Form 15 g

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 March 2016 MY INCOME IS - 300000/-.
LESS :- 80C DEDUCTION-100000/-
SO NOW NET INCOME IS -200000/-
SO MY POINT IS THAT FORM 15 G SUBMIT WHEN MY INCOME DOES NOT EXCEED TAX LIMIT OR MY NET INCOME AFTER 80C DEDUCTION, OR IN BOTH CASES

Ankur Singhal

Ankur Singhal (Expert)
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20 March 2016 Dear
In order to be eligible to furnish Form 15G, the non-senior citizen investor needs to fulfill the following two conditions:

1. The final tax on his estimated total income computed as per the provisions of the Income Tax Act should be nil; and

2. The aggregate of the interest etc. received during the financial year should not exceed the basic exemption slab
Dear as per the facts stated by you you fulfill the 1 condition .
Pls check the 2 condition before filing 15 g.

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