Form 15G Download
Are you looking for information on filling up Form 15G and Form 15H to stop your TDS deduction? We provide you the best place to download these forms. You will also learn how to fill up and submit the forms. Banks will deduct your TDS when any interest income is above Rs. 10,000 in a year.
This limit is calculated on the basis of all the deposits you hold in all its branches. But if your total income is below this limit of Rs. 10,000 per year, you can request bank from deducting TDS. Submit Form 15G and 15H to the bank to fulfill this procedure. Also you can download form 49A from our website. The interest is calculated on earnings from all fix deposits, postal fix deposits, and senior citizen saving scheme. Form 15G is to be submitted to request income provider.
The very first condition is that you should have PAN card and must be an Indian citizen. You can submit the form no. 15G if your age is below 60 years. Above 60 years, can submit the form no. 15H. Your income should not be above the set limit of the taxable earnings. Either an individual or a Hindu Undivided Family can submit the form 15G and form H to the bank. The applicant’s total earning from the interest should be less than the total taxable income. In the case, if you fail to submit form 15G-15H, you can claim IT return to claim back the TDS.
Download Form no 15G
Visit the official site of income tax and move your cursor to the Forms/Downloads option in the top menu bar. You will see a drop-down list of different forms. Give a click on the ‘Income Tax Forms’. A new page will appear with a complete list of all income tax forms. There will be an option against each form for downloading it in a PDF form and fillable format. Scroll down to find form 15G and 15H. Give a click on the PDF icon and download the forms you require. Follow the instructions give on the top of this page, to get the utility and fillable formats.
Generally, banks also provide these forms on their official websites. Like, you can download SBI account opening form from retail.online.sbi.com as well if you are holding an account with SBI.
Where to Submit 15G Form and 15H Form
Form 15 G is a declaration by an individual or HUF to claim certain interest income without TDS.
Form 15H is a kind of declaration made by an individual who is or above 60 years age to claim receipt of certain income from interest without TDS.
These TDS forms can be used to save TDS on payments received in the following forms:
- Interest of securities
- Interest of dividend
- Fixed deposit interests
- Company deposit interests
- NSS and interest on Units
- PF interest
The form 15G and form 15H can be submitted to following authorities:
- Post Office
- EPFO office
These income tax forms should be filed in duplicate. If the form is accepted, the entire earnings from the interest is paid to the applicant without any TDS. However, you need a valid reason to fill up and submit this form.
Conditions For Filing 15G Form and 15H Form
You can fill up these TDS forms only under following conditions:
- For 15G, you should be below 60 (an individual and HUF or trust). Firms are not allowed to submit these forms. For 15H, you should be above 60.
- The final tax on the estimated income should be nil.
- The aggregate of the interest earned during a particular financial year should not be above the basic exemption slab of that assessment year. For example 2.5 lakhs for current assessment year for below 60 and 3 lakhs for above 60. For super seniors i.e. above 80 years, it is 5 lakhs.
We are sure now you are familiar with the basic aspects of the submitting form 15H and form 15G. Iforms.co.in will keep on updating you on similar income tax forms, Form 16 and other useful forms too. Keep visiting us and sharing us. Downloading forms online reduces your hassles of visiting offices and banks. Take benefit from our blog by downloading various application forms.