Form 15 G OR H
This query is : Resolved
04 October 2010
One of my client had salary & other sources Income over & above Basic Exemption but no tax liability due to 80 C Deductions. Can he give Form 15 G or 15H to Bank for non decudtion TDS on Interest on FD?
OK, But what if he had salary income which is more than basic exmption limit, Can he give Form 15G Or Form 15H ? Pls confirm ?
OK, But what if he had salary income which is more than basic exmption limit, Can he give Form 15G Or Form 15H ? Pls confirm ?
04 October 2010
If the interest income is less than the maximum amount which is not chargeable to income tax, the assessee can give 15G/H to the bank.
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