Form 15G/H TDS return

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Ganesh Waghmare (Querist)
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01 August 2024 I want to file 15G/H TDS return, guide me how and when to file TDS 15G/H return by Employer or is filling of return compulsory.

BALASUBRAMANYA B N

BALASUBRAMANYA B N (Expert)
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02 August 2024 Form 15G and Form 15H are valid for one financial year. So, please submit these forms every year at the beginning of the financial year. This will ensure that the bank does not deduct any TDS on your interest income.

Ganesh Waghmare

Ganesh Waghmare (Querist)
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02 August 2024 Thank you so much Sir,
But yet I have not submitted form Form 15G, Form 15H for FY 2023-24, I want to submit or file for same year, kindly guide me, can I file now and how much will be the interest penalty, how to submit form to Income tax site.

Asha Kanta Sharma online

Asha Kanta Sharma online

(Expert)
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13 August 2025 You're looking to **submit or file Form 15G / Form 15H declarations** for **FY 2023–24** (belatedly), and want to understand the **filing process, deadlines, penalties, and if it can still be done.** Let's clarify everything in simple terms.

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## ✅ What are Forms 15G / 15H?

| Form | Used By | Purpose |
| ------- | ------------------------------- | -------------------------------------------------------------------------------------------------------------- |
| **15G** | Resident individuals ❗ If you are **an individual taxpayer** who submitted Form 15G/H to your bank, **you do not file a return** — the **bank does**.

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## 🗓️ Due Dates for Filing 15G/15H Returns (by Deductor)

| Quarter | Period | Due Date |
| ------- | ------- | ---------- |
| Q1 | Apr–Jun | 15 July |
| Q2 | Jul–Sep | 15 October |
| Q3 | Oct–Dec | 15 January |
| Q4 | Jan–Mar | 30 April |

➡️ Since you're asking for **FY 2023–24**, these dates have already passed. Filing now will be **late**.

---

## ⚠️ Late Filing Consequences:

1. **Penalty under Section 234E**:

* ₹200 per day of delay (capped to the amount of TDS deductible)
* **Even if no TDS was deducted**, filing is **still mandatory** if 15G/H were received

2. **Penalty under Section 271H**:

* Additional discretionary penalty from ₹10,000 to ₹1,00,000 may apply if failure is willful and prolonged

✅ If you **file late voluntarily**, and **no TDS was deducted**, **you may avoid Section 271H** — but **234E late fees will apply**.

---

## 🛠️ How to File Form 15G/H Return (as Deductor):

### Step-by-Step:

1. **Prepare XML File** using TIN-NSDL’s **Return Preparation Utility (RPU)**:

* [Download RPU](https://www.tin-nsdl.com/services/etds-etcs/etds-rpu.html)

2. **Generate .fvu file** using File Validation Utility (FVU)

* Ensure you’re using latest version

3. **Login to Income Tax e-Filing Portal** (as deductor):

* [https://report.insight.gov.in](https://report.insight.gov.in/reporting-webapp/portal/home)

4. Go to:

> **Reporting Portal > Submit Form 15G/H**

5. **Upload the .fvu file**

6. **Verify using Digital Signature Certificate (DSC)** or **EVC**

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## 📝 Documents/Details Needed:

* PAN of Deductor
* Form 15G/15H declarations received
* Details of income on which TDS is not deducted
* Period covered, interest amounts, etc.

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## 📌 Can You File Now for FY 2023–24?

**Yes**, you can still file the 15G/15H return for FY 2023–24, but it will be **late**. Be prepared to pay **late fees under Section 234E**, calculated as ₹200 per day per return (quarter), subject to the TDS involved.

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### ✅ What You Should Do Now:

1. **Compile all Form 15G/15H** received from deductees for FY 2023–24
2. Use **NSDL utilities** to prepare & validate the return
3. File it **immediately** on the **Reporting Portal**
4. Pay late fee (if applicable) once intimated

---

Would you like help with:

* A **ready-to-fill Excel template** for 15G/H filing?
* A **sample declaration form** for employees/investors?
* Instructions to generate `.fvu` file using RPU?

Let me know — happy to provide!

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