For example you have deposit in three SBI bank branches Rs.100000 each. This form should be submitted to all the deductors to whom you advanced a loan. That means he did not pay any tax for the previous year because his income is not coming under the taxable limit. 2012-13) Estimated tax for the previous assessment year should be nil. Form 15H can be submitted only by Individual above the age of 65 years. 2012-13) claiming certain receipts without deduction of tax. Reader can download the latest Form 15G and Form 15H in Excel, Word and PDF format from the links given at the bottom of the article.įorm 15H :- Declaration under sub-section (1C) of section 197A of the Income-tax Act, 1961, to be made by an individual who is of the age of sixty-five years or more (Sixty Years from A.Y. In this article we are discussing important points to remember while submitting the Form 15G and Form 15H to the deductor. Form 15G and Form 15H are used for avoiding the TDS deduction while computing the interest earned during the financial year.
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