Form-G and Form H are to be filled to save TDS
[ad_1]
15G is for those who are not senior or super senior citizens. By submitting this form to the bank, TDS can be avoided on FDR and interest earned thereon. And 15H form is for senior and super senior citizens. Both the forms can be filled in both offline and online mode. Come, let us know what is the eligibility to fill these forms and who can fill them.
Who can fill 15G?
Companies cannot fill it, it is only for individuals.
Must be an Indian citizen.
You must be less than 60 years of age.
Tax on your income should be nil.
Your annual income should be less than Rs 2.5 lakh.
Who is 15H for?
Must be an Indian citizen.
Your age should be 60 years or more.
There should be no tax liability on your income.
If your annual income is Rs 2.5 lakh or above the prescribed limit then you should not fill this form. The reason for this is that the PAN number is also given along with these forms. This may cause you trouble later. If caught, you can also be charged with tax evasion.
[ad_2]
Source link
