![]() ![]() ![]() Form 15H is for senior citizens who are 60 years or older and Form 15G is for everybody else.įorm 15G/H help customers to avail exemption from TDS on interest earned on investments like bank fixed deposits or EPF withdrawals in a financial year. A fresh form 15 G/H to be submitted in each new financial year by the start of every financial year. ![]() If your total income is below the taxable limit, you can submit Form 15G and Form 15H to the bank or any deductor requesting them not to deduct any TDSon your interest. The revised procedure shall be effective from the 1st October, 2015. The procedure for submission of the Forms by the deductor has also been simplified. In order to reduce the cost of compliance and ease the compliance burden for both, the tax payer and the tax deductor, the Central Board of Direct Taxes (CBDT)has simplified the procedure for self declaration and introducing new Form 15G and new Form 15H in new format. ![]()
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