If you invest in certain instruments like bank fixed deposit, recurring deposit and corporate deposit, the interest you earn is taxed. Banks and post offices will deduct TDS (Tax deducted at source) ...

Senior citizens, above 60 years of age, have to submit Form 15H to banks at the beginning of a financial year to ensure that no tax is deducted at source on interest ...

Income Tax Return: April is a great opportunity to proactively plan your tax strategy for the upcoming fiscal year. One effective way to do so is by utilizing Form 15G or 15H to avoid Tax Deducted at ...

No provisions have been specified in the I-T Act for revision or cancellation of Form 15H. As a way forward, you can pay the advance tax on the estimated income within the due dates to avoid any ...

Form 15H is for an individual who is of the age of sixty years or more while Form 15G is for all other individuals. If you have a bank fixed deposit, it’s time to make sure that your bank does not ...

State Bank of India (SBI), in a communication through Twitter said account holders can submit Form 15G and Form 15H online using internet banking facility. The Central Board of Direct Taxes (CBDT) has ...

Form 15H is valid for one financial year, and it is submitted every year at the beginning of the financial year to ensure that the bank does not deduct any TDS on your interest income.

The end of the first quarter of a financial year, which is on June 30, is the time when most depositors get first quarterly interest credited for their fixed deposits. However, this is also the time ...

Form 15H is required to be submitted by individuals who are of the age of 60 years or more claiming incomes without deduction of tax at source. Further, this has to be done for every payment. If there ...

This being the first quarter of the financial year it is important for all the people who want to receive interest without deduction of tax to submit form 15G and 15H immediately to the banks Let us ...

As per the press statement released by ministry of finance payee can submit the self-declaration either in paper form or electronically. PUNE: The government has simplified the format and procedure ...

QUESTION: A recent advertisement does not make it clear that senior citizens without taxable income are entitled to file Form 15H even if they do not have Permanent Account Number (PAN). Kindly ...