Basically, as you may be knowing, Tax at source is deductible (TDS) on some interest paid or payable, above Rs. 5,000/- (Rs. 10, 000/- if the payer is a bank). If yearly interest payment doesn’t ...

Utilize Form 15G and Form 15H to Maximize Earnings from FDs: The Fixed Deposit (FD) is a popular investment option in India. It is a guaranteed return investment scheme where one can invest their ...

Banks deduct 10% as TDS from the interest amount if the total interest exceeds Rs 10,000 in a particular financial year. But Form 15G / Form 15H can be submitted even if the income exceeds Rs 2.5 lakh ...

Submit the Forms 15G or 15H right away to avoid the TDS on your investments, if your income is below the exemption limit. Submit your declaration well in time to avoid paying tax on the interest ...

Income tax Form 15H pertains to a declaration under Section 197A(1C) to be made by an individual who is of the age of sixty years or more claiming certain incomes ...

The extension of validity of Form 15G/ 15H of FY 2019-20 to June 30, 2020, for FY 2020-21 would come as a relief to the individuals who usually have to submit these forms in the first week of April ...

Kerala High Court held that Bank is not required to deduct TDS on interest paid to senior citizen who has provided Form 15H. Accordingly, Bank cannot be considered as assessee in default for ...

New Delhi: Starting April 1, 2020, individuals should remember to submit Form 15G or 15H, as applicable, to the payer to avoid TDS if they are eligible to do so. This becomes necessary as the dividend ...