Avoiding tds with 15g: interest income

You are eligible to submit form 15G.

A person should fulfill below two conditions to be eligible to submit form 15G for interest income:

1. The tax on his estimated total income should be nil.

2. The aggregate interest incomes should not exceeds the maximum amount which is not chargeable to income-tax. i.e aggreate interest should not exceed 180000 for men and 190000 for women.

yes you are eligible to submit form 15G

Originally posted by : Pooja
	You are eligible to submit form 15G. A person should fulfill below two conditions to be eligible to submit form 15G for interest income: 1. The tax on his estimated total income should be nil. 2. The aggregate interest incomes should not exceeds the maximum amount which is not chargeable to income-tax. i.e aggreate interest should not exceed 180000 for men and 190000 for women.

I am quite confused here! The statement "aggregate from interest incomes" means sum of all interest incomes alone OR sum of interest income + other incomes (like salary). Other sources give conflicting answers.

https://www.charteredclub.com/tds-on-fixed-deposits/
 

why are u getting confusion. u can submit form 15G. Pooja has given the clear answer. 

There is condition that ur total income should not be exceed Rs.1.8 lac (including that interest and after deduction of ur PPF investment)

Thank you! I will submit 15G. I was confused by some people who told me that the total income (before deduction of savings) should be less than the basic exemption slab.