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FORM 15H COMPULSORY FOR SENIOR CITIZEN

This query is : Resolved 

SIR,
A senior citizen non it return filed person form 15 H submit to bank interest income below Rs:40,000/- form 15 H not required bank manager.
Question:
any limit above interest income form 15h not compulsory.

Banks have to deduct TDS when your interest income is more than Rs.50,000 in a year , so when banks dont need to deduct TDS on your interest, question of 15H doesnt arise

15 H is compulsory if the interest income exceeds Rs.50,000.

Inference :- section 194 A (3), third proviso.



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