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What is form 15 g

451 views 5 replies

kanish

student

22 Points Joined April 2017

Hi friends.. can anyone please tell me about form 15G

Replies (5)

Studentsca

CA Practice

3577 Points Joined September 2012

https://cleartax.in/guide/form-15G-and-form-15H-to-save-TDS-on-Interest-Income

Guest

Banks have to deduct TDS when interest income is more than Rs.10,000 in a year. The bank includes deposits held in all its branches to calculate this limit. But if your total income is below the taxable limit, you can submit Form 15G and Form 15H to the bank requesting them not to deduct any TDS on your interest.

CA CMA Sagar Jaiswal

Finance professional

775 Points Joined June 2015

Form 15 g related to person up to age 60.declaration to bank that your total income is under the limit and u don't want to deduct tds on ur interest income. Be sure that information of form 15 g reflect on 26 as

praveer agrawal

kolkata

30 Points Joined December 2010

These Form is used for giving declaration to bank for non deduction of TDS on your interest.

Vipin Sanger

Accounting and Tax Professional

699 Points Joined July 2009

Form No. : 15G

Declaration under sub-sections (1) and (1A) of section 197A of the Income-tax Act, 1961, to be made by an individual or a person (not being a company or a firm) claiming certain receipts without deduction of tax.

Download Link: https://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007845.pdf