Regarding submission of 15g
Sir,
I am Krishna kanth working as a clerk in corporation bank.
My salary is below Rs.3,00,000/year.
Interest on deposits are Rs.25,000/year.
I don't have any other income.
My deductions under 80C is more than Rs.1,00,000/year.
Can I submit 15G by adding the interest income in form 16.
Thanks & Regards
Replies (1)
you can submit 15G if you satisfy BOTH conditions :
1. your all incomes INDIVIDUALLY are below 2,50,000 ( i.e basic exemption limit) AND
2. your TOTAL INCOME ( i.e income after deductions) is also below 2,50,000 .
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