What is form 15 g
kanish (student) (22 Points)
02 April 2017
Studentsca
(CA Practice )
(3577 Points)
Replied 02 April 2017
Banks have to deduct TDS when interest income is more than Rs.10,000 in a year. The bank includes deposits held in all its branches to calculate this limit. But if your total income is below the taxable limit, you can submit Form 15G and Form 15H to the bank requesting them not to deduct any TDS on your interest.
CA CMA Sagar Jaiswal
(Finance professional)
(665 Points)
Replied 02 April 2017
praveer agrawal
(kolkata)
(30 Points)
Replied 03 April 2017
Vipin Sanger
(Accounting and Tax Professional)
(699 Points)
Replied 07 April 2017
Declaration under sub-sections (1) and (1A) of section 197A of the Income-tax Act, 1961, to be made by an individual or a person (not being a company or a firm) claiming certain receipts without deduction of tax.
Download Link: https://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007845.pdf