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15H Declaration Meaning

Tax queries 308 views 3 replies
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?

Replies (3)

" ........... computed in accordance with the provisions of the Income-tax Act, 1961, ........."

None of the above TDS, SAT, Adv Tax allowed for calculations.......

Otherwise all the assessees would come under the catagory (before filing return no one has any tax liability!!)

As per IT provision tax liability calculated after any deductions available under chapter VI A should be NIL.

Sir, thanks a lot for the excellent replies.

My Pleasure, Sir......


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