Is the income limit for submitting form 15G 5 lacs from this financial year or does it still remain as 2.5 lacs. Thanks for your expert advice.
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Form 15 g limit for fy 2019-20
Replies (2)
limit is up to 2.5 lacs only
For 15G ,Tax Payable on total income should be Nil ....and slab rate for FY 19-20 isn't changed ..it's 2.5 only
..it's increase in limit for claiming rebate...so if you are claiming rebate of 12.5k assuming your tax payable on total iincome isn't Nil you don't need to submit 15g...
..it's increase in limit for claiming rebate...so if you are claiming rebate of 12.5k assuming your tax payable on total iincome isn't Nil you don't need to submit 15g...
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