Form 15g

For giving Form 15G, the following are the eligibility conditions:

1.the person should be an Individual/HUF & Resident of India

2.Tax on estimated total income shall be nil (or refund) (The tax on Consultancy Income is served by TDS and hence the tax on total income comes to refund.)

3.Total interest income shall not exceed basic exemption limit. (Rs.1Lakh < 2.5Lakhs)

In this case all the conditions are satisfied and hence you are eligible to give Form-15G to get rid of TDS.