You can stop banks from deducting TDS on your fixed deposit interest—if your total income is below the taxable limit. Banks usually deduct 10% tax (TDS) if your FD interest is more than Rs 40,000 in a ...

Want to avoid TDS on FD interest, rent? File Form 15G or 15H Use these forms to eliminate avoidable TDS on income from interest, commission, rent and so on. Although there is no specific deadline ...

The Central Board of Direct Taxes (CBDT) has recently revised the norms related to Form 15 H, which is applicable to persons aged above 60 years. The new rule will consider the provision of Section ...

Senior citizens can avoid TDS deductions on fixed deposit interest over Rs 1 lakh by filing Form 15H, which ensures no tax deduction if income is up to Rs 12 lakh under the new tax regime.

"Assessee can file a self-declaration for non-deduction of tax in Form 15G or Form 15H, as the case may be, under section 197A. Income-Tax Act does not prescribe any time limit for filing of such ...

ITR Filing: If your income is below the exemption limit, send in Forms 15G or 15H right away to avoid the TDS on your investments.

With the start of the new financial year, it is time to file Form 15H and Form 15G to avoid the tax deduction at source while computing the interest earned during the financial year.

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).

With banks in Tamil Nadu operating with reduced business hours from Monday amid the surge in COVID-19 cases, senior citizens have called for extension of time for filing form 15G and form 15H.