exemption
on TDS, one can fill 15G or 15H form.
Bank deduct TDS when individual cumulative interest on Fixed deposit, recurring
deposit, saving account etc is greater >10k.
TDS deduction,
if PAN is submit 10% of total interest earn.
TDS deduction,
if PAN is not submit 20% of total interest earn.
To get an exemption
on TDS deduction, individual can fill 15G
or 15H form or one can also file ITR income tax return.
15 H Form conditions: 15 H is for Indian residents (individual)
whose age is > 60 years and TAX calculated on income is Nill
15 G Form conditions: 15 G is for Indian residents (individual/HUF/trust
or assesse) whose age is less than 60 years.
Total income
must be < 2,50,000 i.e TAX calculated on income is Nill.
Download 15
G or 15 H form link
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