CA in Practice
35867 Points
Joined June 2009
The form 15G contains the following clause:
4. that my/our income from dividend/interest on securities/interest other than interest on securities/units/amounts referred to in clause (a) of sub-section (2) of section 80CCA or the aggregate of such incomes, computed in accordance with the provisions of the Income-tax Act, 1961, for the previous year ending on 31/03/2010 relevant to the assessment year 2010-11 will not exceed the maximum amount which is not chargeable to income-tax;
So interest be maximum amount not chargeable to tax