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

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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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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Form 15h - fy 2016-17

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