Filling 15g and 15h annually or quarterly

TDS 688 views 4 replies

pankaj

Practice

89 Points Joined May 2009

Dear Members

There is Question on 15G/15H

1) Incase of interest income do person have to give 15G/15H every quarter to banker.

2) If there is single form for whole year then what is to be entered in Field 8 and 10 Part II (of 15G and 15H) if form is given in 1st Quarter. Do Banker have to fill whole year interest in part 8 or only quarterly interest amount. If it is whole year interest then what is filed 10 to be entered.

Replies (4)

Shishir Nayak

(Expert)

369 Points Joined February 2015

Form 15G and Form 15H are valid for one financial year. So you have to submit these forms every year if you are eligible. Submitting them as soon as the financial year starts will ensure the bank does not deduct any TDS on your interest income.:::::::::::::::Don’t fill any thing in part 2. The person whom you are furnishing declaration ( BANK, POST OFFICE ETC.) will fill this part. Don’t fill it