Need advise if 15h can be submitted?

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2013 Sir,
Case:
Senior Citizen.

Pension in a F/Y:120000

Interest accured from Bank FD: 150000

Total Income: 270000

Now in FY 2013-14
As standard deduction is 250000
And 87A Says tax credit max 2000

Can I Submit 15H in bank to avoid TDS.
Is my Income Taxable?

Ganeshbabu K

Ganeshbabu K (Expert)
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14 July 2013 Only condition for submission of form 15H is Final tax on estimate total income computed as per provisions of incometax is nil.

if your total income is 270000

After considering 87A deduction your final tax liability is zero.

So you are eligible to submit form 15H

Thanks & regards
Ganesh babu k

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