Form 15g & 15h

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Ajay (Querist)

29 January 2014 Dear Sir/Madam,

Good Morning,

I've a question regarding form 15g & 15H?

1.Whether bank will issue form 15g&15h?
2.My uncle(60yrs)is retired from Govt service in the month of Sept 2013.Now, he got pf,grautiuty amt etc around Rs.8lakhs.He decided to open fixed deposit for Rs.10lakhs.From F.D interest he has lead life because he'll not get pension so there no income for him.Right now my question is can he open f.d.a/c by issuing form 15h to get exemption of TDS?
3.who is eligible to issue form 15h?

please me in this regard awaiting for your reply.

Thanking you,

Ajay.

@VaibhavJ

@VaibhavJ (Expert)

29 January 2014 Hi

Some banks do issue Form 15G/15H

For understanding more on 15G/H pl refer: https://www.charteredclub.com/tds-on-fixed-deposits/

Thx

Gayathri Devi

Gayathri Devi (Expert)

29 January 2014 Dear Ajay

Form 15H should be filed by your uncle to the bank by mentioning his investment details. As well as the form is valid for 1 year and it should be submitted yearly once.bank deduct TDS only if the interest per year crosses Rs.10000/ per year.

In case if interest is less than Rs.10000/ then dont file From 15H

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