Submission of Form 15G New Tax Regime FY-2025-26
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RAMESH BALIRAM LUTE
(Querist)
25 July 2025
Dear Sir,
I am Senior Citizen Age 65yrs. My Total Income for FY-2025-26 will be as under. Pension 720000, interest on Deposit-700000, STCG-Equity-expected-400000 Total Income Rs, 1820000/-. Last Financial Year TDS deducted on Interest Income was Rs. 110000/- . This year may be Rs. 120000/- . I have not yet Submitted form 15G. As New Tax Regime ,No Tax up to Income Rs. 1200000, Can I Submit Form 15G now to avoid TDS deduction on Deposit. and pay Advance Tax Qty on STCG income.
Regards,
Ramesh Lute
I am Senior Citizen Age 65yrs. My Total Income for FY-2025-26 will be as under. Pension 720000, interest on Deposit-700000, STCG-Equity-expected-400000 Total Income Rs, 1820000/-. Last Financial Year TDS deducted on Interest Income was Rs. 110000/- . This year may be Rs. 120000/- . I have not yet Submitted form 15G. As New Tax Regime ,No Tax up to Income Rs. 1200000, Can I Submit Form 15G now to avoid TDS deduction on Deposit. and pay Advance Tax Qty on STCG income.
Regards,
Ramesh Lute
Dhirajlal Rambhia
(Expert)
25 July 2025
No. As per rules it is not allowed.
Dhirajlal Rambhia
(Expert)
25 September 2025
Good luck...
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