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Home > Income Tax > Help Center > Form 15G/15H Last Updated: Dec 04th 2023
Banks and other financial organizations must deduct TDS from accountholder interest. TDS deduction threshold is Rs 40,000 for non-seniors and Rs 50,000 for seniors. Learn more on forms, applicability, and submission.
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Note: Non-Residents are not eligible to submit Form 15G/15H even if their income is less than threshold.
Form 15G/15H is required to submitted at the following places.
The following details are required in Form 15G/15H
Form 15G/15H Submitted to the banks or financial institutions will be valid for 1 year
No, you cannot submit Form 15G/15H if your total income is more than 2.5 lakhs irrespective of the interest income.
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.