07 November 2013
Form 15G can be submitted by non-senior citizens i.e. individuals who are less than 60 years of age and who satisfy both the criterias mentioned below:-
The final tax on his estimated total income computed as per the provisions of the Income Tax Act should be nil The aggregate of the interest & other incomes received during the financial year should not exceed the basic exemption limit as per the prevalent Income Tax Slabs
Form 15H can be submitted by senior citizens only i.e. those who are above 60 years of age and satisfy the following criteria:-
The final tax on his estimated total income computed as per the provisions of the Income Tax Act should be nil
CAclubindia
