what is 15g and 15h

15g and 15h is filed by those persons who are not interested to deduct tds and their income is lower than taxable income.

15g is filed by those whose age is less than 60 years and 15 h is whose age is above 60 years ..

Form 15G and Form 15H are forms you can submit to make sure TDS is not deducted on your income if you meet the conditions mentioned below. Also, you must have a PAN before applying for these forms. Some banks allow these forms to be submitted online through the bank’s website.

 

Form 15H is for senior citizens, those who are 60 years or older; while Form 15G is for everybody else.

 

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.

Form 15G and Form 15H are forms you can submit to make sure TDS is not deducted on your income if you meet the conditions mentioned below. Also, you must have a PAN before applying for these forms. Some banks allow these forms to be submitted online through the bank’s website. Form 15H is for senior citizens, those who are 60 years or older; while Form 15G is for everybody else. 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.