Form 15h - fy 2016-17
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 February 2017
Hi
I have two Queries Related to Form 15H
1) For Form 15H if the Total income from Bank FD Interest exceeds Rs 3 lakhs but no tax is payable due to investment in PPF / NSC etc then can Form 15H be issued.
2) Is there any change in Current FY 2016-17 that Bank can deduct TDS if the Total income exceeds Rs.3 Lacs even if Form Form H is submitted.
Thank You
I have two Queries Related to Form 15H
1) For Form 15H if the Total income from Bank FD Interest exceeds Rs 3 lakhs but no tax is payable due to investment in PPF / NSC etc then can Form 15H be issued.
2) Is there any change in Current FY 2016-17 that Bank can deduct TDS if the Total income exceeds Rs.3 Lacs even if Form Form H is submitted.
Thank You
15 February 2017
If your interest income in particular investment vested exceed the taxable limit than bank will deduct TDS. Irrespective of Form H
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