10 March 2015
Form 15G is self declaration form to be submitted if total taxable income of a person is going to be less than the permissible limits . So if a person is sure that he will not be required to pay any tax in a particular year , then he can submit for 15G to avoid deduction of TDS from his interest income. This form is not applicable for NRI’s. Form 15H has the same purpose as Form 15G Form 15H can be submitted by a person who is above 60 yrs.
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