If any person have 3 bank account and in consolidated FD intrest more than 40k but total income within basic exception limit.
In such case person require to file 15G in all 3 bank account ???
Replies (4)
Quick Summary
If you have multiple bank accounts and your consolidated Fixed Deposit interest exceeds £40,000, but your total income remains within the basic exemption limit, you may need to file Form 15G in each bank account. These forms are submitted to your bank, not directly to the income tax office.