1.Whether bank will issue form 15g&15h? 2.My uncle(60yrs)is retired from Govt service in the month of Sept 2013.Now, he got pf,grautiuty amt etc around Rs.8lakhs.He decided to open fixed deposit for Rs.10lakhs.From F.D interest he has lead life because he'll not get pension so there no income for him.Right now my question is can he open f.d.a/c by issuing form 15h to get exemption of TDS? 3.who is eligible to issue form 15h?
Form 15H should be filed by your uncle to the bank by mentioning his investment details. As well as the form is valid for 1 year and it should be submitted yearly once.bank deduct TDS only if the interest per year crosses Rs.10000/ per year.
In case if interest is less than Rs.10000/ then dont file From 15H
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