I am Sr Citizen .My income details are as below
1)Pension Rs 3,20,000
2)Interest from Bank Deposit Rs 2,10,000
3) My deduction under 80 C,80 D will be Rs 1,70,000
4) My tax liability will be Rs 4000/- after rebate under 87 A
My difficulty is whether I can submit form 15 H to Bank for not deducting Tax as my Tax liability is only Rs 4000/- and Bank may deduct Rs 21000/- as TDS at 10%.
I have to certify on 15 H that my tax liability is NIL. What can be done? If I do not submit form 15 H Bank may deduct TDS and I will have wait for refund
Kindly guide
CAclubindia
