Do remember that the submission of Form 15G or Form 15H is not a one-time occurrence it has to be submitted every year within a specified time. Those submitting Form 15G or Form 15H must quote their PAN card details. See also: TDS full form: All you need to know about tax deducted at source Note that a bank will deduct TDS on your income interest when the total interest earned across its branches exceeds Rs 10,000. Do I have to submit Form 15G or Form 15H to the Income-Tax Department?įorm 15G and Form 15H are self-declarations submitted to the bank, stating that the income is within the tax exemption limit and the bank should not deduct TDS on the interest earned on the deposits or investments.What if you fail to submit Form 15G/Form 15H on time?.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |