15H Declaration Meaning

Kushal Pande (CFO) (256 Points)

08 August 2017  
Form 15H says:
I further declare that the tax on my estimated total income including *income/incomes referred to in column 15 *and aggregate amount of *income/incomes referred to in column 17 computed in accordance with the provisions of the Income-tax Act, 1961, for the previous year ending on ............ relevant to the assessment year ............ will be nil.


What is meant by "the tax on estimated total income will be nil" ?

Does it mean, Total Tax liability [including Cess and Interest (if applicable)] after:

  • Rebate u/s 87A (if applicable),
  • Relief u/s 89(1) (if applicable),
  • TDS adjustments (if any),
  • Deduction of Self Assessment Tax paid (if applicable)

will be nil?