Form 15G eligibility for individuals

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tarun singh (Querist)
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22 July 2025 A individual has gross total income of rs.5 lakh for previous year 2025-26 including interest income of 51650 after rebate tax liability will be nil.

Is he eligible to file form 15G ?
Here GTI more than basic exemption limit 400000

Section 197A(1B) of the Income Tax Act says:

> “The provisions of sub-section (1A) shall not apply where the Amount Of Income or the aggregate of the amounts of income... exceeds the Maximum Amount which is not chargeable to income-tax.”

My interpretation of "Maximum Amount " is gross total income .

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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22 July 2025 Term "Maximum amount which is not chargeable to Tax" is Rs. 3 lakhs...
Form 15H cannot be filed...

tarun singh

tarun singh (Querist)
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22 July 2025 Thanks sir for reply with due respect I will make a small correction limit will be 4 lakhs as per budget 2025 for new tax regime.

I am confused about whether only interest income is compared to basic exemption limit or aggregate of income is compared to basic exemption limit.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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22 July 2025 1. Yes, for AY 2026-27 it has been increased to 4 lakhs, but the income here is around 5 lakhs so not applicable to file form 15G.
2. Here, aggregate income is considered.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 September 2025 Good luck...

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