TDS AFTER SUBMISSION OF 15 G OR H
This query is : Resolved
07 November 2025
Sir,
यदि एक 60 साल से कम उम्र वाला जिसकी सैलरी इंकम 7 lac हो और fd interest income 5.75 हो और वो बैंक में फॉर्म 15G जमा कर देता हो गया तो क्या बैंक tds काट सकता है क्युकी standard deduction के बाद उसकी इंकम 12 lac होगी और टैक्स liability nil होगी l
1.क्या 15 g जमा कर सकते हैं?
2.बैंक tds काट सकता है 15 g जमा करने के बाद भी नहीं जबकि estimated annual income 12.75 lacs (7+5.75) जिसपर कोई टैक्स liability नहीं होगी after relief u/s 87A.
🙏
यदि एक 60 साल से कम उम्र वाला जिसकी सैलरी इंकम 7 lac हो और fd interest income 5.75 हो और वो बैंक में फॉर्म 15G जमा कर देता हो गया तो क्या बैंक tds काट सकता है क्युकी standard deduction के बाद उसकी इंकम 12 lac होगी और टैक्स liability nil होगी l
1.क्या 15 g जमा कर सकते हैं?
2.बैंक tds काट सकता है 15 g जमा करने के बाद भी नहीं जबकि estimated annual income 12.75 lacs (7+5.75) जिसपर कोई टैक्स liability नहीं होगी after relief u/s 87A.
🙏
07 November 2025
To file Form 15G, the declarant must:
- Be an individual or HUF, not a company or firm.
- Be below 60 years of age (senior citizens use Form 15H).
- Be a resident of India.
- Have total income below ₹2.5/ 4.00 lakh (basic exemption limit).
- Have nil tax liability for the financial year.
In this case bank will deduct TDS, as the FD interest itself exceeds basic exemption limit.
- Be an individual or HUF, not a company or firm.
- Be below 60 years of age (senior citizens use Form 15H).
- Be a resident of India.
- Have total income below ₹2.5/ 4.00 lakh (basic exemption limit).
- Have nil tax liability for the financial year.
In this case bank will deduct TDS, as the FD interest itself exceeds basic exemption limit.
07 November 2025
1. Total estimated income is 12.75 lacs (7 lac salary +5.75 lac fd interest)
Bank tds कlटेगा on fd interest income, तो क्या बाद में हमें refund के लिए ITR file करनी पड़ेगी क्योंकि टैक्स liability तो zero होती है 12.75 lac पर?
Bank tds कlटेगा on fd interest income, तो क्या बाद में हमें refund के लिए ITR file करनी पड़ेगी क्योंकि टैक्स liability तो zero होती है 12.75 lac पर?
07 November 2025
Yes, file ITR & claim excess as refund.
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