Can 15G be submitted even after some TDS gets deducted?

Kushal Pande (CFO) (256 Points)

25 August 2017  

Scenario:

1) Estimated income is below 2.5 lakhs and tax liability is nil.

2) 15G was not submitted beforehand and some TDS got deducted on FD interest income and is reflected in 26AS.

Can 15G be submitted now so that no further TDS gets deducted?